Today’s top meme coins have lost 4.8% in value against the U.S. dollar, as the crypto market carnage has wreaked havoc across the entire digital currency economy. Although dogecoin experienced a great year in 2021 it has suffered a loss of 82.8% to the USD over the past twelve months.
DOGE Hit an All-Time Record in One Year. The Meme Coin Value Has Dropped 82% since that point.
Meme coin assets are down this week following the rest of the crypto economy’s downward spiral. Statistic shows that DOGE (dogecoin) lost 14% value over the past month. 30-day statistics show SHIB (shiba inu) dropped 24%.
The $28.3 trillion worth of meme tokens has lost 4.8% value in the past day. DOGE fell 1.7% over seven days. SHIB lost 6.8% last week. DOGE is also down 82.8% from the crypto asset’s all-time high on May 8, 2021, which was exactly a year ago today.
DOGE was trading at $0.731 an unit. Six months ago, SHIB tapped an ATH at $0.00008616 per unit and today it’s down 78% since that price point. SHIB, DOGE, and SHIB account for 95% of $28.3B meme token capitalization. They have combined market values of about $26.9B today.
Google Trends Data Shows That Interest In Dogecoin And SHIB is Low
The meme coin economy’s value has been declining in recent years, but a new meme token called “litedoge” (LDOGE), has seen a 400% increase. The Poodl token is up 34.2%, while dogefi is up 27.3% over the last seven days. Jejudoge has dropped 44.6%, let’s go brandon has fallen 43.3% and shiba fondom has seen a decrease of 28.9% against the USD.
Last year was a great time for meme tokens, but the interest is waning fast. After hitting a Google Trends (GT) score of 100 last May, this year during the same weekly timeframe, the search phrase “dogecoin” has scored a three. SHIB hit a 100 in October and GT data shows the search term “SHIB” has scored a four this week, according to worldwide statistics.
Let us know your thoughts on the current meme coin market carnage, and how you view the low interest in SHIB or dogecoin. We’d love to hear your views on the subject.
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