Today, the drop in Bitcoin’s price deepened significantly, and spot Ethereum ETFs did not have a positive impact on the market. More importantly, the payments made to Mt. Gox creditors were once again seen to exert pressure on the market. As Bitcoin’s price fell, attention suddenly turned to meme coins, one of the market’s most notable sectors. Meme coins also continued to experience declines today. So, what is happening in the market right now?
DOGE Comments
Dogecoin (DOGE), which has long been at the top of meme coins and rarely falls out of the top 10, seems to be nearing the end of its monthly gains. The 7.63% drop in the last 24 hours has caused the price to fall to $0.1302 today.
Despite today’s drop, DOGE’s weekly outlook still reflects a 3.41% increase. Amid all this, DOGE’s market cap remains at $18.9 billion, while its trading volume has fallen to $1 billion after a 43% drop.
DOGE’s price is currently 86% away from its all-time high (ATH) of $0.7376, and investors continue to wait for the day when the price will first reach this level and then exceed $1.
SHIB Price in TL
Shiba Inu continues to fall today. Despite last week’s market rise, SHIB’s price dropped by 10% due to hacking incidents. As of today, SHIB’s 24-hour price movement indicated a 4% drop, bringing the price down to $0.00001708.
SHIB’s 7-day price movement reflects a 12.45% drop on the charts. SHIB’s market cap is at $10 billion, placing it 13th. SHIB’s trading volume is at $326 million. In the SHIB/TRY pair, the price is seen at 0.0005644 TL.
PEPE Comments
Looking at PEPE’s price analysis, which made a mark in June, it showed a strong performance in the last 24 hours. PEPE’s price movement reflected a 0.88% drop in the last 24 hours, with the price at $0.00001215.
Commenting on PEPE, it was seen that it moved contrary to the market in recent months and achieved ATHs even in bearish market conditions. After these ATHs, the price had reached $0.00001718 and then pulled back. PEPE’s current strong stance could lead to a scenario where sharp upward movements occur again with a potential price increase in the future.
PEPE’s market cap remains above $5 billion today, while its trading volume remains at $1 billion.
