Shiba

Crash

Memecoin

Bitcoin

Shiba Inu

<p>The cryptocurrency market saw its value plummet by nearly 30% at the start of August, and the hemorrhage seems far from over. Both Bitcoin and altcoins are struggling, and memecoins are no exception. With a drop in their market capitalization below the $40 billion mark, Dogecoin, Shiba Inu, and their counterparts see their popularity waver. But beyond the numbers, what does this really mean for investors?</p>
<h3 id="h-le-marche-des-memecoins-en-chute-libre"><strong>The Memecoin Market in Freefall</strong></h3>
<p>Three months ago, <strong>memecoins <a href="https://www.cointribune.com/en/memecoins-fueling-crypto-boom-post-bitcoin-halving/" target="_blank" rel="noopener noreferrer nofollow">exploded the crypto market</a> and proudly surpassed $62 billion</strong> in market capitalization, positioning themselves as the most dynamic sector in the crypto world. These digital currencies, born from internet jokes, have nonetheless seen <strong>their market capitalization collapse below $40 billion.</strong></p>
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<p><strong>Dogecoin,</strong> once the undisputed leader, <strong>has dropped by nearly 58%,</strong> while <strong>Shiba Inu</strong>, its loyal companion, <strong>has plunged by 70%.</strong> The market’s volatility has spared none of these cryptos, leading to a wave of disinterest among investors.</p> 
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<ul>
 <li>63.73%: This is the average decline of the top 10 memecoins in one year;</li>
 <li>Dogecoin: -57.93%;&nbsp;</li>
 <li>Shiba Inu: -70.86%;</li>
 <li>Bonk, once a rising star, has plummeted by 25%.</li>
</ul>
<p>As highlighted by an analyst named “<a href="https://x.com/crashiusclay69/status/1830329582937166115?s=46" target="_blank" rel="noopener noreferrer nofollow">Crash</a>“, <strong>the market has become saturated with ephemeral projects and excessive speculation.</strong> This correction, though painful, could be beneficial for a sector that has become unmanageable. “<em>Survival is already an achievement for a memecoin today,</em>” he notes.</p>
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     <p lang="en" dir="ltr">If ur a memecoin<br><br>Not dying is winning right now<br><br>99.9% of projects are being wiped out<br><br>Think (fill in the blank) <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f923.png" alt="🤣" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>All pretty much shit the bed str8 to zero <br><br>There’s no shame in shitting the bed when ur just a little baby coin <br><br>Baby’s can’t survive on their own<br><br>They need…</p>— Crash (@CrashiusClay69) <a href="https://twitter.com/CrashiusClay69/status/1830329582937166115?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 1, 2024</a>
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  Analysis on the fall of memecoins
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<h3 id="h-cryptos-et-l-illusion-de-la-stabilite"><strong>Cryptos and the Illusion of Stability</strong></h3>
<p>As the cryptocurrency market as a whole goes through a period of turbulence, <strong>altcoins are not left out.</strong> Despite a few sporadic jumps, the context remains uncertain.&nbsp;</p>
<p>Memecoins, with <strong>their extreme volatility,</strong> seem to accentuate this instability. Some observers even believe these tokens are delaying the arrival of altseason, the period when altcoins outperform Bitcoin in terms of performance. For others, <strong>these movements could reflect a necessary maturity phase</strong> in a still-young market.</p>
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<p>The poor performances of memecoins raise the question: is this a temporary adjustment or the end of a speculative bubble? The number of failing projects, associated with <strong>tokens without real utility,</strong> has significantly increased, rendering the prospects uncertain.&nbsp;</p>
<p>Despite everything, some continue to believe in a rebound, provided the market sheds its excesses and regains some discipline.</p>
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   Analysis of the price evolution of major memecoins – Source: CryptoRank
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<p>In any case, the idea that <a href="https://www.cointribune.com/en/crypto-memecoins-delay-altseason-heres-how/" target="_blank" rel="noopener noreferrer nofollow">memecoins seem to delay the much-anticipated altseason</a> with their poor performances is not without relevance in this tense crypto market context.</p>

Crypto: Memecoins In Crisis, Dogecoin And Shiba Inu Are Suffering Tremendously

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