TL;DR
- Dogecoin (DOGE) and Shiba Inu (SHIB) have experienced recent declines of 5% and 6% respectively. Other memecoins also saw drops, while Floki Inu (FLOKI) gained 8% in a week.
- Analysts suggest Shiba Inu’s price might be at its lowest, hinting at a potential rise.
- Shibarium, SHIB’s layer-2 blockchain solution, showcases bullish developments, including a successful burning mechanism.
SHIB, DOGE, and More Took a Punch
The latest decline of the cryptocurrency market has affected numerous digital assets, including most from the memecoin realm. According to CoinGecko’s data, the one with the largest market capitalization – Dogecoin (DOGE) – plunged by over 2% in the past 24 hours and is down almost 5% on a monthly basis.
The self-proclaimed Dogecoin killer – Shiba Inu (SHIB) – has fallen by over 6% in the past 30 days, while Pepe Coin (PEPE) has plummeted by more than 8%.
SHIB Price, Source: CoinGeckoBone ShibaSwap (BONE), Doge Killer (LEASH), and Dogelon Mars (ELON) have also been on a downfall, nosediving by respectively 17%, 13%, and 8% in the last month.
Floki Inu (FLOKI) is among the few to be in the green for that period. Moreover, it has charted a substantial 8% gain in the past seven days.
Memecoins are a highly intriguing niche of the cryptocurrency sector. We recently uploaded a video depicting the leading such tokens and their specifics.
Did SHIB Find Bottom?
Some experts and analysts have recently maintained that the price of Shiba Inu has found the bottom, meaning an ascend is expected to happen soon. One such example is the X (Twitter) user $SHIB KNIGHT, whoassumedthe coin’s valuation could jump by 300% in the near future.
The successful ution of Shiba Inu’s burning mechanism and the further advancement of the layer-2 blockchain solution Shibarium have also been outlined as bullish factors
The latter saw the light of day at the end of August and has already completed several achievements. Most recently, itreachedthe milestone of one million blocks, highlighting a growing demand for scalable features. Those who want to learn more about Shibarium and its purposes could take a look at our dedicated video below:
Avertissement : Les informations contenues dans cette page peuvent provenir de tiers et ne représentent pas les points de vue ou les opinions de Gate. Le contenu de cette page est fourni à titre de référence uniquement et ne constitue pas un conseil financier, d'investissement ou juridique. Gate ne garantit pas l'exactitude ou l'exhaustivité des informations et n'est pas responsable des pertes résultant de l'utilisation de ces informations. Les investissements en actifs virtuels comportent des risques élevés et sont soumis à une forte volatilité des prix. Vous pouvez perdre la totalité du capital investi. Veuillez comprendre pleinement les risques pertinents et prendre des décisions prudentes en fonction de votre propre situation financière et de votre tolérance au risque. Pour plus de détails, veuillez consulter l'
avertissement.
