With Bitcoin falling below $66,000, a downward trend emerged across the market. Following this decline, attention turned to meme coins, the most volatile segment of the market. The situation was not much different for meme coins, and the overall decline was more evident in this area. So, what is the latest status of high-volume meme coins?
DOGE Price Drops
In the world of cryptocurrencies, things haven’t been going well for DOGE, the leading meme coin, in the last 24 hours, although its decline was limited compared to its competitors. During this period, DOGE’s price movement saw a 3% drop, bringing its value down to $0,1255.
Recently, Elon Musk mentioned in a program that he would not encourage people to invest in cryptocurrencies but admitted to having a soft spot for DOGE. DOGE’s price movement also caused its market cap to drop to $18.235 billion. Additionally, the trading volume fell by 15.8%, resulting in $662 million.
Shiba Coin Price in TL
Following DOGE, SHIB, the second-largest meme coin in the market, showed a relatively positive performance among its competitors. SHIB experienced only a 2.73% drop, making it the strongest meme coin compared to the deep declines seen in recent weeks. After this price movement, SHIB’s value fell to $0.00001626.
SHIB’s market cap dropped below $10 billion again, reflecting $9.580 billion after this price movement. The trading volume also fell by 17%, amounting to only $178.673 million. In the TRY pair, SHIB’s price stands at 0.00053790 TL.
PEPE Coin Price Outlook
For PEPE, things are not going well today. PEPE’s price was among the biggest losers of the day, along with BONK. After a 5.15% drop, PEPE’s price fell to $0.00001128, resulting in its market cap dropping below $5 billion to $4.745 billion.
Besides PEPE, the biggest loser of the day was BONK. BONK’s price dropped by 5.83% to $0.0000262. Lastly, WIF’s price fell by 4.17% to $2.30. BONK’s market cap was $1.8 billion, while WIF’s market cap was $2.295 billion.
