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.
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