Dogecoin’s Midlife Crisis & SHIB’s Awkward Phase: Why Everyone’s Crushing on Bitcoin Again

by

So, meme coins are having a little wobble. Dogecoin
DOGE – currently sitting at a gorgeous $0.16, bless its little digital heart.
24h volatility: 4.9% (someone’s had too much coffee ☕)
Market cap: $23.58 B (because the internet loves a joke… sort of)
Vol. 24h: $887.30 M (just a casual billion. No big deal.)

Shiba Inu (SHIB, obviously) still in its “puppy coin” era with a price so small you’ll need a microscope:
SHIB: $0.000012
24h volatility: 3.6% (for the risk-loving puppies)
Market cap: $7.02 B
Vol. 24h: $139.39 M (it’s cute, but it bites.)

Despite the world screaming “Crypto! Yay! 🚀”, DOGE is down 3.6% and basically just missed the train. For a coin that once soared on memes and Elon tweets, it’s now just sitting awkwardly in the corner like your aunt at a techno club.

SHIB? Same dance, different shoes. Down 2.5% to $0.000011, doing its best impression of a ghost at a billionaire’s party. Market cap’s still a whopping $7 billion, proving sometimes dogs do need diamond collars.

Here’s the kicker: meme coins as a species are collectively down 2.1% to $46 billion. Daily volume’s at $4.64 billion, which is basically just the universe reminding you that even jokes can get expensive.
Once upon a time (okay, Dec. 9, 2024), meme coins hit a wild $137 billion. That’s a 66% drop. They say what goes up must come down, but this is just embarrassing.

Meanwhile, the Mantra
– not to be confused with your ex’s “positive energy” phase –
(OM, $0.89) decided to practice freefall, crashing 90% and wiping out $5 billion. That’s more disappearing acts than my last three relationships.
24h volatility: 26.3% (drama queen settings ON)
Market cap: $797.17 M
Vol. 24h: $1.38 B

Oh and just to pour cold water on DOGE fans, Elon Musk – now the US Department of Government Efficiency’s benevolent overlord (sure, why not?) – announced zero plans to use Dogecoin. Plot twist: D.O.G.E. agency? Not a real thing. Sorry, folks.

Crypto Lives

While meme coins are eating their feelings, the global crypto market cap is actually up 0.9% to $2.7 trillion. It’s like Bitcoin’s throwing itself a party and didn’t invite the dog coins.

Introducing Bitcoin (BTC), the original crypto dad-joke.
BTC: $85,544
24h volatility: 0.5% (the chill dad in a room full of anxious hypebeasts)
Market cap: $1.70 T (that’s trillion, darling)
Vol. 24h: $28.02 B

In the last 24 hours, BTC grew 1%, cruising above $85,500 and flexing with a daily volume of $28.7 billion. Investors are actually moving their lunch money away from meme coins and into not-so-funny business.

Apparently, US-based spot BTC ETFs finally got inflows of $1.5 million on April 14. I sense bullish vibes – or at least, investors who gave up on “coin of the doge.”

The shrinking meme coin market cap and volumes might be investors’ way of saying, “no, really, I’m done with this circus… probably.” Supporting this dramatic exit, CoinMarketCap says Bitcoin dominance just hit 63%. We haven’t seen this much power imbalance since I tried to outdrink my sister at Christmas.

So, are meme coins dead? Nah – more like they’re quietly napping until the next billionaire with Twitter access starts barking.

Read More

2025-04-15 17:19