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When we look at the history of cryptocurrencies, it wouldn’t be wrong to say that one branch carries a very different mission from the others. Meme coins, starting with Dogecoin (DOGE), fully reflected the joke culture to the cryptocurrency world and even to the whole world. Following the emergence of DOGE, other meme coins also found their place in the market. So, what is happening in the leading meme coins in the market?
Shiba Coin Reviews
Shiba Inu (SHIB), positioned as Dogecoin’s biggest competitor, doesn’t seem to be doing well. Investors continue to express their concerns about the project’s secretive creator, Shytoshi Kusama, with the meme coin ranked 11th in market size.
Yesterday, a famous Shiba Inu supporter claimed to have very confidential information about the project, but could not share it for the future of the project.
Amid all these, eyes turned to the price of SHIB. SHIB fell in line with the general market downturn, with a nearly 5% drop bringing the price down to $0.00002301.
Additionally, SHIB’s market volume dropped to $13.5 billion, and its 24-hour trading volume fell to $416 million after a 29% drop.
Current Status of Pepe Coin Price
The leader of frog-themed meme coins, and also a close follower of DOGE and SHIB, PEPE seems to be doing better despite today’s drop compared to its ATH level.
In recent months, PEPE reached its ATH at $0.00001074 and then fell, currently standing 25% below this level.
PEPE found buyers at $0.000007975 after an approximately 8% drop in the last 24 hours. Following this price movement, its market volume fell below $3.5 billion, and its trading volume dropped to $700 million after a 27% decrease.
What is Floki’s Price Now?
FLOKI, one of the standout cryptocurrencies of the last bull run, was among the falling meme coins today.
As of writing, FLOKI’s price has dropped 5.88% in the last 24 hours to $0.00001074, showing it is 50% below its ATH.
FLOKI’s market volume is $1.65 billion, while its trading volume has dropped over 40% to just $128 million, reflecting a loss of investor interest.
Bonk Coin Price Outlook
BONK, the undisputed star of 2023, marked last March with a sharp price drop but managed to stay afloat with a slight rise of just over 2% in the last month.
BONK’s rate for the last seven days was a positive 5%, while the last 24 hours saw a nearly 6% drop, pointing to a price level of $0.00002391.
Following this drop, BONK’s market volume fell to $1.5 billion, and like FLOKI, its trading volume after a 40% drop reached $193 million.
