Shiba

Bitcoin

PEPE

Shiba Inu

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-decline-draws-focus-to-meme-coins" data-wpel-link="internal">Bitcoin Decline Draws Focus to Meme Coins</a><br></p>
<p style="text-align: justify"><a href="https://en.bitcoinhaber.net/investment-expert-dan-tapiero-foresees-a-crypto-bull-market-with-no-major-bitcoin-plunge-expected" data-wpel-link="internal">Bitcoin</a>‘s price experienced a significant drop today, which has shifted investor attention towards meme coins, despite Ethereum-based ETFs failing to uplift the market. Additionally, Mt. Gox creditor payments have added to the downward pressure. Amidst Bitcoin’s downturn, meme coins also faced declines but remained a focal point for many traders.</p> 
<h2 id="what-is-happening-to-doge">What is Happening to DOGE?</h2> 
<p style="text-align: justify">Dogecoin (DOGE), a leading meme coin, saw its monthly gains erode with a 7.63% drop in the past 24 hours, bringing its price to $0.1302. Nevertheless, DOGE’s weekly performance still shows a 3.41% increase. Its market cap stands at $18.9 billion, though trading volume has significantly dropped by 43%, now at $1 billion. DOGE remains 86% below its all-time high of $0.7376, and investors continue to anticipate a return to these peak levels.</p> 
<h2 id="why-is-shib-falling-in-value">Why Is SHIB Falling in Value?</h2> 
<p style="text-align: justify">Shiba Inu (SHIB) also faced a downward trend today, with its price dropping by 4% within 24 hours to $0.00001708. Over the past week, SHIB has decreased by 12.45%, partly due to hacking incidents. Its market cap is at $10 billion, ranking it 13th, while its trading volume stands at $326 million. In the SHIB/TRY pair, the price is 0.0005644 TL.</p> 
<h2 id="pepe-s-market-behavior">PEPE’s Market Behavior</h2> 
<p style="text-align: justify">PEPE has shown resilience, with only a minor 0.88% drop in the last 24 hours, pricing it at $0.00001215. PEPE has performed strongly in recent months, even achieving all-time highs during bearish <a href="https://finance.coin-turk.com/" rel="nofollow noopener" target="_blank" data-wpel-link="exclude">market conditions</a>. Despite a subsequent pullback to $0.00001718, PEPE’s robust stance suggests potential for future price surges. Its market cap remains above $5 billion, with a trading volume of $1 billion.</p> 
<h3 id="meme-coin-takeaways">Meme Coin Takeaways</h3> 
<p style="text-align: justify"> – Dogecoin shows potential for recovery despite current declines.<br> – Shiba Inu faces challenges due to security breaches, impacting investor confidence.<br> – PEPE’s strong performance suggests it could lead future market rallies. </p> 
<p style="text-align: justify">The market’s current state indicates a significant shift in focus toward meme coins as Bitcoin’s price continues to fall. Investors are closely monitoring these assets, hoping for a recovery or potential gains <a href="https://newslinker.co/what-are-the-future-technologies/" target="_blank" rel="noopener nofollow" data-wpel-link="exclude">in the near future</a>.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/bitcoin-decline-draws-focus-to-meme-coins" data-wpel-link="internal">Bitcoin Decline Draws Focus to Meme Coins</a></h5>

Bitcoin Decline Draws Focus to Meme Coins

Table of Contents

BH NEWS

Other articles published on Jul 23, 2024

Digital Wallets in the UK Are Currently Reviewed as Risky by Regulators

The US SEC approves the first-ever Ethereum ETF, marking a major milestone

Gate.io Suspends Service for Japanese Users Due to Regulatory Demands

Santiment Commented: “The Last Time This Metric Was Seen In This Altcoin, There Was A 123 Percent...

Crypto Market Analysis: Top 5 Crucial Bitcoin Signals to Keep an Eye On

Viral BRC-20 Token 99Bitcoins To Go Live In August - Best Crypto To Buy Now?

Join our free newsletter for daily crypto updates!