Wednesday, December 1, 2021

Meme Coin Market Cap Loses 3.5%, Top 2 Leaders Dogecoin, Shiba Inu Shed Billions – Market Updates Bitcoin News

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While crypto-asset markets have shed billions over the past week, the highest meme tokens cash by market capitalization have seen deeper losses than most cash. The high two meme digital belongings dogecoin and shiba inu have seen double-digit losses over the past seven days. The high meme tokens cash by market capitalization in the present day are value $60.7 billion dropping 3.5% in worth over the past 24 hours.

Dogecoin and Shiba Inu Lose Double-Digits Last Week

During the course of the yr, meme-based crypto belongings have been all the trend and lots of of them have gained vital worth in 2021.

The high two meme-based cryptocurrencies dogecoin (DOGE) and shiba inu (SHIB) have been as soon as high ten contenders when it comes to market capitalization. However, in the present day, after struggling some losses each dogecoin and shiba inu have dropped out of the highest ten standings.

Dogecoin (DOGE) is the biggest meme-based crypto asset when it comes to total valuation. DOGE can also be the eleventh largest market cap out of 10,975 cash in existence in the present day. The crypto asset has a market valuation of round $28.9 billion as dogecoin has shed 16.7% in worth over the past week.

Meme Coin Market Cap Loses 3.5%, Top 2 Leaders Dogecoin, Shib Inu Shed Billions
DOGE/USD on November 22, 2021.

Dogecoin commerce quantity has slid as effectively to $995 million DOGE swaps over the past 24 hours. DOGE is swapping for $0.220 per unit on the time of writing and is over 69% decrease than its all-time excessive (ATH).

DOGE captured an ATH of round $0.731 on May 8, 2021, round seven months in the past. Despite the losses dogecoin nonetheless instructions a 12-month return of round 6,200%.

Shiba inu (SHIB) in the present day is the twelfth largest market capitalization and the second largest when it comes to meme-based cash. SHIB has misplaced 18.1% over the past week and has a market valuation of round $23.8 billion. SHIB is down greater than 3% in the present day and is swapping for $0.00004395 per unit.

(*2*)
SHIB/USD on November 22, 2021.

The shiba inu worth in the present day is over 48% decrease than the crypto asset’s ATH on October 28, at $0.00008616. At the time of writing there may be $1.7 billion value of worldwide SHIB commerce quantity over the past 24 hours.

Despite being down in current occasions, 30-day stats present SHIB continues to be up 57%. Moreover, SHIB’s 12-month return can also be far bigger than DOGE’s with a 62,589,642% improve.

Not all meme cash have been below this week as a slew of lesser-known meme-based crypto belongings have seen double-digit beneficial properties.

Jomon shiba (JSHIBA), shih tzu (SHIH), shibance token (WOOF), the doge NFT (DOG), and dogebonk (DOBO) have jumped 11% to 84.4% over the past week. DOBO’s 84% beneficial properties made the meme forex the top-performing meme-based asset over the past week.

Tags on this story
crypto meme belongings, Dog Coins, Dog Tokens, Doge, dogebonk (DOBO), dogecoin, Dogecoin worth, Dogelon, Dogs, Elon Musk, Gains, GT Data, Jomon shiba, Meme Coins, shib, SHIB worth, shiba inu, Shiba Inu Gains, shibance token, shih tzu

What do you concentrate on the highest meme cash and the meme-based crypto-economy dropping worth in current occasions? Let us know what you concentrate on this topic within the feedback part under.

Image Credits: Shutterstock, Pixabay, Wiki Commons, tradingview,

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