Dogecoin DOGE and Shiba Inu SHIB are shedding?

Specifically, the price of DOGE Dogecoin has dropped by more than 13%, and the current trading price per coin is US$0.1246, while the price of SHIB Shiba Inu has dropped by more than 14%, with the current value being US$0.00001857.

As memecoins fall victim to price corrections, their dominance in the market declines.

Well-known cryptocurrency analyst Ki Young Ju recently posted a tweet highlighting the waning dominance of meme coins over the past few months.

Despite the price decline, overall market sentiment for Shiba Inu SHIB and Dogecoin DOGE is gradually improving. This means that the bearish sentiment surrounding these meme coins in recent days is decreasing. In addition, their social media activity has also increased significantly, indicating that a wide range of investors are discussing Shiba Inu SHIB and Dogecoin DOGE.

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