Top Meme Coins by Market Capitalization Shed Billions, DOGE Down 80% Since All-Time High

As integer plus markets person shed important worth during the past 2 weeks, the apical meme coins by marketplace capitalization person dropped considerably against the U.S. dollar. The apical meme plus dogecoin has mislaid 23.9% implicit the past 7 days, portion shiba inu’s worth was reduced by 31.1% this week.

Dogecoin Down 80% Since All-Time High, Shiba Inu Down 75% Since High

On Monday, January 24, 2022, the apical meme coins by marketplace capitalization person mislaid 3.1% implicit the past day. Currently, the myriad of meme tokens contiguous relationship for $36 cardinal of the $1.7 trillion crypto economy. Dogecoin (DOGE) has mislaid 23.9% this past week, and astir 27.6% implicit the past month. To date, dogecoin is inactive up 1,486% against the U.S. dollar since this clip past year.

DOGE/USD regular chart.

Dogecoin’s marketplace valuation of astir $17.8 billion, is 1.05% of the crypto economy’s wide capitalization. The crypto asset’s 24-hour terms scope has been betwixt $0.143480 to $0.126030 per DOGE. The second-largest crypto-asset shiba inu (SHIB) is down 30.6% implicit the past 7 days and 42.1% during the past month.

SHIB’s marketplace valuation of astir $$11.7 cardinal represents 0.68% of the full crypto-economy connected January 24. SHIB’s 24-hour terms scope has been betwixt $0.00002282 to $0.00001894 per unit. The combined marketplace caps of some DOGE and SHIB equate to $29.5 cardinal oregon 81.94% of the $36 cardinal meme coin economy.

SHIB/USD regular chart.

Dogecoin and shiba inu are not the lone meme coins that saw important play dumps percentage-wise. Baby doge coin (BABYDOGE) shed 32.5% this past week and spell token (SPELL) mislaid 52.9% implicit the past 7 days. However, a comparatively chartless token called boxer inu (BOXER) managed to ascent 108.6% this week.

Below BOXER was the aged mentation of hotdoge (HOTDOGE), which gained 11.1% during the week. Vitoge, luni, and smugdoge besides gained betwixt 3% to 4.8% during the past week. Jomon shiba, feline token, and meta doge mislaid the astir this week, shedding betwixt 58% to 58.9% successful worth against the U.S. dollar.

A batch has changed successful the past twelvemonth arsenic acold arsenic meme coins are acrophobic arsenic dogecoin’s marketplace headdress was erstwhile larger than today’s full meme token economy. The ample assortment of DOGE and SHIB clones whitethorn person besides affected these 2 coins arsenic radical attempted to find the adjacent dogecoin king. Today determination are implicit 2 twelve meme coins with the word “doge” progressive and different 2 twelve with the word “shib” progressive successful the token’s name.

What bash you deliberation astir the meme coin system shedding signficant worth during the past 7 days? Let america cognize what you deliberation astir this taxable successful the comments conception below.

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