đšđšWhy Are Dogecoin, Shiba Inu and Mem Tokens Not Rising? Analysts Announced!đ„đ„
After denied by Elon musk he does not Owen SHIB coin
These memes coins going to die further let me put some light on these coins
While the largest cryptocurrencies, Bitcoin and Ethereum, attracted the attention of investors with their performances, memcoins such as Dogecoin (DOGE) and Shiba Inu (SHIB) could not exhibit the expected performance.
Evaluating this situation at this point, Nansen analysts claimed that memecoins underperformed because investors focused on market leaders Bitcoin and Ethereum.
Speaking to The Block, Nansen analysts stated that it underperformed compared to BTC, ETH and rising altcoins in the same period.
Memecoins are currently extremely illiquid and volatile, with investor interest focused on BTC and ETH. âAside from Memcoins, much of the cryptocurrency market is still struggling with poor liquidity.
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