One of the wildest aspects of cryptocurrencies, known for their extreme volatility, is meme coins. Observing the market peak, the general decline in meme coins like DOGE, SHIB, and BONK has alarmed investors.
What is the Current Price of DOGE?
Things are not going well for DOGE, which sits at the top of the meme coin market. After surpassing $0.1, DOGE rapidly rose and then visibly fell, causing significant concern among investors over the last 24 hours.
Following a 1.46% drop, DOGE’s price became $0.1219. Although the last hour showed a positive shift of 0.42%, the 7-day indicators still point to a 2.89% decline.
DOGE’s market cap is at $17.6 billion, keeping it at the top with an $8 billion lead. The 24-hour trading volume was $462 million.
There is still hope that DOGE might be included in payment systems on Platform X and receive greater support from Elon Musk. Whether the price will return to its all-time high remains a topic of speculation.
What is the Price of Shiba Coin in TL?
The price decline of SHIB, the second-largest meme coin by volume, seems to be deepening. In the last 24 hours, SHIB’s price dropped by 1.55%, falling below $0.00001700.
SHIB‘s 7-day price recovery also appears to have ended. The neutral outlook in the 7-day indicators has turned into a 4% decline, continuing to worry investors.
SHIB/TRY pair shows a price of 0.00055420 TRY. This price level also emerged following the decline, similar to the USD side.
SHIB’s market cap has fallen below $10 billion again, currently standing at $9.96 billion. The 24-hour trading volume continues to decrease, now at $182 million, a level not seen in a long time.
BONK Coin Commentary
BONK, which made a significant impact last year and dominated the market in March, has seen a price drop today, disappointing investors. Although a 1.34% increase in the last hour indicates a slight recovery, the 24-hour indicators show a 4.91% decline.
After the drop, the price stands at $0.00002501. Despite the 24-hour decline, the 7-day indicators still show a 10% increase.
BONK made a notable impact in 2023, especially with the airdrop that came with Solana Saga phones, which kept the market busy for a long time. The airdrop’s value being higher than the phone itself caused a significant stir.
As of the time of writing, BONK’s market cap has fallen to $1.7 billion, placing it at 50th position. On the other hand, the 24-hour trading volume is at $309 million, indicating a 10% decline.
