Is Time Up For The Original Meme Coin Starters – Dogecoin and Shiba Inu As Market Becomes Oversaturated Whilst One New Altcoin Will 10x
The post Is Time Up For The Original Meme Coin Starters – Dogecoin and Shiba Inu As Market Becomes Oversaturated Whilst One New Altcoin Will 10x appeared on BitcoinEthereumNews.com.
As the cryptocurrency market gears up for what could be a transformative year, Shiba Inu (SHIB) has shown losses on monthly, weekly and daily timeframes, while Dogecoin’s progress has plateaued, posting small gains in comparison to its meteoric rise in 2024. Many crypto enthusiasts see this as an indicator of the meme coin trend having its best days behind it. Increasingly, investors are eying up projects with clear value propositions rather than a funny picture with playful branding. One standout in 2025 is Remittix, a powerful PayFi project currently gaining massive traction in its presale, which has yielded over $4.6 million in investments in record time. So could this be the end for meme coins or might Shiba Inu and Dogecoin bounce back? So, what’s capturing all the attention around Remittix? Shiba Inu Losing Its Uniqueness Shiba Inu (SHIB) is inarguably one of the great pioneers of the meme coin space, though things have been looking bleak lately, with price dips across the board. Shiba Inu (SHIB) is now trading at $0.00002122. So what is contributing to this downfall? Well Shiba Inu (SHIB), is likely feeling the weight of an oversaturated market. With countless meme-inspired coins emerging, Shiba Inu’s (SHIB) unique charm seems to be losing its edge. Despite efforts to expand its ecosystem with Shibarium Layer-2, NFTs and gaming initiatives, the broader market sentiment seems to be changing. One thing that Shiba Inu does have going for it is that it has a very loyal holderbase. On-chain analytics suggest that over 74% of holders are long-term holders, while only 21.85% are cruisers, which is significantly lower than the ratio for most meme coins. Dogecoin (DOGE) Clings On, Posting Small Gains Despite the wider meme coin downturn, Dogecoin (DOGE) is holding on surprisingly well, having even posted over a 6%…
Filed under: News - @ January 22, 2025 6:21 am