Bittime - Even though the prices of several well-known meme coins have decreased in the last 72 hours, the trend of meme coins will continue to reach its peak.
However, it cannot be denied that if we look at various data, the phenomenon that has hit the crypto market regarding meme coins recently is not going well for the time being.
Quoted from Coinspeaker, in the last 3 days, several major meme tokens experienced a simultaneous decline in value.
Solana Memecoin Drop
Meme coins on the Solana platform, for example, saw their market capitalization decrease by 2% in the past day. Not only that, the value of the base meme coin also fell by 3.5% in the same period.
One of the famous meme coins on Solana, Bonk ($BONK), saw a significant price drop since the start of this week. BONK price fell from $0.000028 to $0.000023, marking a decline of 17.8%.
Check Today's Crypto Market
Dogwifhat ($WIF) Price Experienced a Significant Drop
The price of $WIF has experienced a significant decline in the last three days. From a price of $4.8 three days ago, $WIF reached its lowest point of $3.6 yesterday before finally closing at $3.8.
While WIF performed well in the previous few days, a 25% drop in such a short period of time is something to note.
Also read: Degen (DEGEN): Completely Dissect the Token Nicknamed the Golden Dog in the Crypto Space
Book of Meme ($BOME) Price Drops
BOME just broke the resistance level around $0.015. However, the price experienced a correction of 16% yesterday following the overall crypto trend.
Even though the bullish trend is still continuing, stronger resilience is needed to push prices to continue to rise, considering the unstable market sentiment.
How to Buy Crypto
Pepe ($PEPE) & BRETT also decline
Another meme coin on Solana, PEPE, also came under pressure with a 0.905% drop in the last 24 hours.
BRETT is still stuck below the $0.08 resistance after a positive move since March 23. Although the price shows recovery from a 37% drop in the last 3 days, buyers need to break the $0.08 resistance to resume the uptrend.
Also read: Everything You Need to Know About Ethena (ENA) Listing on Binance
The Turbulent Journey of the DEGEN Meme Coin
DEGEN, the meme coin of the Basis ecosystem, has had a tumultuous ride in recent weeks.
After a fantastic price surge of more than 2000%, from $0.0029 on March 21 to $0.065 on March 31, DEGEN then experienced a drastic decline.
In the last three days alone, the coin has lost 50% of its value and is now trading at around $0.032.
Although the DEGEN chart is showing signs of recovery with an upward move, buyers still need more positive triggers to maintain this momentum.
Check Crypto Prices Today:
Conclusion
It is still unclear whether the recent decline in value of memecoin is a temporary phenomenon or the start of a longer turmoil.
Despite the uncertainty, the enthusiasm of investors and enthusiasts for memecoins has attracted attention and will likely have an impact on the overall crypto asset landscape in the near future.
How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn Complete Guide How to Buy Crypto on Bittime .
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also read:
Understanding the BRC-20 Token that was Targeted Before the Bitcoin Halving
Uniswap Extension Makes Crypto Wallet Addresses Easy to Read
Ethena Labs Will Use Bitcoin as Collateral for USDe Stablecoin
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
Comments
0 comments
Please sign in to leave a comment.