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

Meme Cryptocurrencies in the Red: Dogwifhat and Bonk Decline

user avatar

by Giorgi Kostiuk

a year ago

As Bitcoin, the largest cryptocurrency, sees growth, meme cryptocurrencies are losing value. Let's examine the market dynamics and expert opinions.

Decline of Meme Cryptocurrencies

The meme cryptocurrency segment lost over $100 million in capitalization in the last 24 hours. Among the 10 worst performers are Solana's Dogwifhat (WIF) and Bonk (BONK). Dogwifhat lost 2.8% over the past day, while Bonk decreased by 2.1%. Meanwhile, Peanut the Squirrel (PNUT) dropped 3% in market cap.

Traders on Meme Cryptocurrencies Growth Prospects

Despite the overall decline, some meme cryptocurrencies are showing growth. SPX6900 and ai16z rose by 20% and 21% respectively in market capitalization. Renowned trader Henrik Zeberg is optimistic about the future growth of meme cryptocurrencies and believes they are in a consolidation phase.

Memes are consolidating... they should explode at some point! Then we hang on for dear life!Henrik Zeberg

Movement of Major Meme Cryptocurrencies

Dogecoin (DOGE), the largest meme cryptocurrency, is up by 2.5% and trades at $0.39 on major exchanges.

Meme cryptocurrencies continue to show mixed results in the market. Despite short-term declines, traders are anticipating possible vibrant growth in the future.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Pendle Price Shows Signs of Recovery with New Staking Model

chest

Pendle's price has risen by 9% as it introduces a new staking model, replacing long token locks with liquid staking.

user avatarMaria Gutierrez

AXSUSDT Breaks Out of Long-Term Bearish Channel

chest

AXSUSDT has broken above a long-term bearish channel, indicating a potential trend reversal with strong volume.

user avatarArif Mukhtar

AXSUSDT Tests Key Support Levels After Rally

chest

AXSUSDT is testing key support levels after a recent rally, with the previous resistance zone around 180-200 USDT now acting as critical support.

user avatarLuis Flores

UK Lawmakers Call for AI Stress Tests in Financial Sector

chest

A cross-party group of UK lawmakers is calling for regulators to implement AI-focused stress tests to prevent potential disruptions in the financial sector.

user avatarDavid Robinson

Impact of MakinaFi Hack on DeFi Landscape

chest

The recent hack of the MakinaFi protocol highlights systemic risks in decentralized finance and emphasizes the need for improved security measures.

user avatarZainab Kamara

Experts Clarify 7.5% VAT Application on Banking Services in Nigeria

chest

Experts clarify that the 7.5% VAT applies only to service fees, not to the actual money transferred or deposited.

user avatarSon Min-ho

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.