• 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

Shiba Inu Exchange Balances Decline Significantly

chest

Shiba Inu balances on Binance have reportedly fallen by 1101 trillion SHIB over the past month, raising concerns and interest among traders.

user avatarMaria Gutierrez

Capital B Secures Shareholder Approval for Aggressive Bitcoin Treasury Strategy

chest

Capital B has received shareholder backing for a significant Bitcoin treasury financing plan, allowing the company to raise capital for future BTC accumulation.

user avatarAndrew Smith

Capital B Aims to Become Major European Bitcoin Treasury Company

chest

Capital B is positioning itself as a European corporate Bitcoin treasury vehicle with a long-term goal of acquiring 1% of Bitcoin's circulating supply by 2033.

user avatarDavid Robinson

Morgan Stanley Proposes Low-Fee Ethereum and Solana ETFs

chest

Morgan Stanley has proposed low-fee Ethereum and Solana ETFs with a 0.14% annual sponsor fee, retaining 95% of staking rewards for investors.

user avatarJacob Williams

AllUnity Expands Europe's Stablecoin Market with SEKAU

chest

AllUnity has launched SEKAU, a Swedish krona-backed stablecoin designed for institutional settlement and digital payments under the EU's MiCA framework.

user avatarZainab Kamara

Safety Tips for Crypto Users Amid Malware Threat

chest

Microsoft provides practical safety tips for cryptocurrency users to avoid falling victim to clipboard malware.

user avatarAyman Ben Youssef

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.