🎉🎉Bad news about meme coins 🎉🎉
💥💥Meme money is one of the heaviest losers when Bitcoin price plummets below 65,000 USD!💥💥
In a red market, not only Bitcoin but also many other currencies are struggling. Meme coins and tokens, in particular, are suffering sharp declines after strong breakouts last week.
Despite hitting new highs late last year and early March, the meme coin is still subject to a significant correction today. However, its growth potential is still huge, with an increase of more than 3,400% over the same period last year.
Among the top coins and tokens, the biggest meme coins have had it harder than Bitcoin. #DOGECOIN, one of the leading digital assets, has dropped significantly after reaching its 2021 high last week. As well as its rival, the Shiba Inu, suffered major losses with a drop of nearly 7% on the day.
Even so, #Dogwifat—the coin with the biggest price gain of all cryptocurrencies just a week ago—has fallen more modestly than other meme coins, losing only about 1%.
But remember, meme coins and tokens are a risky group of assets, often highly volatile and can disappear completely. Please consider carefully before investing in them, especially when the market is fluctuating like today.
$BTC
