The prolonged cryptocurrency market downturn has taken numerous turns and twists in what has been a rollercoaster ride for the entire crypto community. Amidst numerous institutional collapses and bankruptcies, several cryptocurrency tokens have equally been hit with negative performance.
Meme coins, which are also some of the popular tokens, have also been affected. With the winds of the bear market still raving strong, it begs the question of how well the top meme coins are faring at the moment.
Dogecoin has seen marginal gains in the past week despite volatile market conditions. The meme coin has added a 0.40% gain in the past 24 hours while registering a 1.41% increase within the past week.
Furthermore, the yearly price chart shows that the token has recorded a gain of 10.56%. At press time, the token is exchanging hands at $0.06268.
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Shiba Inu (SHIB)
Shiba Inu has been one of the busiest tokens in recent times. The team has announced multiple integrations, projects, and token burns to support the meme coin’s growth.
In the past 7 days, the token has added a gain of 0.83% and an 11.75% growth in trade volume in the last 24 hours. However, monthly price charts show the token has recorded a loss of 13.61%.
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Weekly and monthly price charts show that the token has maintained a decent performance, not recording a gain or loss. The token has a market cap of $150.76 million.
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Compared to the other meme coins, PEPE has recorded the most losses in token price. In the past 7 days, the token has shed 7.97% of its value. On the monthly price chart, it has lost 41%. Additionally, its trade volume has declined by 18% in the past 24 hours.
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