WIF, PEPE, and BONK Are Among the Poorest Performers
The post WIF, PEPE, and BONK Are Among the Poorest Performers appeared on BitcoinEthereumNews.com.
TL;DR Numerous major cryptocurrencies and meme coins suffered significant losses following a decline of the entire market in the past several hours. Dogecoin (DOGE) and Shiba Inu (SHIB) are among the affected, and the SHIB burning mechanism has recently stalled its progress. The Pullback The cryptocurrency sector experienced a severe correction in the last 24 hours, which erased much of the gains recorded last week. Currently, the global crypto market capitalization is less than $2.2 trillion, with Bitcoin (BTC) plunging below $60,000 and Ethereum (ETH) losing the $2,500 resistance level. The situation in the meme coin niche is no better, with numerous tokens plummeting by double digits on a daily scale. The well-known names that were affected the worst were the Solana-based dogwifhat (WIF) and Bonk Inu (BONK), which fell by 10% each. WIF Price, Source: CoinGecko The biggest frog-themed meme coin, Pepe (PEPE), is also down nearly 10%, while its rival Brett (BRETT) has tumbled by 7%. Popcat (POPCAT) is the only meme coin from the top 20 list witnessing some price increase. It is up 3% in the past 24 hours and a whopping 60% weekly. Currently, the cat-themed token trades at around $0.71 (per CoinGecko’s data) and has a market cap of over $700 million. It is the largest in its cohort, followed by Cat in a Dogs World (MEW) and Mog Coin (MOG). What About the Leaders? The biggest meme coins – Dogecoin (DOGE) and Shiba Inu (SHIB) – are also down, albeit in a more modest fashion. The former is currently trading just south of $0.10, representing a 6.5% decrease on a daily basis. It remains one of the top 10 cryptocurrencies, with a market cap of around $14.5 billion. The self-proclaimed Dogecoin killer – SHIB – has recorded a similar decline and is worth approximately $0.00001377…
Filed under: News - @ August 28, 2024 8:24 am