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In the world of cryptocurrency, the decline in Bitcoin has affected the entire market and triggered a visible downturn. Solana was able to withstand this drop for only two days, significantly influenced by meme coins, but it also fell from its $210 level to $172. Meanwhile, what’s happening with Pepe, Floki, and LUNA, which have made headlines in recent days?
PEPE Coin Price Outlook
PEPE left its mark on the meme coin frenzy before the period when meme coins on the Solana network took over the market, achieving an incredible price surge and leading the meme coin bull run.
Even after erasing a zero for a short time, PEPE experienced a sharp decline, causing significant losses for the latest investors. However, it is observed that investors who bought PEPE about a month ago are still making substantial profits.
As of the time of writing, PEPE has seen a 3.8% increase in the last 24 hours, trading at $0.000006994. Looking at the last 7 days, PEPE experienced a 14% decrease.
On the other hand, PEPE has performed better than expected in the last month, showcasing a full-blown show with a 481% increase.
In the coming days, if Bitcoin starts to rise again, the possibility of PEPE price rallying anew is a reality that investors should consider.
What’s the Dollar Value of Floki Coin?
On the other hand, Floki, one of the most notable cryptocurrencies in the meme coin craze, appears to have fallen, albeit not as sharply as PEPE. After a 0.8% drop in the last 24 hours, FLOKI is finding buyers in the $0.0001864 region.
FLOKI’s market capitalization also saw a similar decline, standing at $1.78 billion. Despite the price drop, the 24-hour trading volume for FLOKI increased by 26.8%, reaching $644 million, indicating a growing interest among investors.
Dogecoin Commentary
Dogecoin, undisputedly at the top of the meme coin market by capitalization, seems to be having trouble as well. DOGE was recently overtaken by AVAX and is currently ranked 10th in market cap as of the time of writing.
At the time of writing, DOGE is trading at $0.1339 after a 6% decline. However, it is also observed that DOGE has increased by 51% over the last 30 days.
Although DOGE’s price has fallen, like FLOKI, there has been an increase in trading volume. The 57% increase in trading volume over the past 24 hours has pushed DOGE’s 24-hour trading volume past $2.7 billion.
This increase in volume could be interpreted as investors’ action to buy at lower levels or, conversely, it might mean that investors are selling after deeming their profits sufficient.
