Meme Coin Season May Be Over As PEPE, SHIB, DOGE, Continue Decline

Name	Symbol	Market	Market Cap ($)	Algorithm
Decentraland	MANAUSD	Crypto	887,820,361	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Decentraland

MANAUSD

Crypto

887,820,361

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-0.0013	-0.27%	0.4805	0.4804	0.4807

Price Change

Price Change %

Current Price

Bid Price

Offer

-0.0013

-0.27%

0.4805

0.4804

0.4807

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.4868	0.4718	0.4819	0.4818	0.247540 - 0.819800

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.4868

0.4718

0.4819

0.4818

0.247540 - 0.819800

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	22:58:20	103.44	0.4805	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

22:58:20

103.44

0.4805

USD

Price x Volume	Volume	Base Symbol	Related Pairs
723,084.55	1,509,690.86	MANA	MANAEUR	MANAGBP	MANABTC

Price x Volume

Volume

Base Symbol

Related Pairs

723,084.55

1,509,690.86

Meme Coin Season May Be Over As PEPE, SHIB, DOGE, Continue Decline

22/05/2023 2:50pm

NEWSBTC

Momentum in the crypto market has ground to a near-halt over the last couple of days and meme coins are suffering the most for it. As market participants remain wary of their investment options, the likes of PEPE, SHIB, and DOGE have continued to decline, signaling an end to the short meme coin bull run experienced in April. Meme Coin Momentum Slows Significantly Meme coins have been one of the hardest hit presently as both large and small meme coins have been on a decline. For example, PEPE, a meme coin that rose into prominence in April, has lost over 60% of its early May all-time high value and is still recording losses of 7.5% in the last 24 hours. Related Reading: Decentraland (MANA) Leads Crypto Market Gains, Here’s Why Likewise, Dogecoin (DOGE), the largest meme coin in the space has not had it easy as well. The digital asset is still holding on to its support above the $0.07 but bears continue to threaten its ability to recover. Just like PEPE, DOGE is seeing a decline in the last day, albeit to a lesser degree, with 1.8% losses during this time period. Next on this list is SHIB which is currently the only one of the top meme coins that are recording some semblance of gains. But even its gains so far have been meager and losses are the order of the day on the larger 7-day scale. SHIB is still below its critical $0.000009 resistance but has risen 1.7% in the last day. Others such as Baby Doge Coin and Floki are seeing losses in the 24-hour and 7-day charts as well. As a result, the total meme coin market cap is down 2.6% in the last day and is now sitting at a $17.13 billion capitalization, data from Coingecko shows. DOGE trading low at $0.073 | Source: DOGEUSD on TradingView.com Is It Time To Buy PEPE, SHIB, Or DOGE? The current market climate makes it so that cryptocurrencies are presenting what some would call a great buying opportunity. This is because for a lot of these assets to return to their previous highs, it would mean an at least 100% increase from their current market price. Related Reading: Shiba Inu Falls Below Critical Support, Is It Time For You To Buy? Since cryptocurrencies have been consolidating for a while, a breakout could be imminent and this would mean buying assets such as PEPE, DOGE, and SHIB at current prices could present as a good entry point for good profits. However, this only works if the market bottom is truly in. With cryptocurrencies being very volatile, they could just as well swing downward from this point, leading to more losses for investors. Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet… Featured image from iStock, chart from TradingView.com

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MANAUSD Decentraland