Release: 2024/12/07 03:04 Reading: 680
Meme Coins Languish on Dogecoin's Anniversary
On December 6, 2024, Dogecoin (DOGE), the pioneering meme cryptocurrency, marked its 11th anniversary. However, the meme coin segment overall has been underperforming, with its top representatives among the biggest losers.
Leading Meme Coins Suffer Losses
Over the past 24 hours, the largest meme coins by market capitalization have endured a significant market correction. Dogecoin (DOGE), the top meme coin celebrating its anniversary, has declined by nearly 3%. Its primary competitors, Pepe (PEPE) and Shiba Inu (SHIB), have been hit the hardest.
Image: Coingecko
Both Shiba Inu (SHIB) and Pepe (PEPE) have shed approximately 4% over the last day. Peanut the Squirrel (PNUT) has plummeted by 3.4%, falling out of the top 100 cryptocurrencies by market cap.
As a result, the majority of the largest meme cryptocurrencies have underperformed compared to the broader market. Collectively, the cryptocurrency segment has lost 3.5% of its capitalization today.
Bitcoin Struggles, Dogwifhat Bucks the Trend
Bitcoin (BTC), the dominant cryptocurrency, has dropped by 3.2%, slipping below its $2 trillion market cap milestone. At the time of writing, BTC is trading at $99,102.
In contrast to the general market downtrend, some smaller meme coins have managed to gain traction. Dogwifhat (WIF), Solana's overhyped meme coin, has surged by 5% in 24 hours. Its market capitalization has increased by over $200 million overnight.
Top trader Henrik Zeberg predicts a bullish future for Dogwifhat (WIF).
Image: X
Mog Coin (MOG), a prominent cat-themed cryptocurrency, is approaching the top 100 with an impressive 25% gain overnight.
Original article: U.Today
We are building the most influential,trusted information platform for aglobal community engaged in thd transformation of the financial system andthe emerging crypto economy.PEPE is an integrated platform for media,events,data & indices for the next generation fo investing and the future of money.
Get in touch with the PEPE team at admin@pepecoinbuy.com