Recently, the hype around meme coins seems to have cooled down quite a bit. Coins like $DOGE , $SHIB , and $WIF , which were once extremely popular, have been continuously dropping lately. The entire market appears to be quite dull, and people's attention has begun to shift.
Especially with that report from Santiment, which said that people's interest in these meme coins is now quite low. This raises some doubts in my mind: have the glory days of meme coins come to an end?
Look at DOGE, SHIB, and WIF; they have had a terrible week with significant losses. Moreover, Santiment also found that now people prefer to focus on other altcoins, and enthusiasm for meme coins has noticeably cooled.
With the market becoming increasingly unstable, especially with the ups and downs of major altcoins, people are even less willing to touch meme coins.
On the other hand, Bitcoin seems to be gaining attention again. However, some believe that DOGE still has potential for the future. For example, Ali Martinez boldly predicts that Dogecoin could rise to $18!
SHIB is also looking quite green today, but at least there's good news: its burn rate has surged, which might make it more valuable in the future.
Additionally, some believe that Shiba Inu could rise to $0.00005816. While WIF is also dropping, there are predictions that it could rise to $6.4 in the future, which brings some hope to the market.
Of course, not all meme coins are declining; take a look at PEPE and PENGU, which are still rising! So I believe that the trend of meme coins isn't completely over yet!
Are you stuck? When will be a good time to buy the dip? As always, if you're feeling lost and unsure of what to do, click on my profile and follow me.
