Top Meme Coin Tokens: Thriving Amidst the Bear Market?

Published 19/09/2023, 14:24
© Reuters.  Top Meme Coin Tokens: Thriving Amidst the Bear Market?

  • The crypto market’s bearish state has affected the prices of top meme coins.
  • DOGE, SHIB, and FLOKI have seen increased positive performances in recent times despite market volatility.
  • PEPE trends in the negative zone, posting losses in the past 24 hours, week, and on the monthly price chart.

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 (DOGE)

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.

Read Also : Dogecoin Price Prediction 2023-2030

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%.

Read Also : Shiba Inu Price Prediction 2023-2030

Floki (FLOKI)

Price chart data shows that FLOKI has added a 0.15% gain in the past 24 hours. However, within the same period, its trade volume declined by 8.81% after registering $6.58 million.

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.

Read Also : Floki Inu Price Prediction 2023-2030

Pepe (PEPE)

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.

Read Also : Pepe Price Prediction 2023-2030

The post Top Meme Coin Tokens: Thriving Amidst the Bear Market? appeared first on Coin Edition.

Read more on Coin Edition

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.