Dogecoin, Shiba Inu, And Others Struggle As Meme Coin Market Cap Falls Below ...
The meme coin market is undergoing a dramatic downturn, with prominent cryptocurrencies like Dogecoin (DOGE), and Shiba Inu (SHIB) facing substantial decline. Due to the market volatility and broader decline, the total market capitalization of meme coins dropped below $40 billion, signaling a notable decrease in investors demand for these coins. Market Crash By Over […]
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Popular meme coin Shiba Inu has marked yet another milestone following its immense success this year. The meme coin which was created as a rival for top meme coin Dogecoin has found its way out of the shadow to its greatest rival. Now, Shiba Inu is standing on its own feet while making strides in […]
Back in 2021, at the height of the meme coin bull run, Shiba Inu ran over 7,000,000% to outperform the more established Dogecoin. This performance was achieved with the expectation that Shiba Inu was the “Dogecoin killer” and that the meme coin would eventually flip DOGE to become the leading meme coin. However, with the […]
Five months ago, the top meme cryptocurrencies by market valuation were valued at $33.7 billion and today, the meme coin economy is 55% lower, down to $14.9 billion on September 23. During the last month, dogecoin lost 12.8% in value, and shiba inu is down 19.4% against the U.S. dollar in 30 days. Dogecoin, Shiba Inu, Baby Doge Coin Dip Lower Losing Between 12.8% and 19.4% Today, the meme coin economy is worth nearly 15 billion U.S. dollars and out of dozens of meme tokens, 25 of them have the term “doge” in their name. 18 of the tokens have the name “shiba” and....
Dogecoin and Shiba Inu are still locked in a battle for dominance in the meme coin space. Both have had their time to shine this year and have brought tremendous gains to their community of supporters. Dogecoin was single-handedly responsible for the creation of the meme coin craze, from which Shiba Inu has greatly benefitted […]
Shiba Inu is popularly known as the “Doge Killer”. A term coined by the asset’s creator in the original announcement of the creation of the coin. Since then, the meme coin has gone head to head with Dogecoin over which is the better meme coin. Dogecoin has no doubt held its own against the then-newcomer […]