Dogecoin (DOGE) – the most famous and valuable meme coin – has fallen to its lowest price in a month, declining even more than Bitcoin and XRP as the market sharply dropped following news from the FED.
DOGE Decreased the Most Among the Top 10
The current price is $0.2975, down 19% in the last 24 hours and 24% in the past month.
This is the lowest price since November 10, when DOGE surged thanks to the post-election effect, peaking at $0.48 – the highest in three years.
Meme Coins Drowning in Difficulty
Besides Dogecoin, other meme coins are also suffering significant losses:
Shiba Inu: Decreased 16%.
Pepe (PEPE): Decreased 17%.
Dogwifhat (WIF): Decreased 18%.
Bonk (BONK) – Solana ecosystem token, has the lowest decrease at 9%, thanks to being listed for trading on Robinhood on Thursday.
Fartcoin (FARTCOIN) – a recent viral phenomenon, unexpectedly increased by 8%, reaching a price of $1.25 and hitting a new peak of $1.29 on Thursday night.
Situation of Major Coins
Bitcoin (BTC): Decreased 7% in the last 24 hours, down to $95,480, just three days after reaching a new peak above $108,000.
Ethereum: Lost 10%, now at $3,330.
Solana (SOL): Decreased 10%, now at $189.
XRP: Decreased 9%, now at $2.18.
Market Shocking Liquidation
In the past 24 hours, the market has witnessed over $1.4 billion in liquidations, according to data from CoinGlass.
Long positions (expecting price increases) account for up to $1.2 billion, indicating the severe losses traders are facing amid the market downturn.
Conclusion
Dogecoin and other meme coins are going through a rough patch as widespread selling pressure affects the entire crypto market. Nevertheless, the emergence of phenomena like Fartcoin shows that the market still harbors unexpected opportunities, especially for risk-taking investors.
