Crypto Blog
The meme coin sector has seen a significant downturn, with its market cap shrinking by around 5% in the past 24 hours.
Despite the downturn, the upcoming Bitcoin halving may trigger a rally, offering a potential rebound for meme coins due to their volatility and tendency to follow BTC’s price trends.The situation in the meme coin sector is even more adverse, with its market cap losing around 5% in the past 24 hours and currently equaling around $47 billion. The leading assets of that type – Dogecoin and Shiba Inu are down 27% and 22% on a weekly scale, respectively.
The few exceptions that have not plunged so substantially in the last seven days are the Solana-based meme coins – Slerf and Cat in a Dogs World .a 100% daily price spike, while its market capitalization briefly exceeded the $500 million mark. The rally happened shortly after the leading crypto exchange OKXWhile the current negative trends may discourage some traders, they should keep in mind that the meme coin sector is highly volatile and could experience a fresh resurgence in the near future.
The halving has been followed by a massive bull run for the primary cryptocurrency and the entire market in the previous years, with many analysts expecting the same scenario in the coming months. This could result in a rally for numerous altcoins and meme coins since they often follow the price trajectory of BTC.AI Will be One of those Areas Where Blockchain has Genuinely Improved: Flare Network’s CEO Hugo Philion One Weekly Email Can Change Your Crypto Life.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The Best Shiba Inu (SHIB) Alternatives in 2024: Meme Coin Deep DiveCrypto Blog
Read more »
Dogwifhat (WIF) Chasing After DOGE and SHIB: New Top Dog Meme Coin to Come?The Solana-based token, despite being 4 months old, is entering the elite meme coin scene.
Read more »
Meme Coin Massacre: WIF, BONK, PEPE, FLOKI, SHIB, and DOGE Plummet by Double DigitsCrypto Blog
Read more »
SHIB Burns Surge Drastically With 91 Million Coins Scorched by Mysterious WhaleMammoth SHIB burn rise detected, while meme coin's price has made another attempt to recover
Read more »
SHIB Burns On Fire As Price Gets on Verge of BreakoutThe SHIB community has succeeded in disposing of another large meme coin lump within 24 hours
Read more »
DONK.MEME Presale Goes Live: Is This The Next Solana's $BOME and DOGWIFHAT Meme Coin?DONK.MEME Presale Goes Live: Is This The Next Solana's $BOME and DOGWIFHAT Meme Coin?
Read more »