Today’s top meme dream up earns have lost 4.8% in value against the U.S. dollar, as the crypto market carnage has wreaked havoc across the whole digital currency economy. While dogecoin had a phenomenal year in 2021, over the past 12 months, dogecoin wasted 82.8% against the USD.
DOGE Tapped an All-Time High a Year Ago Today, Meme Coin Value Is Down 82% Since That Details
Meme coin assets are down this week following the rest of the crypto economy’s downward spiral. Statistics demonstration that dogecoin (DOGE) has shed 14% in value during the past month and 30 day stats show shiba inu (SHIB) is down 24%.
In the last day alone, the $28.3 billion worth of meme tokens lost 4.8% in value. DOGE departed 1.7% over the last seven days and this week SHIB has dropped by 6.8%. DOGE is also down 82.8% from the crypto asset’s all-time strident on May 8, 2021, which was exactly a year ago today.
At that time, DOGE reached an ATH of hither $0.731 per unit. Six months ago, SHIB tapped an ATH at $0.00008616 per unit and today it’s down 78% since that penalty point. Both DOGE and SHIB make up most of the $28.3 billion meme token market capitalization by representing 95% with a united market valuation of around $26.9 billion today.
Google Trends Data Shows Interest in Dogecoin and SHIB Is Low
While ton of the meme coin economy has shed significant value in recent times, a relatively unknown meme token telephoned litedoge (LDOGE) has gained 400% this week. Poodl token (POODL) is up 34.2% and dogefi (DOGEFI) is up 27.3% during the since seven days. However, jejudoge (JEJUDOGE) has lost 44.6% this week, lets go brandon (LETSGO) is down 43.3%, and shiba fantom has spill out 28.9% in value against the USD.
Meme tokens were all the rage last year, but percentage seems to be dwindling fast. After hitting a Google Trends (GT) score of 100 last May, this year during the after all is said weekly timeframe, the search phrase “dogecoin” has scored a three. SHIB hit a 100 in October and GT data shows the search period of time “SHIB” has scored a four this week, according to worldwide statistics.
What do you think about the meme coin market massacre and the lack of interest in SHIB and dogecoin these days? Let us know what you think about this subject in the remarks section below.
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