Memecoin suffers important losses as Bitcoin worth dips under $70,000

By
currency Journal
-
0
31
  • Mogcoin (MOG) has plummeted by a whopping 9.96% previously 24 hours.
  • NEIRO and BRETT additionally fell by 10.8% and seven.55%, respectively.
  • POPCAT and DOGE have elevated by 56.69% and 46.46% previously 30 days.

After Bitcoin (BTC) fell under $70,000, memecoins skilled a major selloff, signaling a bearish pattern for the trade as an entire. The general memecoin worth was $63.5 billion, and it misplaced 5.9% of its worth previously 24 hours, with a buying and selling quantity of $8.69 billion.

Nearly all meme cash remained within the pink, with the most important deficits being Mogcoin (MOG), Popcat (POPCAT), Bullet (BRETT), and NEIRO (NEIRO). Bonk (BONK), Dogwifat (WIF), Dogecoin (DOGE), and Shiba Inu (SHIB) additionally fell previously 24 hours.

MOG is buying and selling at $0.051927, down 9.96% over the previous day and down 20.88% from its all-time excessive of $0.052445, based on information from CoinMarketCap. Nonetheless, the cryptocurrency has gained 28.77% previously 30 days and is up 2775.73% since October 2023.

Bullet is buying and selling at $0.08884, down 7.55% previously 24 hours. The altcoin is down 53.95% from its all-time excessive of $0.1939, set in June of this yr. Over the previous month, BRETT is barely up 1.81%, whereas the meme coin has soared 129.67% since October 2023.

See also  Analysts Predict Ethereum ETF Value Rise

POPCAT and NEIRO additionally suffered losses. POPCAT is buying and selling at $1.52, down 8.53% previously 24 hours. POPCAT is up 56.69% previously 30 days and up 9290.67% since October final yr. NEIRO fell 10.8% to $0.001498, down 22.7% over the previous 14 days, however up 49.2% over the previous 30 days.

Dogecoin and Shiba Inu additionally fall

Main meme cash DOGE and SHIB are down 7.48% and 6.55%, buying and selling at $0.1584 and $0.00001743, respectively. DOGE has gained 13.2% over the previous week and 46.75% over the previous 30 days.

Associated article: Past the meme: Shiba Inu deal with tokens give new which means to utility

WIF and BONK are down 10.42% and 5.81%, respectively, buying and selling at $2.31 and $0.00001983. BONK has fallen 19.59% previously 30 days however is up 2380.46% previously yr, whereas WIF has surged 1273.85% since October final yr.

Disclaimer: The knowledge contained on this article is for informational and academic functions solely. This text doesn’t represent monetary recommendation or recommendation of any sort. Coin Version will not be answerable for any losses incurred on account of using the content material, merchandise, or providers talked about. We encourage our readers to do their due diligence earlier than taking any motion associated to our firm.

RELATED ARTICLESMORE FROM AUTHOR