2 years ago
Five months ago, the apical meme cryptocurrencies by marketplace valuation were valued astatine $33.7 cardinal and today, the meme coin system is 55% lower, down to $14.9 cardinal connected September 23. During the past month, dogecoin mislaid 12.8% successful value, and shiba inu is down 19.4% against the U.S. dollar successful 30 days.
Dogecoin, Shiba Inu, Baby Doge Coin Dip Lower Losing Between 12.8% and 19.4%
Today, the meme coin economy is worthy astir 15 cardinal U.S. dollars and retired of dozens of meme tokens, 25 of them person the word “doge” successful their name. 18 of the tokens person the sanction “shiba” and 30 crypto meme coins person the word “dog” successful their name.
The oldest and largest meme crypto asset, successful presumption of marketplace capitalization, dogecoin (DOGE), is inactive a dense hitter successful the satellite of cryptocurrencies. DOGE is the tenth largest crypto coin by marketplace capitalization arsenic it’s valued astatine $7.97 billion. Out of the full meme token economy, dogecoin’s marketplace headdress is 53.48% of the $14.9 billion.
The 2nd largest meme token is shiba inu (SHIB) with its $6.33 cardinal marketplace valuation. SHIB’s marketplace headdress represents 42.48% of the full meme coin system and it’s ranked 13 among the 12,983 crypto assets successful existence. Between DOGE and SHIB, the 2 meme tokens predominate the $14.9 cardinal successful crypto meme coins by 95.96%.
Out of the full crypto system worthy $965 cardinal today, the DOGE and SHIB marketplace caps combined equate to 1.483% connected Friday, September 23, 2022. The 3rd largest meme coin plus is babe doge coin (BABYDOGE), but its marketplace headdress is overmuch smaller astatine $178.90 million.
BABYDOGE’s marketplace valuation equates to 1.2% of the full crypto meme economy. During the past 2 weeks, babe doge coin mislaid 3.3% and implicit the past month, the meme token is down 16.4%.
Five months ago, the meme coin system was successful overmuch amended standings and was coasting on astatine $33.7 billion astatine the time. Today, astatine $14.9 billion, the meme coin system has mislaid 55% successful USD worth since then.
While DOGE, SHIB, and BABYDOGE had a lackluster week, a fistful of meme tokens saw double-digit gains this past week. For instance, iotexshiba (IOSHIB) is up 48.3%, metadoge (METADOGE) has climbed 47.9%, and brag (BOSS) has risen 43.2% against the U.S. dollar successful 7 days.
In presumption of meme coin token losers this week, duckereum (DUCKER) mislaid 32.8%, shibaken concern (SHIBAKEN) shed 27.6%, and hoge concern (HOGE) is down 24.8%.
What bash you deliberation astir the meme coin economy’s caller terms action? Let america cognize what you deliberation astir this taxable successful the comments conception below.
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