Categories: Market

Bad luck surrounds the meme coin as SHIB, DOGE, and FLOKI lose an average of 8% for the day

Coin memes like SHIB, DOGE and FLOKI have not escaped the sell-off in the crypto market, with average losses of 8% and even stronger downtrends when they peak locally.

Shiba Inu cannot recover

After the retracement began to slow and the SHIB began to consolidate around the $ 0.00005 area, many Shiba Inu market participants hoped that it would continue to break out of the consolidation range and hit new highs, a 20-day low.

Source: TradingView

At press time, SHIB has lost more than 40% of its previous profits, although on-chain and forest dates show that investors are still interested in buying more tokens.

Dogecoins fight

Unfortunately, while DOGE is still the oldest dog-themed digital asset, it has struggled to get positive results and move around for the past 100 days.

Source: TradingView

Dogecoin’s recent price action largely followed the market with a loss of nearly 8% in the past 24 hours.

Floki is about to lose his position

Floki was developed as the third largest meme coin in the market and should have been SHIB’s main competitor, but unfortunately it has not shown an impressive market performance since the last ATH.

Source: TradingView

In the past two weeks, Floki has lost 41% of its value and is down 48% from its most recent ATH. Floki has had six consecutive red candles since November 12th.

Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews

Annie

According to U.today

Follow the Youtube Channel | Subscribe to telegram channel | Follow Facebook page

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

Recent Posts

The New Lead of Presidential Crypto Council Appointed by Trump Is Bo Hines

President-elect Donald Trump named Bo Hines as the executive director of the presidential crypto council.

15 minutes ago

Best New Meme Coins with 1000X Potential: BTFD Coin’s Hot BIG50 Discount As Baby Doge Coin, Dogs Takes Gaming to the Next Level

Explore the best new meme coins with 1000X potential. Learn how BTFD Coin leads with…

1 hour ago

BlockDAG Surges Past $170M as BDAG250 Bonus End Countdown Begins – Aave Targets $400 & Solana Shines with Scalability

BlockDAG crosses $170.5M in presale success with BDAG250 bonus and Whitepaper V3 launch! Solana grows…

3 hours ago

Qubetics Presale Price Surge Approaches: The Best Coins to Invest in Right Now While Toncoin, and XRP Gain Traction

Discover why Qubetics, Toncoin, and XRP are the best coins to invest in right now.…

3 hours ago

Book of Meme Old News? This Best Meme Coin to Invest in 2024 Is Multiplying Gains Like a Champ

Over the years, meme coins have evolved from inside jokes into serious investment opportunities.

4 hours ago

Time’s Ticking on BlockDAG’s 5-Tier Bonus- Few Days Left to Grab It While Cardano Whales Take Action, Aave Rallies Strong

Discover BlockDAG's five-tier bonus program's closing phases that enhance buyer holdings. Gain insights on the…

5 hours ago

This website uses cookies.