Immediately’s prime meme cash have misplaced 4.8% in worth towards the U.S. greenback, because the crypto market carnage has wreaked havoc throughout your entire digital foreign money economic system. Whereas dogecoin had an outstanding yr in 2021, over the previous 12 months, dogecoin misplaced 82.8% towards the USD.
DOGE Tapped an All-Time Excessive a 12 months In the past Immediately, Meme Coin Worth Is Down 82% Since That Level
Meme coin belongings are down this week following the remainder of the crypto economic system’s downward spiral. Statistics present that dogecoin (DOGE) has shed 14% in worth through the previous month and 30 day stats present shiba inu (SHIB) is down 24%.
Within the final day alone, the $28.3 billion value of meme tokens misplaced 4.8% in worth. DOGE misplaced 1.7% during the last seven days and this week SHIB has dropped by 6.8%. DOGE can also be down 82.8% from the crypto asset’s all-time excessive on Might 8, 2021, which was precisely a yr in the past at the moment.
At the moment, DOGE reached an ATH of round $0.731 per unit. Six months in the past, SHIB tapped an ATH at $0.00008616 per unit and at the moment it’s down 78% since that worth level. Each DOGE and SHIB make up a lot of the $28.3 billion meme token market capitalization by representing 95% with a mixed market valuation of round $26.9 billion at the moment.
Google Tendencies Information Reveals Curiosity in Dogecoin and SHIB Is Low
Whereas a lot of the meme coin economy has shed vital worth in latest occasions, a comparatively unknown meme token known as litedoge (LDOGE) has gained 400% this week. Poodl token (POODL) is up 34.2% and dogefi (DOGEFI) is up 27.3% through the previous seven days. Nonetheless, jejudoge (JEJUDOGE) has misplaced 44.6% this week, lets go brandon (LETSGO) is down 43.3%, and shiba fantom has shed 28.9% in worth towards the USD.
Meme tokens had been all the fashion final yr, however curiosity appears to be dwindling quick. After hitting a Google Tendencies (GT) rating of 100 final Might, this yr throughout the identical weekly timeframe, the search phrase “dogecoin” has scored a 3. SHIB hit a 100 in October and GT knowledge reveals the search time period “SHIB” has scored a 4 this week, based on worldwide statistics.
What do you concentrate on the meme coin market carnage and the dearth of curiosity in SHIB and dogecoin as of late? Tell us what you concentrate on this topic within the feedback part beneath.
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