WIF, BONK, PEPE prices crash – 📉 Here’s where the buy opportunity is

The prices of the buzzing meme coins cratered by double-digits in 24 hours - 📉

On-chain data showed that BONK might be the first mover out of the trio - 🚀

Can the developers do something? This is one question that might be rampant in the community of meme coins like dogwifhat [WIF], Bonk [BONK], and Pepe [PEPE] - 🤔

You might ask why. But without going too far, the condition of the crypto market answers it all - 💭

In the last 24 hours, the market experienced a massive correction - 📉

The market pulls the plug on the hype - 🚫

At press time, the price of WIF plunged by 13.17. Ethereum-based PEPE was not left out of the ambush, as its price decreased by a massive 17.02% - 📉

BONK, which had given Solana reason to celebrate at one point, lost 21.71% of its value - 📉

The recent decline could be attributed to the widespread profit-taking in the market - 💰

However, one question that could be running through the minds of traders is if the nosedive is a rare opportunity - 🤔

One metric that could tell if the decline presents a buy signal is the Social Dominance - 📊

This decrease was proof that the price collapse had made market participants take their eyes off the trio - 🤔

But in crypto, buying opportunities usually appear when a large part of the market is not looking in a certain direction - 🔄

Therefore, the declining Social Dominance could be profitable for participants looking to “buy fear and sell euphoria” - 💰

At the same time, that is not to say that WIF, BONK, and PEPE might not see further downsides - 📉

However, the state of BONK’s volume was different from that of WIF and PEPE - 🔄#HotTrends #BOME #Write2Eam #Avalanche" #ETHFI⁩ $BOME $BONK