Cryptocurrencies Show Mixed Performance Despite BTC Rise

Cryptocurrencies Show Mixed Performance Despite BTC Rise

Meme Coin Performance

Despite Bitcoin's recent growth, meme coins have exhibited varying performance.

Shiba Inu (SHIB)

SHIB, once considered a "DOGE killer," has experienced a significant decline since its 2021 surge. In the last 24 hours, SHIB has fallen by 2.46%, trading at $0.00001702. Its 7-day performance indicates a slight recovery, with a decline of only 0.60%.

Investors remain cautious due to concerns about SHIB's large supply and ongoing token burns. Its market cap has recovered above $10 billion, but its trading volume remains low at $188 million.

PEPE Coin (PEPE)

PEPE has also struggled despite recent all-time highs. In the last 24 hours, PEPE has dropped by 6%, trading at $0.00001138. Its market cap remains below $5 billion at $4.7 billion, but its 24-hour trading volume has increased to $470 million.

Floki Inu (FLOKI)

FLOKI has also experienced a decline, falling by 3.7% in the last 24 hours. It is currently trading at $0.0001687. FLOKI's market cap is $1.6 billion, and its 24-hour trading volume has increased by 19% to $186 million.

Investors are monitoring FLOKI to determine if it can reach new all-time highs and perform well despite the current market conditions.