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

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BH NEWS

Alte articole publicate pe 23 iul. 2024

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