Meme Coin Season May Be Over As PEPE, SHIB, DOGE, Continue Decline

2023-5-22 16:50

Momentum in the crypto market has ground to a near-halt over the last couple of days and meme coins are suffering the most for it. As market participants remain wary of their investment options, the likes of PEPE, SHIB, and DOGE have continued to decline, signaling an end to the short meme coin bull run experienced in April.

Meme Coin Momentum Slows Significantly

Meme coins have been one of the hardest hit presently as both large and small meme coins have been on a decline. For example, PEPE, a meme coin that rose into prominence in April, has lost over 60% of its early May all-time high value and is still recording losses of 7.5% in the last 24 hours.

Likewise, Dogecoin (DOGE), the largest meme coin in the space has not had it easy as well. The digital asset is still holding on to its support above the $0.07 but bears continue to threaten its ability to recover. Just like PEPE, DOGE is seeing a decline in the last day, albeit to a lesser degree, with 1.8% losses during this time period.

Next on this list is SHIB which is currently the only one of the top meme coins that are recording some semblance of gains. But even its gains so far have been meager and losses are the order of the day on the larger 7-day scale. SHIB is still below its critical $0.000009 resistance but has risen 1.7% in the last day.

Others such as Baby Doge Coin and Floki are seeing losses in the 24-hour and 7-day charts as well. As a result, the total meme coin market cap is down 2.6% in the last day and is now sitting at a $17.13 billion capitalization, data from Coingecko shows.

Is It Time To Buy PEPE, SHIB, Or DOGE?

The current market climate makes it so that cryptocurrencies are presenting what some would call a great buying opportunity. This is because for a lot of these assets to return to their previous highs, it would mean an at least 100% increase from their current market price.

Since cryptocurrencies have been consolidating for a while, a breakout could be imminent and this would mean buying assets such as PEPE, DOGE, and SHIB at current prices could present as a good entry point for good profits.

However, this only works if the market bottom is truly in. With cryptocurrencies being very volatile, they could just as well swing downward from this point, leading to more losses for investors.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Memetic / PepeCoin (MEME) на Currencies.ru

$ 0.0257232 (+0.09%)
Объем 24H $719.199k
Изменеия 24h: 9.00 %, 7d: 6.49 %
Cегодня L: $0.025718 - H: $0.025893
Капитализация $0 Rank 2869
Цена в час новости $ 0.0068559 (275.2%)

meme decline market doge pepe coin shib

Источник: newsbtc.com

meme decline → Результатов: 22


Фото:

Why is the KAVA price rising as the crypto market bleeds?

The crypto market has been on the decline in the last few days even as meme coins like PEPE and LADYS staged staggering price surges. The leading cryptocurrencies by market cap have been the worst hit by the bear market leaving only KAVA price, Bitcoin SV price, and FLOKI price in the green among the […] The post Why is the KAVA price rising as the crypto market bleeds? appeared first on Invezz.

2023-5-13 11:49


The Rise of PEPE: A Curious Case of Crypto Hype and Insider Dynamics

A recent investigation into the origins of the PEPE project reveals a rapid rise in popularity driven by social media buzz and insider activity. Here’s a timeline of the key events that propelled this meme coin into the spotlight: Meme Coins: The Hype and Inevitable Decline Meme coins, a relatively recent phenomenon in the world […] The post The Rise of PEPE: A Curious Case of Crypto Hype and Insider Dynamics appeared first on CaptainAltcoin.

2023-5-8 16:32


Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Shiba Inu's big test: Can SHIB stay above $0.00002?

SHIB’s steady decline has led to the formation of a descending triangle. The lower trendline of the triangle forms a critical support level. Leading meme coin Shiba Inu [SHIB] has formed aThe post Shiba Inu's big test: Can SHIB stay above $0.00002? appeared first on AMBCrypto.

Shiba Inu [SHIB] could rally 20%, but only on THIS condition

An analyst spotted a descending channel on Shiba Inu's price chart, suggesting a 20% rally. Many SHIB tokens were taken off exchanges, reinforcing the prediction. According to Ali Martinez, The post Shiba Inu [SHIB] could rally 20%, but only on THIS condition appeared first on AMBCrypto.

Roaring Kitty’s return triggers meme coin surge and GameStop stock spike

The meme coin sector emerged as a rare winner the past day despite the broader market drawdown that pushed prices of major digital assets like Bitcoin down. These meme assets’ upsurge can be attributed to the unexpected reemergence of Keith Gill, also known as Roaring Kitty and DFV, who played a pivotal role in initiating […] The post Roaring Kitty’s return triggers meme coin surge and GameStop stock spike appeared first on CryptoSlate.

SHIB beats DOGE in 24 hours: Is this the start of a new dawn?

Interest in DOGE was more than SHIB in the last 30 days. Social dominance was almost equal, indicating a solid correlation. Shiba Inu's [SHIB] price increased by 4.07% in the last 24 hours, The post SHIB beats DOGE in 24 hours: Is this the start of a new dawn? appeared first on AMBCrypto.