Amid right now’s boring market, some meme coin classes are outperorming. Pepe (PEPE), the primary frog-coin and main community-driven cryptocurrency, closes the week with the most important positive aspects regardless of having painful 24 hours.
Meme coin apathy: Pepe (PEPE) breaks developments
Within the final 24 hours, Pepe (PEPE), a prime 5 meme coin and one of the vital well-liked meme cryptocurrencies within the multi-chain, noticed its value plunging from $0.00000730 to $0.000007. Consequently, it’s the solely meme coin within the pink on the every day time-frame among the many 100 largest cryptocurrencies.
On the identical time, on the weekly chart, its efficiency reveals a special image. Within the final seven days, the Pepe (PEPE) value surged by over 6%. It makes the coin the seventh fastest-growing altcoin within the prime 100 because it ourperformed all the rivals within the meme coin phase.
Among the many meme coin classes, solely two managed to submit double-digit positive aspects in 24 hours, i.e., Solana (SOL) Meme cash and PolitFi meme cash. In contrast, Elon Musk-inspired dog-themed and cat-themed meme cash are seeing mediocre positive aspects.
Floki (FLOKI) and Dogwifhat (WIF) memecoins are additionally up by 1.2%-1.5% every.
The market benchmark for right now is down by 0.2%, whereas Bitcoin (BTC), the biggest cryptocurrency, is up by 0.9%. The Ethereum (ETH) value added 1.2% on falling buying and selling quantity.
In th3 final 24 hours, $163 million price of cryptocurrency positions had been liquidated, and over 66% had been brief positions opened by cryptocurrency bears.
Dogecoin (DOGE) loses 10% in seven days, pessimism takes over
Dogecoin (DOGE), with its virtually 10% weekly losses, is but once more within the highlight for meme coiners. As coated by U.At the moment beforehand, a “dying cross” was registered this week for the biggest meme coin.
The vast majority of indicators show that issues may solely worsen for Dogecoin (DOGE) bulls. Dipping under $0.15, this week, it erased all positive aspects since mid-October 2024.
Dogecoin (DOGE) was already changed by Cardano (ADA) because the seventh largest altcoin by market cap. It additionally has all the probabilities to be eclipsed by Tron (TRX) and lose yet one more place within the prime 10.
