Dogecoin, Shiba Inu, Pepe Take A Beating: '1 Day' Is A Meme Coin's Average Life Cycle, Trader Notes
Portfolio Pulse from Khyathi Dalal
Meme coins, including Dogecoin, Shiba Inu, and Pepe, have experienced significant declines following a market-wide downturn led by Bitcoin. The market capitalization of meme coins dropped by 7.5% in the past 24 hours. GameStop's cryptocurrency also saw a 14% decline.
June 11, 2024 | 3:56 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Dogecoin has dropped 6.7% in the past 24 hours and 13.5% over the past week, reflecting the broader downturn in meme coins.
The significant drop in Dogecoin's price is part of a broader decline in meme coins, driven by Bitcoin's downturn.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Floki has dropped 12.2% in the past 24 hours and 10.9% over the past week, showing a sharp decline in the meme coin market.
Floki's sharp decline is indicative of the overall negative trend in meme coins, influenced by Bitcoin's performance.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 100
NEGATIVE IMPACT
GameStop's cryptocurrency has declined by 14% in the past 24 hours, reflecting the broader downturn in meme coins.
GameStop's cryptocurrency decline is part of the broader meme coin market downturn, driven by Bitcoin's performance.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Pepe has experienced a 6.0% decline in the past 24 hours and a 16.6% drop over the past week, reflecting the negative sentiment in the meme coin market.
Pepe's significant price drop is part of the broader meme coin market downturn, driven by Bitcoin's decline.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Shiba Inu has seen a 7.3% decline in the past 24 hours and a 9.5% drop over the past week, indicating a bearish trend in meme coins.
Shiba Inu's price drop is consistent with the overall decline in meme coins, influenced by Bitcoin's performance.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100