Türkçe
Español
Meme coins, often seen as the most volatile and risky side of cryptocurrencies, have experienced a decline today after a rise over the past two days. In addition to WIF and PEPE, which dominated the last two days with their rise, the market leader DOGE and its closest follower Shiba Inu (SHIB) have also seen a decline. So, how significant are these declines?
DOGE Coin Analysis
The pioneer and number one in terms of volume in the meme coin world, DOGE, seems to have lost its positive outlook today. An analysis of DOGE shows a 3.69% drop in the 24-hour price view, trading at $0.1226, which has worried investors.
DOGE’s 7-day price view turned negative today. The decline in DOGE during this period fell to $0.80, which also worried investors.
DOGE’s market volume had risen above $18 billion yesterday but later fell back to $17.7 billion. The 24-hour trading volume, which was $784 million yesterday, dropped to $515 million, indicating a significant decrease in market interest.
Shiba Coin Analysis
SHIB, once known as the DOGE killer, also seems to have been affected by the decline. SHIB price fell to $0.00001717 after a 3.97% drop in the last 24 hours. SHIB’s 7-day price movement indicated a 6.50% decline.
SHIB’s market volume fell to $10.11 billion after the price drop, while the trading volume dropped from $372.6 million to $208 million during this period.
PEPE Coin Decline
PEPE, which dominated last month, has given back some of its gains from the past two days. PEPE coin price fell to $0.0000126 after a 4.88% drop in the last 24 hours. Despite this, PEPE’s weekly outlook remained positive, with a rise of over 10%.
PEPE’s market volume remained at $5.3 billion, while the trading volume dropped sharply from $1 billion to $718 million.
WIF Drops Sharply
One of the most notable declines of the day occurred in Solana network’s WIF. WIF had risen above $2 after a 19% and 12% increase over the past two days. Despite a 5% drop today, it still remains at $2.02.
WIF’s market volume remains above $2 billion, while the trading volume is around $462 million.
