Shiba

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Shiba Inu

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<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/cryptocurrency-investors-see-meme-coin-drops" data-wpel-link="internal" rel="noopener noreferrer nofollow">Cryptocurrency Investors See Meme Coin Drops</a><br></p>
<p style="text-align: justify">Meme coins, known for their high volatility and risk in the cryptocurrency market, have faced a decline today after gaining traction over the past two days. Both WIF and PEPE, which saw a surge recently, along with top meme coins like DOGE and Shiba Inu (SHIB), have experienced significant drops. The extent of these declines raises concerns among <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">investors</a>.</p>
<h2 id="how-serious-is-the-doge-decline">How Serious is the DOGE Decline?</h2>
<p style="text-align: justify">DOGE, the leading meme coin by volume, has lost its positive momentum. Analyzing the recent trends, DOGE has dropped 3.69% in the last 24 hours, trading at $0.1226. This decline has caused worry among investors. Additionally, DOGE’s 7-day price perspective turned negative, falling to $0.80.</p>
<p style="text-align: justify">The market volume for DOGE rose above $18 billion yesterday but later receded to $17.7 billion. Its 24-hour trading volume significantly decreased from $784 million to $515 million, indicating reduced market interest.</p>
<h2 id="why-is-shiba-inu-dropping">Why is Shiba Inu Dropping?</h2>
<p style="text-align: justify">Shiba Inu (SHIB), once dubbed the ‘DOGE killer,’ has also been affected by the recent decline. SHIB’s price fell to $0.00001717 following a 3.97% drop in the last 24 hours. Over the past week, SHIB’s price has decreased by 6.50%. The market volume for SHIB dropped to $10.11 billion, while trading volume decreased from $372.6 million to $208 million.</p>
<h2 id="key-insights-for-investors">Key Insights for Investors</h2>
<p style="text-align: justify">Investors can draw the following insights from recent market trends:</p>
<ul>
 <li>High volatility in meme coins necessitates careful monitoring of market movements.</li>
 <li>A drop in trading volume can indicate reduced investor interest and potential <a href="https://newslinker.co" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">future</a> declines.</li>
 <li>Comparison of short-term and long-term price trends is essential to gauge overall market health.</li>
</ul>
<p style="text-align: justify">PEPE, which led the market last month, has surrendered some of its recent gains. PEPE’s price fell to $0.0000126, down 4.88% in the last 24 hours. Despite this, PEPE maintains a positive weekly outlook with a rise of over 10%. Its market volume remains stable at $5.3 billion, though trading volume dropped significantly from $1 billion to $718 million.</p>
<p style="text-align: justify">WIF, part of the <a href="https://en.bitcoinhaber.net/solana-faces-price-drop" data-wpel-link="internal" rel="noopener noreferrer nofollow">Solana</a> network, saw one of the most notable declines today. After experiencing increases of 19% and 12% over the past two days, WIF fell by 5% but still trades at $2.02. Its market volume remains above $2 billion, with trading volume around $462 million.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/cryptocurrency-investors-see-meme-coin-drops" data-wpel-link="internal" rel="noopener noreferrer nofollow">Cryptocurrency Investors See Meme Coin Drops</a></h5>

Cryptocurrency Investors See Meme Coin Drops

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BH NEWS

Alte articole publicate pe 27 iun. 2024

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