• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Examining the Memecoin Declines Over the Past Year

user avatar

by Giorgi Kostiuk

a year ago


  1. Introduction
  2. 52-Week Memecoin Declines
  3. Examples and Conclusions

  4. The past year has been particularly rough for memecoins, with the top 10 tokens in this category down by an average of 63.73% from their peak. Leading crypto analysis platform Lookonchain conducted an analysis of how memecoins have performed over the past 52 weeks, revealing their highest drawdowns and recovery levels.

    Introduction

    Lookonchain's platform released a detailed analysis showing how much major memecoins have dropped over the past year and providing insights into their current levels compared to their peak values.

    52-Week Memecoin Declines

    According to Lookonchain's data, the largest memecoins have fallen by an average of 63.73% from their peak values. Here are the details for the main memecoins:

    - $DOGE: -57.93% - $SHIB: -70.86% - $PEPE: -58.16% - $WIF: -70.93% - $BONK: -64.63% - $FLOKI: -65.97% - $BRETT: -62.59% - $POPCAT: -43.77% - $BOME: -79.48% - $MEW: -62.99%

    Examples and Conclusions

    One of the most notable examples is $BONK, which initially dropped by 96.63% but then recovered to a current level of 64.63% from the initial drawdown. This shows that despite significant declines, some memecoins can recover.

    In conclusion, the past year has been challenging for memecoins. While some have shown partial recovery, the overall market situation for these digital assets remains volatile.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Risks and Considerations for ASTER Trading Competition

chest

Traders considering participation in the ASTER competition are advised to understand the risks associated with futures trading, including leverage and funding rates.

user avatarZainab Kamara

Eligibility Criteria for ASTER Futures Trading Competition

chest

To qualify for the prize pool in the ASTER competition, participants must meet specific criteria including holding a minimum of 444 ASTER tokens, trading for over six days, and maintaining a position size over 30,000.

user avatarAyman Ben Youssef

ASTER Launches 12M Futures Trading Competition

chest

ASTER has launched a monumental futures trading competition with a 12 million prize pool, aimed at engaging serious crypto traders.

user avatarSon Min-ho

Google's Royal Hansen Advocates for Responsible AI Development

chest

Royal Hansen, Google's Vice President of Privacy, Safety, and Security Engineering, emphasizes the importance of responsible AI development in a statement to lawmakers.

user avatarKofi Adjeman

Sundar Pichai Warns of Potential AI Bubble Impact

chest

Sundar Pichai, CEO of Alphabet Inc, warns that a potential AI bubble could have widespread consequences for businesses.

user avatarTando Nkube

Whale Accumulation Signals Undervaluation of Bitcoin

chest

Whale accumulation suggests Bitcoin may be undervalued as its price drops, raising liquidity concerns among investors.

user avatarNguyen Van Long

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.