The Cryptocurrency market crash has affected all of the main crypto token values collectively for another day and also the price of crypto meme coin SHIB and DOGE dipped by 45% due to the crash.
Meme coin dropped by 45%
The entire value of meme cryptocurrency is currently over $16 billion. Its daily trade volume has increased by 73 % to $4.8 billion. However, in the previous 24 hours, the overall market capitalization dropped by 17.3%. The total market value is $1.13 trillion. Bitcoin prices have declined 10% in the previous 24 hours to $27,600. While the price of Ethereum has also dropped by19% with the average price being $1,851.
In the previous seven days, Bitcoin prices have dropped by 30%. The altcoins have felt the burden of this massive price drop. Dogecoin (DOGE) and Shiba Inu (SHIB), the most popular meme coins, have dropped by more than 45% in the previous week.
DOGE drops by 90% since its all-time high
DOGE’s price has dropped 90% from its all-time high, according to Charlie Bilello, Founder and CEO of Compound Capital Advisors. Elon Musk appeared on Saturday Night Live to promote Dogecoin. At press time, DOGE was trading at $0.074. In the previous 24 hours, its value has dropped by 31%.
SHIB, the second most popular meme cryptocurrency, has dropped 36.5% in the past 24 hours. SHIB was dealing at a price of $0.000010. However, its daily trade volume has increased by 36% to $1.6 billion.
