Fun

Meme Coin Market Cap Loses 3.5%, Top 2 Leaders Dogecoin, Shiba Inu Shed Billions

News Feed - 2021-11-23 04:11:31

Meme Coin Market Cap Loses 3.5%, Top 2 Leaders Dogecoin, Shiba Inu Shed Billions


While crypto-asset markets have shed billions during the last week, the top meme tokens coins by market capitalization have seen deeper losses than most coins. The top two meme digital assets dogecoin and shiba inu have seen double-digit losses during the last seven days. The top meme tokens coins by market capitalization today are worth $60.7 billion losing 3.5% in value over the last 24 hours. Dogecoin and Shiba Inu Lose Double-Digits Last Week


During the course of the year, meme-based crypto assets were all the rage and many of them have gained significant value in 2021.


The top two meme-based cryptocurrencies dogecoin (DOGE) and shiba inu (SHIB) were once top ten contenders in terms of market capitalization. However, today, after suffering some losses both dogecoin and shiba inu have dropped out of the top ten standings.


Dogecoin (DOGE) is the largest meme-based crypto asset in terms of overall valuation. DOGE is also the 11th largest market cap out of 10,975 coins in existence today. The crypto asset has a market valuation of around $28.9 billion as dogecoin has shed 16.7% in value during the last week. DOGE/USD on November 22, 2021.


Dogecoin trade volume has slid as well to $995 million DOGE swaps during the last 24 hours. DOGE is swapping for $0.220 per unit at the time of writing and is over 69% lower than its all-time high (ATH).


DOGE captured an ATH of around $0.731 on May 8, 2021, around seven months ago. Despite the losses dogecoin still commands a 12-month return of around 6,200%.


Shiba inu (SHIB) today is the 12th largest market capitalization and the second largest in terms of meme-based coins. SHIB has lost 18.1% during the last week and has a market valuation of around $23.8 billion. SHIB is down more than 3% today and is swapping for $0.00004395 per unit. SHIB/USD on November 22, 2021.


The shiba inu price today is over 48% lower than the crypto asset’s ATH on October 28, at $0.00008616. At the time of writing there is $1.7 billion worth of global SHIB trade volume during the last 24 hours.


Despite being down in recent times, 30-day stats show SHIB is still up 57%. Moreover, SHIB’s 12-month return is also far larger than DOGE’s with a 62,589,642% increase.


Not all meme coins have been under this week as a slew of lesser-known meme-based crypto assets have seen double-digit gains.


Jomon shiba (JSHIBA), shih tzu (SHIH), shibance token (WOOF), the doge NFT (DOG), and dogebonk (DOBO) have jumped 11% to 84.4% during the last week. DOBO’s 84% gains made the meme currency the top-performing meme-based asset during the last week. Tags in this story crypto meme assets, Dog Coins, Dog Tokens, Doge, dogebonk (DOBO), dogecoin, Dogecoin price, Dogelon, Dogs, Elon Musk, Gains, GT Data, Jomon shiba, Meme Coins, shib, SHIB price, shiba inu, Shiba Inu Gains, shibance token, shih tzu


What do you think about the top meme coins and the meme-based crypto-economy losing value in recent times? Let us know what you think about this subject in the comments section below. Crypto Economy Hovers Below $3T: Analyst Says First Bear Marker "Would Be a Capitalization Drop Under $2.38T" MARKET UPDATES | 8 hours ago Crypto Markets Shed Billions Overnight — Analyst Says ‘Drawdown Normal’ and ‘Bull Market Structure Still Intact’ MARKET UPDATES | 6 days ago


Image Credits: Shutterstock, Pixabay, Wiki Commons, tradingview, Previous articleUS and UK Agree to ‘Heighten the Focus on Illicit Use of Cryptocurrency’ Next articleAfter Overseeing the Largest Monetary Expansion in US History Biden Renominates Powell to Lead the Fed Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItTwitter Sets up Dedicated Team to Focus on Cryptocurrency and Decentralized Apps


