Monday, July 22, 2024

Market Capitalization of the Top Meme Coins DOGE has lost 80% of its value since its all-time high

Over the last two weeks, the market for digital assets witnessed a steep fall. There was a fall in the value of Dogecoin(DOGE) by about 23.9% just this week alone. Overall the market cap of the leading meme coins lost 3.1% on 24 Jan alone.

The crypto economy totally amounts to $1.7 trillion. Of this, at present, all of the meme tokens taken together account for $36 billion.

DOGE is still valued 1486% above the US dollar compared to its value last year at this time.

The intra-day value of DOGE has hovered between $0.143480 and $0.126030. The market cap of DOGE is $17.8 billion. This represents a fraction of the total crypto-economy accounting for 1.05% of the crypto market cap.

The crypto asset following DOGE is SHIB. This fell 30.6% over the week and 42.1% over the month.

SHIB occupies 0.68% of the overall crypto economy’s market cap. SHIB’s market cap is valued at $11.7 billion. The intra-day price variation of SHIB has seen it lie between $0.00002282 and $0.00001894/SHIB. The combined value of these two meme coins amounts to $29.5 billion. At this value, they represent 81.94% of the overall market cap of meme coins – which stands at $36 billion.

In addition to the above meme coins, the other meme coins also experienced steep falls. The meme coin BABYDOGE fell 32.5% and SPELL fell 52.9% just in the last week. Amidst this general fall, however, BOXER gained 108.6%.

BOXER was not the only gainer. HOTDOGE gained 11.1%. Others like Vitoge, Luni, and Smudge also rose between 3% and 4.8%.

https://news.bitcoin.com/top-meme-coins-by-market-capitalization-shed-billions-doge-down-80-since-all-time-high/

Cryptured Team
Cryptured Team
The writers team at Cryptured.com is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.
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