Cryptocurrencies with high volatility, such as meme coins, continue to grow and gain market presence. Despite yesterday’s BTC rise, meme coins seemed to struggle. Let’s take a look at the current state of meme coins.
Shiba Coin Price in TL
Once known as the DOGE killer and occasionally ranking in the top 10 by market cap, SHIB had a significant rise in 2021 followed by a sharp decline. This decline caused a loss of confidence in meme coins across the market, especially since there were fewer meme coins at that time.
Currently, SHIB ranks second in market cap after DOGE, but its performance is not promising despite BTC’s rise. In the last 24 hours, SHIB has dropped by 2.46% and is trading at $0.00001702.
SHIB‘s 7-day performance shows a slight recovery, with a decline of only 0.60%.
Despite ongoing token burns intended to impact SHIB’s price and future, the large supply continues to raise concerns. Investors hoping for an all-time high and a significant price increase remain anxious.
In the SHIB/TRY pair, the price is trading at 0.0005583 TRY.
SHIB’s market cap has returned above $10 billion, but its trading volume remains low at $188 million.
PEPE Coin Price
Despite making headlines in the first half of June and achieving multiple all-time highs, PEPE seems to be struggling. PEPE has dropped by 6% in the last 24 hours and is trading at $0.00001138.
PEPE’s market cap remains below $5 billion, currently at $4.7 billion. However, its 24-hour trading volume has increased to $470 million, indicating growing interest.
Floki Analysis
Another older meme coin, FLOKI, has also experienced a decline. FLOKI’s price has dropped by 3.7% in the last 24 hours, trading at $0.0001687.
FLOKI has been frequently mentioned due to recent investments and token burns. Its market cap is $1.6 billion, and its 24-hour trading volume has increased by 19% to $186 million.
FLOKI, which has led price increases alongside PEPE and has risen over 500% in the past year, continues to be watched closely to see if it will reach new all-time highs and perform well in a bull market.
