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COINTURK NEWS > Meme Token > Market Bears Take Over Meme Coins
Meme Token

Market Bears Take Over Meme Coins

In Brief

  • Bears seem to have taken over the meme coin market.

  • DOGE and SHIB both experienced declines in the last 24 hours.

  • PEPE and WIF also saw significant drops from their recent highs.

COINTURK NEWS
COINTURK NEWS 1 year ago
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The temporary rise in cryptocurrencies and the ATH seen in PEPE may have led to bears taking over the market again. The negative outlook seen in meme coins in the last 24 hours has worried everyone, especially meme coin investors. So, how do the prices look at the peak of meme coins?

Contents
How Much is 1 DOGE in Dollars?SHIB Commentary and PricePEPE Moves Away from ATHLatest Situation in Solana’s WIF

How Much is 1 DOGE in Dollars?

DOGE, the undisputed leader in terms of volume among meme coins, seems to be losing strength. This situation has caused SHIB to get closer to it. As of the time of writing, DOGE’s price has dropped to $0.1497 after a 3.93% decline in the last 24 hours.

The 7-day price movement for DOGE shows a 1.52% decline. DOGE’s market cap has fallen similarly to $21.6 billion, while its 24-hour trading volume was $1.376 billion, which means a 21% drop compared to yesterday.

SHIB Commentary and Price

While the SHIB Army’s questions about the Shiba Inu development team are increasing day by day, its approach to DOGE has created excitement.

As of the time of writing, SHIB is trading at $0.00002453 after a 2.86% decline in the last 24 hours. The 4.35% rise in the last 7 days has reduced the market cap difference between SHIB and DOGE to $7 billion. SHIB’s market cap is around $14 billion as of the time of writing.

SHIB’s 24-hour trading volume is below $1 billion, standing at $832 million as of the time of writing, which means a 19% drop compared to yesterday.

PEPE Moves Away from ATH

After a dream-like 2 days for PEPE Coin, things seem to have taken a turn. PEPE, which refreshed its ATH on May 15, seems to have started to decline again as of today. There were comments about some whales selling, which might have influenced the price drop.

As of the time of writing, PEPE is finding buyers at $0.00001006 after a 4.65% decline in the last 24 hours. It is already 13% away from its ATH of $0.00001156. Despite this, the over 17% increase in the last 7 days has been positively received by investors.

Latest Situation in Solana’s WIF

Dogwifhat (WIF) made a significant impact in March 2024. On March 31, the meme coin had risen to $4.85, but as of today, it is 41% away from its ATH, which happened in just 40 days.

As of the time of writing, WIF’s price is $2.84 after a 7.58% decline. Looking at its 7-day performance, it has lost 9.14% of its value. WIF had briefly surpassed PEPE in the past, but now the market cap difference between them has risen to $1.4 billion. WIF’s market cap is $2.8 billion, while its 24-hour trading volume is $678 million.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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COINTURK NEWS 17 May, 2024 - 5:05 am 17 May, 2024 - 5:05 am
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