The top memecoins Dogecoin and Shiba Inu haven’t been spared in the latest crash in the crypto market as the coins are currently down 16% and 12%, respectively.
Dogecoin And Shiba Inu Bleed Amid Wider Crypto Crash
The memecoins had been having a rough time for a while now, much like the rest of the market, and today the coins have taken an even deeper plunge.
After dropping down 16% during the past 24 hours, Dogecoin is now trading around $0.0547. Over the last seven days, the crypto has amassed a big 34% loss.
Here is a chart that shows the trend in the price of DOGE over the past five days:
Looks like the price of the crypto has dropped off over the last few days | Source: DOGEUSD on TradingView
When looking over the span of the past month, Dogecoin finds itself around 36% in the red. The last time the crypto’s price had this value was way back in March 2021.
Compared to the top that the coin formed a couple of months later (that is, in May 2021), the coin has shed over 91% in...
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