Bitcoin has hit a new all-time high of $107,487. Meanwhile, meme coins such as Dogecoin and Shiba Inu failed to follow suit, leaving investors pondering the next steps.
Bitcoin's New Peak
Yesterday, Bitcoin reached a new record high, trading at $107,487. This has sparked significant interest among investors and the broader crypto community.
Weakness in Meme Coins
Dogecoin, the largest meme coin by market cap, is trading at $0.3869, reflecting a 4.1% loss in the last 24 hours. Analyst Diana Fuman points to weak adjustment in Dogecoin at its current price. Similarly, Shiba Inu has dropped 5.0% to $0.00002592. Analyst Natalie Dormer suggests the potential for further price decline for SHIB.
Market Uncertainty
The outlook for meme coins remains uncertain with potential for further decline. Despite Bitcoin's achievements, meme coins continue to fluctuate and show weak performance.
The cryptocurrency market remains diverse and volatile. Despite Bitcoin's record achievements, meme coins continue to face challenges.
