Which Top Meme Coins Have Held Their Value Best Amid The Crypto Market Crash?
23 Agosto 2023 - 6:00PM
NEWSBTC
The performance of the top meme coins in the space has mostly
mirrored the broader market crash triggered by Bitcoin’s decline
toward the $25,000 level. However, while all of these digital
assets have suffered losses during this time, some have held up
better than others, leading to fewer losses on their part compared
to their competitors. Baby Doge Coin (BABYDOGE) Leads Meme Coins
This meme coin has surprisingly seen the best performance following
the crash compared to its counterparts. While most top meme tokens
have recorded double-digit losses, Baby Doge Coin (BABYDOGE)
managed to keep below the 10% loss level, coming in with only
single-digit losses. Related Reading: SHIB Burn Rate Jump 1,100%
Amid Expectations Of Shibarium Relaunch As data from the coin
tracking website Coinmarketcap shows, BABYDOGE’s price decline over
the last weeks came in 5.97%. This is in stark contrast to others
that have come in above 10%, making BABYDOGE the meme token that
has held its value best through the crash. Dogelon Mars (ELON)
Performs Well Dogelon Mars (ELON) is another meme coin that has put
up a tremendous fight against the bears in the last week. Just like
BABYDOGE, the token came in with 10% losses in the last week,
although by a much narrower margin. The meme token is down 7.85% on
the weekly chart, showing impressive resistance. And unlike
BABYDOGE which is up 0.63% in the last day, Dogelon Mars (ELON) is
seeing losses of 3.35% during this time period, putting it on par
with other meme tokens struggling on Wednesday. DOGE price sitting
at $0.0629 | Source: DOGEUSD on Tradingview.com Dogecoin (DOGE)
Holding Firm While Dogecoin saw significant losses following the
crypto crash last week, the leading meme coin has held its own,
with its losses currently falling below 10%. DOGE’s losses on the
weekly chart came out to 9.76%, ranking it third when it comes to
meme tokens that have held their value. Following in the same step
as BABYDOGE, Dogecoin is starting to see gains on the daily chart.
The cryptocurrency is seeing small gains of 0.61% at the time of
this writing. Nevertheless, with a market cap of $8.9 billion, it
remains the largest meme coin in the industry. How Other Meme Coins
Are Doing The three meme coins listed above are the only meme
tokens that have seen losses below 10%. Others such as Pepe
(PEPE), Shiba Inu (SHIB), FLOKI (FLOKI), and Bone ShibaSwap (BONE)
have all performed way worse with losses of 15.71%, 16.23%, 19.12%,
and 21.18%, respectively. Related Reading: AVAX Price Bucks Under
The Pressure Of Upcoming $102 Million Token Unlock However, some of
these tokens are beginning to see a light at the end of the tunnel.
Out of these, BONE and SHIB seem to be on a reversal trend,
recording 2.36% and 3.51% gains, respectively, on the 24-hour
chart. Follow Best Owie on Twitter for market insights, updates,
and the occasional funny tweet… Featured image from Binance
Academy, chart from TradingView.com
BONE SHIBASWAP (COIN:BONEUSD)
Gráfica de Acción Histórica
De Nov 2024 a Dic 2024
BONE SHIBASWAP (COIN:BONEUSD)
Gráfica de Acción Histórica
De Dic 2023 a Dic 2024
Real-Time news about BONE SHIBASWAP (Criptodivisas): 0 recent articles
Más de BONE SHIBASWAP Artículos de Noticias