💥 Market Bears Take Over Meme Coins
The temporary rise in cryptocurrencies and the ATH seen in PEPE may have led to bears taking over the market again. The negative outlook seen in meme coins in the last 24 hours has worried everyone, especially meme coin investors. So, how do the prices look at the peak of meme coins?
🔸 How Much is 1 DOGE in Dollars?
DOGE, the undisputed leader in terms of volume among meme coins, seems to be losing strength. This situation has caused SHIB to get closer to it. As of the time of writing, DOGE’s price has dropped to $0.1497 after a 3.93% decline in the last 24 hours.
The 7-day price movement for DOGE shows a 1.52% decline. DOGE’s market cap has fallen similarly to $21.6 billion, while its 24-hour trading volume was $1.376 billion, which means a 21% drop compared to yesterday.
🔸 SHIB Commentary and Price
While the SHIB Army’s questions about the Shiba Inu development team are increasing day by day, its approach to DOGE has created excitement.
As of the time of writing, SHIB is trading at $0.00002453 after a 2.86% decline in the last 24 hours. The 4.35% rise in the last 7 days has reduced the market cap difference between SHIB and DOGE to $7 billion. SHIB’s market cap is around $14 billion as of the time of writing.
SHIB’s 24-hour trading volume is below $1 billion, standing at $832 million as of the time of writing, which means a 19% drop compared to yesterday.
🔸 PEPE Moves Away from ATH
After a dream-like 2 days for PEPE Coin, things seem to have taken a turn. PEPE, which refreshed its ATH on May 15, seems to have started to decline again as of today. There were comments about some whales selling, which might have influenced the price drop.
As of the time of writing, PEPE is finding buyers at $0.00001006 after a 4.65% decline in the last 24 hours. It is already 13% away from its ATH of $0.00001156. Despite this, the over 17% increase in the last 7 days has been positively received by investors.
