Shiba

Dogecoin

Shiba Inu

Mog Coin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/shiba-inu-and-dogecoin-experience-declines/" data-wpel-link="internal">Shiba Inu and Dogecoin Experience Declines</a> 
According to <a href="https://newslinker.co/how-does-artificial-intelligence-work/" target="_blank" rel="noopener" data-wpel-link="exclude">data</a> provided by CoinGecko, Shiba Inu and Dogecoin are among the leading cryptocurrencies that have lagged behind in terms of gains. The two popular memecoins experienced declines of 3.5% and 2.5% respectively. In comparison, Bitcoin fell by 0.9% during the same period, while other major cryptocurrencies like XRP continue to trade in the green. 
<h2 class="p1" style="text-align: justify" id="current-state-of-the-memecoin-sector">Current State of the Memecoin Sector</h2> 
The entire memecoin sector is currently in the red, with dogwifhat (WIF) experiencing a drop of up to 6%. Each memecoin with a market cap of over $1 billion has recorded significant losses in the last 24 hours. Bonk (BONK) and Brett (BRETT) also fell by more than 5%. Pepe (PEPE) and Floki Inu (FLOKI) are down by 3.1% and 4.9% respectively. 
Mog Coin (MOG) managed to achieve a modest price increase, rising by 1.7%, becoming the only popular memecoin project to do so. Despite the poor performance of top-tier memecoin projects, they are still in better shape compared to celebrity-themed tokens. 
After seeing their prices rise and making headlines in June, most celebrity-themed tokens have fallen by more than 90% as expected. Iggy Azalea’s MOTHER token dropped by more than 70%. During this period, the crypto sector was also attacked by bad actors impersonating celebrities like 50 Cent, causing many <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> to lose interest in the market. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-374576 size-full" src="https://coin-turk.com/wp-content/uploads/2024/07/cg.png" alt="" width="2657" height="610"> 
<h2 class="p1" style="text-align: justify" id="what-s-happening-on-the-doge-front">What’s Happening on the DOGE Front?</h2> 
Earlier this week, popular <a href="https://en.coin-turk.com/inj-coin-shows-potential-for-growth/" data-wpel-link="internal">crypto analyst</a> Ali noted that Dogecoin is in an upward trend after a consolidation period. The analyst mentioned that he bought more DOGE and predicted the same scenario would occur again. 
DOGE has risen by up to 14% in the last two weeks. However, the leading memecoin project is still trading 82.2% below its record high achieved during the 2021 bull run. The project, particularly associated with <a>Elon Musk</a>, continues to lose popularity as the famous individual’s posts lose their impact. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-374575" src="https://coin-turk.com/wp-content/uploads/2024/07/ali-1.png" alt="" width="500" height="505"> 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/shiba-inu-and-dogecoin-experience-declines/" data-wpel-link="internal">Shiba Inu and Dogecoin Experience Declines</a></h5>
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Shiba Inu and Dogecoin Experience Declines

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