In recent years, Dogecoin, Shiba Inu, and PEPE have dominated the memecoin market, attracting investor attention. However, recently their value has significantly declined. This article analyzes the current state of these memecoins.
Dogecoin: The Memecoin Pioneer
Dogecoin, which launched the trend of memecoins in the crypto space, is currently in a bearish trend. The current price is $0.2095, which is down 78% from the all-time high of $0.7376 reached on May 8, 2021. Indicators show that the coin is under the control of sellers, with key support at $0.14.
Shiba Inu: The Buzzing Star
Shiba Inu is also facing difficulties, trading at $0.00001142. Since reaching a peak of $0.00001271 in December 2024, the price has been declining. Recovery requires volume and a positive shift in market sentiment; otherwise, SHIB may face further declines.
PEPE: The Dominator
PEPE, while it showed substantial growth, is currently priced at $0.00000999 and is also in a downtrend. Charts indicate it may fall to $0.00000760. Current indicators confirm conditions for further decline.
Despite the downturn, DOGE, SHIB, and PEPE remain movements with armies of devoted supporters. Their story is not an end, but rather a significant decline. Predictions about their recovery remain uncertain.
