Top Meme Cryptos PEPE, DOGE, SHIB in Deep Red

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As a seasoned researcher who has witnessed the birth and growth of numerous cryptocurrencies, I find it both amusing and intriguing to see the ebb and flow of the meme coin market. Today, on its 11th anniversary, Dogecoin (DOGE) is struggling alongside its peers, such as Pepe (PEPE) and Shiba Inu (SHIB), in a sea of red. It’s like watching a group of party animals trying to sober up after a wild night out!

On December 6th, 2024, it’s a milestone birthday for Dogecoin (DOGE), the pioneer of memetic currencies, as it turns 11 years old! However, the meme coin market segment is currently showing weak performance, with many top players, including Dogecoin, among the leading losers.

DOGE, PEPE, SHIB: Top meme coins bleeding today

Over the past day, the leading meme-based cryptocurrencies are facing a significant market downturn. Notably, Dogecoin (DOGE), which turns 11 today, has dipped by nearly 3%. Among its main competitors, Pepe (PEPE) and Shiba Inu (SHIB) have experienced the most substantial declines.

Shiba Inu (SHIB) and Pepe (PEPE) dropped approximately 4% over the past day. Meanwhile, Peanut the Squirrel (PNUT) declined by 3.4%, causing it to fall out of the top 100 cryptocurrencies ranked by market capitalization.

Most notably, many top-tier meme cryptocurrencies aren’t keeping pace with their industry standard counterparts. To be exact, the overall value of the crypto market decreased by about 3.5% today.

The leading digital currency, Bitcoin, experienced a 3.2% decrease, thereby failing to maintain its record-breaking $2 trillion market cap. At the moment of reporting, Bitcoin was being traded for approximately $99,102.

Dogwifhat (WIF) breaks trend as Henrik Zeberg hints at rally coming

In contrast to larger meme coins, some lesser-known ones surprisingly thrived during market corrections.

In simpler terms, the popular and heavily hyped meme coin associated with Solana, often referred to as Dogwifhat, has seen a 5% increase in value within the past 24 hours. Overnight, its market capitalization surged by more than $200 million.

Confidently predicting a price rise, top trader Henrik Zeberg believes that the value of Dogwifhat (WIF) will increase significantly in the coming days.

The cat-themed cryptocurrency, Mog Coin (MOG), is approaching the list of top 100 digital currencies after experiencing a significant surge of 25% in value overnight.

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2024-12-06 19:03