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Dogecoin and Shiba Inu: Huge Drops
Meme coins, like Dogecoin and Shiba Inu, misplaced a variety of worth in 2023. Dogecoin began the yr value $10.83 billion. Now, it’s value $8.37 billion. That’s a drop of $2.46 billion. Even with this drop, Dogecoin remains to be an enormous a part of the meme coin world. Shiba Inu additionally misplaced worth, dropping by about $1.22 billion since January.
Pepe: A Vivid Spot
Whereas many meme cash misplaced worth, Pepe (PEPE) did nicely. It added $284 million to its worth. Now, it’s the third Most worthy meme coin.
Modifications within the Meme Coin World
9 months in the past, all meme coins collectively had been value $16.9 billion. Now, they’re value $13.7 billion. That’s a drop of 18.93%. Some cash, like Dogelon Mars (ELON), misplaced a variety of their worth. However Pepe, which got here out in April 2023, did nicely at first after which misplaced some worth.
Buying and selling and How Cash Did
Of all the cash spent on crypto, solely a small half was spent on meme cash. On October 15, 2023, meme cash made up 1.824% of all crypto trades. Some meme cash did nicely, like arbdoge ai and kishu inu. Others, like meta doge and mog coin, didn’t do nicely.
What’s Subsequent for Meme Cash?
Meme cash will be dangerous. Some do nicely, and others don’t. It’s exhausting to say what is going to occur subsequent, nevertheless it’s all the time fascinating to look at.
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