Torik Sh
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Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (51986077810) are the main meme coins in the market and have been seriously affected: DOGE and SHIB have fallen by more than 6%, while PEPE has dropped nearly 11%.
According to CoinMarketCap data, all meme coins have fallen by double-digit percentages over the past seven days after significant growth in recent months. The crash of meme coins followed a broader market collapse when Bitcoin (BTC) fell to a price level of $100,000, and Ethereum (ETH) was trading at $3,600.
However, meme coins are an integral part of the digital asset space and have a massive market capitalization of $117.4 billion. Thus, this could be a potential buying opportunity for the most effective meme cryptocurrencies, despite the broader market downturn. Notably, $24.8 billion worth of meme coins have been sold in the last 24 hours, and interest in the sector remains high.
Interestingly, the only meme coin that, at the time of writing, is showing a bullish trend is Pudgy Penguins ($PENGU ), which has skyrocketed by 549.42% over the past seven days and by 7.62% over the last 24 hours. At the time of writing, the digital asset is trading at $0.03221.
According to CoinMarketCap data, all meme coins have fallen by double-digit percentages over the past seven days after significant growth in recent months. The crash of meme coins followed a broader market collapse when Bitcoin (BTC) fell to a price level of $100,000, and Ethereum (ETH) was trading at $3,600.
However, meme coins are an integral part of the digital asset space and have a massive market capitalization of $117.4 billion. Thus, this could be a potential buying opportunity for the most effective meme cryptocurrencies, despite the broader market downturn. Notably, $24.8 billion worth of meme coins have been sold in the last 24 hours, and interest in the sector remains high.
Interestingly, the only meme coin that, at the time of writing, is showing a bullish trend is Pudgy Penguins ($PENGU ), which has skyrocketed by 549.42% over the past seven days and by 7.62% over the last 24 hours. At the time of writing, the digital asset is trading at $0.03221.
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