Twitter has set up a team to focus on "crypto, blockchains, and other decentralized technologies — including and going beyond cryptocurrencies.” Initially, the team will explore how it can "support the growing interest among creators to use decentralized apps to ... read more.Terra to Burn $4.5 Billion Worth of LUNA From Community Pool Finiko Fugitives Suspected of Moving 750 BTC From Crypto Pyramid’s Wallet Meet the Antminer S19 XP — Bitmain Reveals ASIC Manufacturer"s Most Powerful Bitcoin Miner Bank of England Governor Warns Crypto Is Providing Means of Payment for Criminals

News Feed

Russian Arrested for Defrauding Buyers of Mining Hardware Worth Over $300,000
Russian Arrested for Defrauding Buyers of Mining Hardware Worth Over $300,000 Police in the southern Russian city of Astrakhan have detained a man accused of defrauding people who
Warner Bros. and Nifty’s to Launch Looney Tunes Story Bolstered by NFTs
Warner Bros. and Nifty’s to Launch Looney Tunes Story Bolstered by NFTs On Thursday, Warner Bros. announced it was collaborating with the non-fungible token (NFT) focused social
Coinbase CEO Brian Armstrong Expresses Concern Over Rumors of SEC Ban on Crypto Staking for Retail Customers
Coinbase CEO Brian Armstrong Expresses Concern Over Rumors of SEC Ban on Crypto Staking for Retail Customers Brian Armstrong, CEO of Coinbase, expressed concern about rumors that t
Buenos Aires Confirms It Plans to Allow Citizens to Pay Taxes With Cryptocurrency
Buenos Aires Confirms It Plans to Allow Citizens to Pay Taxes With Cryptocurrency Horacio Larreta, the head of the government of Buenos Aires, the capital of Argentina, confirmed t
$200 Million Brazilian Crypto Fraud Scam: The US Seizes $24 Million Worth of Digital Currencies
$200 Million Brazilian Crypto Fraud Scam: The US Seizes $24 Million Worth of Digital Currencies The United States Department of Justice (DOJ) says it has seized
Massive Ethereum Buying Spree – Taker Buy Volume hits $1.683B In One Hour
Este artículo también está disponible en español. Ethereum surged over 10% yesterday, marking an impressive recovery alongside a very bullish day for the entire crypto ma
Gareth Jenkinson12 hours agoTether authorizes $1B USDT to ‘replenish’ Tron networkBlockchain trackers flag $1-billion “authorised but not issued” USDT mint at Tether’s Treasury; CTO Paolo Ardoino clarifies hold
With Close to 10 Billion Stablecoins Redeemed, BUSD’s Supply Drops to Lowest Level Since April 2021
With Close to 10 Billion Stablecoins Redeemed, BUSD"s Supply Drops to Lowest Level Since April 2021 Statistics recorded on April 15, 2023, show that the number of coins in circulat
How to trade crypto in the UK using Revolut X
Arunkumar Krishnakumar10 hours agoHow to trade crypto in the UK using Revolut XUncover the step-by-step process for moving fiat from the Revolut banking app into the Revolut X application and trading cryptocurrencies.537
$11 Trillion Offshore Assets Uncovered After 100 Countries Share Information on 84 Million Bank Accounts
$11 Trillion Offshore Assets Uncovered After 100 Countries Share Information on 84 Million Bank AccountsGovernments in nearly 100 countries have been sharing offshore bank account i
THORChain (RUNE) Tipped For 70% Decline Amid North Korean Transactions Debacle
Este artículo también está disponible en español. RUNE, the native token of the THORChain protocol, remains under significant bearish pressure following a 9.09% price dec
Moody’s Says Forex Shortages May Force Nigerian Central Bank to Delay Repaying Local Banks
Moody"s Says Forex Shortages May Force Nigerian Central Bank to Delay Repaying Local Banks The persistent scarcity of foreign exchange may force the Nigerian central bank to delay