• 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

Bitcoin and Ethereum ETFs Experience Major Capital Flows Amid Market Changes

chest

Bitcoin and Ethereum ETFs have experienced significant inflows and outflows influenced by macroeconomic factors and geopolitical tensions, with Bitcoin ETFs seeing a peak inflow of over $4.7 billion on April 6, 2023.

user avatarMaria Gutierrez

XRP and Solana ETFs Face Low Demand Amid Market Volatility

chest

XRP and Solana ETFs are facing low demand due to market volatility, with XRP attracting only $138 million and Solana just $1.169 million in inflows.

user avatarArif Mukhtar

CoW Swap Frontend Compromised, Users Advised to Stay Away

chest

CoW Swap, an Ethereum-based decentralized exchange aggregator, has warned users to avoid its protocol after its frontend interface was compromised.

user avatarDavid Robinson

Tether Launches Self-Custodial Digital Wallet TetherWallet

chest

Tether has launched a self-custodial digital wallet called TetherWallet, supporting USDT, USAT, Bitcoin, and XAUT, aimed at enhancing accessibility for mainstream users.

user avatarAndrew Smith

Senators Near Compromise on Stablecoin Yield Issue

chest

Senators negotiating the stablecoin yield issue are making progress, with a draft compromise expected to be released later this week.

user avatarJacob Williams

Bitcoin Surges Past $75,000 Mark Amid Rising Short Liquidations

chest

Bitcoin's price has risen to over $75,000, marking its highest level since early February, driven by significant short liquidations.

user avatarZainab Kamara

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.