Today’s high meme cash have misplaced 4.8% in worth towards the U.S. greenback, because the crypto market carnage has wreaked havoc throughout your complete digital foreign money financial system. While dogecoin had an outstanding yr in 2021, over the previous 12 months, dogecoin misplaced 82.8% towards the USD.
DOGE Tapped an All-Time High a Year Ago Today, Meme Coin Value Is Down 82% Since That Point
Meme coin belongings are down this week following the remainder of the crypto financial 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%.
In the final day alone, the $28.3 billion price of meme tokens misplaced 4.8% in worth. DOGE misplaced 1.7% over the past seven days and this week SHIB has dropped by 6.8%. DOGE can be down 82.8% from the crypto asset’s all-time excessive on May 8, 2021, which was precisely a yr in the past right now.
At that point, 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 right now it’s down 78% since that value level. Both DOGE and SHIB make up many of the $28.3 billion meme token market capitalization by representing 95% with a mixed market valuation of round $26.9 billion right now.
Google Trends Data Shows Interest in Dogecoin and SHIB Is Low
While many 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. However, 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 have been all the fashion final yr, however curiosity appears to be dwindling quick. After hitting a Google Trends (GT) rating of 100 final May, this yr throughout the identical weekly timeframe, the search phrase “dogecoin” has scored a 3. SHIB hit a 100 in October and GT knowledge exhibits the search time period “SHIB” has scored a 4 this week, in accordance with worldwide statistics.
What do you concentrate on the meme coin market carnage and the shortage of curiosity in SHIB and dogecoin today? Let us know what you concentrate on this topic within the feedback part beneath.
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