Meme Token Carnage — DOGE, SHIB Prices Sink Lower, Dogecoin Down 82% Since Last Year

Today’s apical meme coins person mislaid 4.8% successful worth against the U.S. dollar, arsenic the crypto marketplace carnage has wreaked havoc crossed the full integer currency economy. While dogecoin had a phenomenal twelvemonth successful 2021, implicit the past 12 months, dogecoin mislaid 82.8% against the USD.

DOGE Tapped an All-Time High a Year Ago Today, Meme Coin Value Is Down 82% Since That Point

Meme coin assets are down this week pursuing the remainder of the crypto economy’s downward spiral. Statistics amusement that dogecoin (DOGE) has shed 14% successful worth during the past period and 30 time stats amusement shiba inu (SHIB) is down 24%.

DOGE/USD regular illustration connected May 8, 2022.

In the past time alone, the $28.3 cardinal worthy of meme tokens mislaid 4.8% successful value. DOGE mislaid 1.7% implicit the past 7 days and this week SHIB has dropped by 6.8%. DOGE is besides down 82.8% from the crypto asset’s all-time precocious connected May 8, 2021, which was precisely a twelvemonth agone today.

SHIB/USD regular illustration connected May 8, 2022.

At that time, DOGE reached an ATH of astir $0.731 per unit. Six months ago, SHIB tapped an ATH astatine $0.00008616 per portion and contiguous it’s down 78% since that terms point. Both DOGE and SHIB marque up astir of the $28.3 billion meme token marketplace capitalization by representing 95% with a combined marketplace valuation of astir $26.9 cardinal today.

Google Trends Data Shows Interest successful Dogecoin and SHIB Is Low

While astir of the meme coin economy has shed important worth successful caller times, a comparatively chartless meme token called litedoge (LDOGE) has gained 400% this week. Poodl token (POODL) is up 34.2% and dogefi (DOGEFI) is up 27.3% during the past 7 days. However, jejudoge (JEJUDOGE) has mislaid 44.6% this week, lets spell brandon (LETSGO) is down 43.3%, and shiba fantom has shed 28.9% successful worth against the USD.

Google Trends (GT) information connected May 8, 2022.

Meme tokens were each the rage past year, but involvement seems to beryllium dwindling fast. After hitting a Google Trends (GT) people of 100 past May, this twelvemonth during the aforesaid play timeframe, the hunt operation “dogecoin” has scored a three. SHIB deed a 100 successful October and GT information shows the hunt word “SHIB” has scored a 4 this week, according to worldwide statistics.

What bash you deliberation astir the meme coin marketplace carnage and the deficiency of involvement successful SHIB and dogecoin these days? Let america cognize what you deliberation astir this taxable successful the comments conception below.

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