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HomeCoins NewsNftMemecoins suffered sharp losses as the value of Bitcoin fell beneath $70,000

Memecoins suffered sharp losses as the value of Bitcoin fell beneath $70,000

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  • Mog Coin (MOG) has plunged a whopping 9.96% within the final 24 hours.
  • NEIRO and BRETT additionally fell by 10.8% and seven.55% respectively.
  • POPCAT and DOGE are up 56.69% and 46.46% respectively within the final 30 days.

Memecoins skilled a big drop after Bitcoin (BTC) dropped beneath $70,000, signaling a bearish pattern for your complete business. All the $63.5 billion price of memecoins has misplaced 5.9% of its worth within the final 24 hours with a buying and selling quantity of $8.69 billion.

Virtually each memecoin remained within the crimson, with the largest losers being Mog Coin (MOG), Popcat (POPCAT), Brett (BRETT), and Neiro (NEIRO). Bonk (BONK), dogwifhat (WIF), dogecoin (DOGE) and Shiba Inu (SHIB) additionally fell within the final 24 hours.

In keeping with information from CoinMarketCap, MOG has fallen 9.96% within the final day and is buying and selling at $0.051927, down 20.88% from its all-time excessive of $0.052445. Nevertheless, the cryptocurrency jumped 28.77% within the final 30 days and is up 2775.73% since October 2023.

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BRETT is buying and selling at $0.08884, down 7.55% within the final 24 hours. The altcoin is down 53.95% from its all-time excessive of $0.1939 reached in June this 12 months. Over the previous month, BRETT is simply up 1.81%, however memecoin is up 129.67% since October 2023.

Losses have been additionally recorded by POPCAT and NEIRO. POPCAT is down 8.53% within the final 24 hours and is buying and selling at $1.52. POPCAT is up 56.69% within the final 30 days and is up 9290.67% since final October. NEIRO is down 10.8% to $0.001498 and is 22.7% decrease within the final 14 days, however 49.2% larger within the final 30 days.

Dogecoin and Shiba Inu are additionally falling

DOGE and SHIB, the main memecoins, are down 7.48% and 6.55% respectively, buying and selling at $0.1584 and $0.00001743. DOGE has rallied 13.2% over the previous week and is up 46.75% over the previous 30 days.

Additionally learn: Past Memes: TREAT SHIBA INU token offers utility a brand new which means

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WIF and BONK are down 10.42% and 5.81% to commerce at $2.31 and $0.00001983 respectively. BONK is down 19.59% within the final 30 days, however is up 2380.46% over the previous 12 months, whereas WIF is up 1273.85% since final October.

Disclaimer: The data offered on this article is for informational and academic functions solely. This text doesn’t represent monetary recommendation or recommendation of any type. Coin Version shall not be chargeable for any losses incurred because of the usage of mentioned content material, services or products. Readers are suggested to train warning earlier than taking any motion associated to the Firm.

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