Dogecoin

dogwifhat

Shiba Inu

Mog Coin

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<p dir="ltr">According to&nbsp;<a href="https://www.coingecko.com/en/categories/meme-token" rel="noopener noreferrer nofollow">data</a> provided by CoinGecko, Shiba Inu (SHIB) and Dogecoin (DOGE) are among the top laggards among leading cryptocurrencies. The two meme coins are down 3.5% and 2.5%, respectively.</p>
<p dir="ltr">For comparison, Bitcoin (BTC) is down 0.9% over the same period of time. Some other major cryptocurrencies, such as XRP, are currently in the green.</p>
<h2 id="meme-coins-in-red">Meme coins in red</h2>
<p dir="ltr">The entire meme coin sector is currently in the red, with dogwifhat (WIF) plunging by as much as 6%.</p>
<p dir="ltr">Every single meme coin with a market cap over $1 billion has recorded losses over the past 24 hours.</p>
<p dir="ltr">Bonk (BONK) and Brett (BRETT) have also slipped by more than 5%. Pepe (PEPE) and Floki Inu (FLOKI) are down 3.1% and 4.9%, respectively.</p>
<p dir="ltr">Mog Coin (MOG) is the only well-established meme cryptocurrency that has managed to record a modest price uptick (1.7%).</p>
<h2 id="celebrity-meme-coins-fade">Celebrity meme coins fade</h2>
<p dir="ltr">Even though blue-chip meme coins are underperforming right now, they are still doing just fine compared to celebrity meme coins.</p>
<p dir="ltr">After seeing their prices surge in June and attracting plenty of headlines, the prices of most celebrity-themed tokens (expectedly) ended up crashing by more than 90%. Iggy Azalea's MOTHER token is down more than 70%.</p>
<p dir="ltr">The niche crypto sector has also been tarnished by&nbsp;<a href="https://u.today/metallica-falls-victim-to-crypto-scam" rel="noopener noreferrer nofollow">bad actors</a> impersonating celebrities such as 50 Cent.</p>
<h2 id="doge-momentum">DOGE momentum?</h2>
<p dir="ltr">Earlier this week, cryptocurrency analyst Ali&nbsp;<a href="https://x.com/ali_charts/status/1816353688899969196" rel="noopener noreferrer nofollow">stated</a> that Dogecoin tends to have a rally after a period of consolidation. The analyst stated that he was buying more DOGE, implying that he anticipates the same scenario will play out this time around.</p>
<p dir="ltr">DOGE is up as much as 14% over the past two weeks. However, the leading meme coin is still down 82.2% from its record high that was achieved during the 2021 bull run.</p>

DOGE and SHIB Among Top Laggards as Crypto Market Remains in Red

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Alte articole publicate pe 28 iul. 2024

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