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In the present day’s prime meme cash have misplaced 4.8% in worth in opposition to the U.S. greenback, because the crypto market carnage has wreaked havoc throughout the whole digital foreign money economic system. Whereas dogecoin had an exceptional yr in 2021, over the previous 12 months, dogecoin misplaced 82.8% in opposition to the USD.
DOGE Tapped an All-Time Excessive a Yr In the past In the present day, Meme Coin Worth Is Down 82% Since That Level
Meme coin property are down this week following the remainder of the crypto economic system’s downward spiral. Statistics present that dogecoin (DOGE) has shed 14% in worth in the course of the previous month and 30 day stats present shiba inu (SHIB) is down 24%.
Within the final day alone, the $28.3 billion value of meme tokens misplaced 4.8% in worth. DOGE misplaced 1.7% during the last seven days and this week SHIB has dropped by 6.8%. DOGE can be down 82.8% from the crypto asset’s all-time excessive on Might 8, 2021, which was precisely a yr in the past right this moment.
At the moment, DOGE reached an ATH of round $0.731 per unit. Six months in the past, SHIB tapped an ATH at $0.00008616 per unit and right this moment it’s down 78% since that worth level. Each DOGE and SHIB make up a lot of the $28.3 billion meme token market capitalization by representing 95% with a mixed market valuation of round $26.9 billion right this moment.
Google Tendencies Knowledge Exhibits Curiosity in Dogecoin and SHIB Is Low
Whereas a lot of the meme coin economy has shed vital worth in current instances, a comparatively unknown meme token referred to as litedoge (LDOGE) has gained 400% this week. Poodl token (POODL) is up 34.2% and dogefi (DOGEFI) is up 27.3% in the course of the previous seven days. Nevertheless, jejudoge (JEJUDOGE) has misplaced 44.6% this week, lets go brandon (LETSGO) is down 43.3%, and shiba fantom has shed 28.9% in worth in opposition to the USD.
Meme tokens have been all the craze final yr, however curiosity appears to be dwindling quick. After hitting a Google Tendencies (GT) rating of 100 final Might, this yr throughout the identical weekly timeframe, the search phrase “dogecoin” has scored a 3. SHIB hit a 100 in October and GT information reveals the search time period “SHIB” has scored a 4 this week, based on worldwide statistics.
What do you consider the meme coin market carnage and the shortage of curiosity in SHIB and dogecoin nowadays? Tell us what you consider this topic within the feedback part beneath.
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