• 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

2 years 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

Surge in Stablecoin Activity Highlights Solana's Role in Digital Finance

chest

The Solana network is gaining attention due to a significant increase in stablecoin activity, showcasing its role as a hub for on-chain liquidity and digital finance transactions.

user avatarMohamed Farouk

Joe Weisenthal Analyzes Crypto's Struggles Amid Market Boom

chest

Bloomberg's Joe Weisenthal analyzes the challenges facing the crypto market, arguing it is in the coldest crypto winter ever, while other sectors thrive.

user avatarElias Mukuru

Solana Experiences Unprecedented Eight Consecutive Red Monthly Candles

chest

Solana has printed eight consecutive red monthly candles, indicating a prolonged slump and a potential for a sharp rebound after the ninth red candle.

user avatarDiego Alvarez

Ethereum Breaks Above Key Moving Averages, Signaling Potential Shift in Momentum

chest

Ethereum has broken above its 4-hour 200 MA and 200 EMA for the first time since April, indicating a possible shift back to bullish momentum.

user avatarKenji Takahashi

XRP Ledger Sees Unprecedented Growth in Tokenized Assets

chest

The XRP Ledger has seen significant growth in tokenized assets, increasing from 900 million to nearly 4 billion in just five months, with a 1379% rise in the last 30 days.

user avatarMaria Fernandez

Mastercard Expands Global Settlement Infrastructure to Support Crypto Transactions

chest

Mastercard announced a significant expansion of its global settlement infrastructure to enable on-chain settlement using regulated stablecoins, allowing card transactions to settle 24/7.

user avatarGustavo Mendoza

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.