Top Meme Coins by Market Capitalization Shed Billions, DOGE Down 80% Since All-Time High – Market Updates Bitcoin News
As digital asset markets have shed vital worth over the last two weeks, the highest meme cash by market capitalization have dropped significantly in opposition to the U.S. greenback. The highest meme asset dogecoin has misplaced 23.9% during the last seven days, whereas shiba inu’s worth was lowered by 31.1% this week.
Dogecoin Down 80% Since All-Time Excessive, Shiba Inu Down 75% Since Excessive
On Monday, January 24, 2022, the highest meme cash by market capitalization have misplaced 3.1% during the last day. Presently, the myriad of meme tokens right this moment account for $36 billion of the $1.7 trillion crypto financial system. Dogecoin (DOGE) has misplaced 23.9% this previous week, and roughly 27.6% during the last month. To this point, dogecoin continues to be up 1,486% in opposition to the U.S. greenback since this time final yr.
Dogecoin’s market valuation of round $17.8 billion, is 1.05% of the crypto financial system’s total capitalization. The crypto asset’s 24-hour value vary has been between $0.143480 to $0.126030 per DOGE. The second-largest crypto-asset shiba inu (SHIB) is down 30.6% during the last seven days and 42.1% over the last month.
SHIB’s market valuation of round $$11.7 billion represents 0.68% of your entire crypto-economy on January 24. SHIB’s 24-hour value vary has been between $0.00002282 to $0.00001894 per unit. The mixed market caps of each DOGE and SHIB equate to $29.5 billion or 81.94% of the $36 billion meme coin financial system.
Dogecoin and shiba inu are usually not the one meme cash that noticed vital weekly dumps percentage-wise. Child doge coin (BABYDOGE) shed 32.5% this previous week and spell token (SPELL) misplaced 52.9% during the last seven days. Nonetheless, a comparatively unknown token referred to as boxer inu (BOXER) managed to climb 108.6% this week.
Beneath BOXER was the previous model of hotdoge (HOTDOGE), which gained 11.1% through the week. Vitoge, luni, and smugdoge additionally gained between 3% to 4.8% over the last week. Jomon shiba, cat token, and meta doge misplaced probably the most this week, shedding between 58% to 58.9% in worth in opposition to the U.S. greenback.
Rather a lot has modified within the final yr so far as meme cash are involved as dogecoin’s market cap was as soon as bigger than right this moment’s whole meme token financial system. The massive number of DOGE and SHIB clones could have additionally affected these two cash as individuals tried to search out the following dogecoin king. At the moment there are over two dozen meme cash with the time period “doge” concerned and one other two dozen with the time period “shib” concerned within the token’s identify.
What do you consider the meme coin financial system shedding signficant worth over the last seven days? Tell us what you consider this topic within the feedback part under.
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