As a seasoned analyst with extensive experience in the crypto market, I’ve seen my fair share of ups and downs. The recent performance of meme coins has been particularly intriguing, to say the least. Out of the 10 worst performing cryptocurrencies in the last week, an alarming three are meme coin majors: Dogwifhat (WIF), Floki (FLOKI), and Bonk (BONK).
Among the 10 cryptocurrencies that performed the worst in the past week, three are well-known meme coins: Dogewhiz (WIF), Floki Coin (FLOKI), and Bonk (BONK). These digital assets experienced double-digit percentage declines. Additionally, Shiba Inu (SHIB) and Dogecoin (DOGE) also suffered losses.
Dogwifhat (WIF) loses 25% of its value in just one week
As an analyst, I’ve noticed that Solana’s meme coin, Dogwifhat (WIF), experienced a significant price decrease of approximately 25% over the past week. Consequently, WIF’s capitalization has dipped below $1.8 billion, causing it to lose its position among the top 50 altcoins in the market.
Two notable meme coins, FLOKI and BONK, experienced significant setbacks along with numerous others during the recent downturn in the cryptocurrency market.
As an analyst, I’ve observed a significant decrease in FLOKI‘s price by 16.8%. Simultaneously, the total capitalization of coins has weakened and failed to maintain support above $1.65 billion. Notably, the market cap of Bonk (BONK) is on the brink of dipping beneath the $1.4 billion mark.
As a researcher studying the cryptocurrency market, I’ve observed that both Dogecoin (DOGE) and Shiba Inu (SHIB), the two leading meme cryptos, experienced significant losses over the past period. Specifically, DOGE decreased by approximately 8.7%, while SHIB saw a more substantial drop of around 12.8%. Notably, Dogecoin’s market capitalization is now only slightly larger than that of Toncoin (TON), suggesting that TON could potentially overtake DOGE as the ninth largest cryptocurrency by market cap.
In that time frame, Bitcoin (BTC) and Ethereum (ETH) experienced losses of 3% and 1.6%, respectively, whereas XRP‘s price grew by 0.8%.
DADDY vs. MOTHER rivalry enters new phase as Tate-associated coin jumps by 40%
As a researcher studying the meme coin market, I’ve observed that certain segments continue to experience significant growth. Star-themed meme cryptocurrencies linked to popular internet personalities have recently reported impressive price increases.
Andros Tate, also known as Daddy Tate (DADDY), is a meme coin on the Solana (SOL) blockchain with a small market capitalization. Notoriously influential social media figure Andrew Tate, dubbed the “King of Toxic Masculinity,” has shown support for this digital asset. The price of Daddy Tate experienced a remarkable surge of approximately 40% within a short period following a prolonged slump.
Daddy Tate (DADDY), who was once a prominent kickboxer, has not established any formal connections to Tate or his recognized representatives. Previously, he advocated for X (previously Twitter) as an substitution for Iggy Azalea’s coin MOTHER on this platform.
Meanwhile, the “celeb coin” of the major Vitalik Buterin critic is down by 42% today.
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2024-06-22 18:44