The Meme token economy suffers from the crypto market slump, Doge and Shib market capitalization loses billions-markets and prices
The Meme token economy suffers from the crypto market slump, Doge and Shib market capitalization loses billions-markets and prices
The global cryptocurrency market assessment has recovered on December 4th since the first downturn after 12:00 p.m. EST, and on Sunday the crypto economy has fallen by 1.4 % in the past 24 hours. In the meantime, the market capitalization of the meme tokens is now $ 47.2 billion and has dropped by 12.6 % on the last day. Dogecoin has suffered quite a bit in the past seven days, 19.2%, while his rival Shiba Inu lost 9.7% last week.
The meme token economy bears the main load of the slaughter on the cryptomarkt -Dogecoin drops by 19%
in a weekAt the time of writing, the crypto-meme token market economy is estimated at $ 47.2 billion and was deeply hit by yesterday's market. dogecoin (doge) is the largest meme token market capitalization with $ 21.5 billion, since each dog is traded for btc per unit. Doge fell by 37.7% last month, but Dogecoin has still increased by 4,863% since the beginning of the year. On Sunday, December 5th, there is $ 1.4 billion $ doge deals with Binance, the most active Dogecoin exchange.
Today is the stable coin-Tether ( usdt ) dominates the most trades from Dogecoin as USDT captures 75.79 % of the dog pairs on Sunday. This is followed by USD (10.69%), Busd (5.03%), btc (3,96%) and EUR (2.05%). The Turkish Lira (Try) dominates 1.2 % of all Dogecoin (Doge) pairs this weekend.
In addition to Binance, Huobi Pro, Huobi Korea, Okex, Bittrex and Kraken are other active Dogecoin exchanges on Sunday. in the block statistics show that only 55% of the dog holder earn money at the current price. The concentration of the large owners today is 60 % and in the last seven days $ 20.33 billion in transactions over $ 100,000 in Dogecoin.
Shiba Inu loses 9% this week, 59% less than the all-time high of the crypto asset
The second largest crypto-meme-asset is shiba-inu (shib) which has lost far less this week than dog. Shib has fallen 9.7% this week and 27.6% in the last 30 days. But the profits have been a completely different story since the beginning of the year, since Shib has risen by a whopping 56,175,642%.
shib , however, is still 59.5% under the all-time high of the crypto assets of $ 0.008616 on October 28th. With $ 19.6 billion, Shib is the 13th largest crypto asset after market capitalization. At the time of writing, the global Shib trading volume is $ 2.3 billion worldwide.
Similar to Doge, the trading platform Binance Shibs exchange on Sunday. Volumina by Huobi Pro, Okex and Coinbase will follow for Binance's Shib markets. Holding rope ( usdt ) with 41.9% of the Shib-handelpaare is the best trading pair of Shib. This is followed by USD (23.51 %), Busd (19.63 %), Try (9.88 %) and Weth (2.41 %).
58 % of the SHIB owners are still profitable and the concentration of the large owners today is 78 %. Into-the-block statistics show that transactions with more than $ 100,000 in the last seven days have a Shib value of around 4.93 billion US dollars.
donkey, Meta Doge and Kitty Coin see double-digit 7-day profits, Catbonk and Fantom Doge lose significant losses
Since Doge and Shib lost some value last week, a number of other meme tokens have also lost earlier profits. Last week Dogelon Mars (Elon) lost 19.3% and Baby Doge Coin (baby doge) decreased by 21.3% last week.
donkey (Donk), Metadoge (Metadoge) and Kitten Coin (Kitty) have recorded double -digit growth in the past seven days. The biggest meme token loser last week was Catbonk (Cabo) with a loss of 67 % and Fantom Doge (RIP) with a loss of 59 %.
What do you think that the Meme token economy has lost more than 12% in the past 24 hours and the weekly losses of Dogecoin and Shiba Inu? Let us know your opinion on this topic in the comments below.
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