Meme Tokens Slide 55% in 5 Months — DOGE, SHIB Dominate $14.9B Meme Coin Economic system by 95% – Markets and Costs Bitcoin Information

5 months in the past, the highest meme cryptocurrencies by market valuation have been valued at $33.7 billion and as we speak, the meme coin economic system is 55% decrease, all the way down to $14.9 billion on September 23. Over the past month, dogecoin misplaced 12.8% in worth, and shiba inu is down 19.4% in opposition to the U.S. greenback in 30 days.

Dogecoin, Shiba Inu, Child Doge Coin Dip Decrease Dropping Between 12.8% and 19.4%

At the moment, the meme coin economic system is value practically 15 billion U.S. {dollars} and out of dozens of meme tokens, 25 of them have the time period “doge” of their identify. 18 of the tokens have the identify “shiba” and 30 crypto meme cash have the time period “canine” of their identify.

DOGE/USDT on September 23, 2022.

The oldest and largest meme crypto asset, by way of market capitalization, dogecoin (DOGE), continues to be a heavy hitter on the earth of cryptocurrencies. DOGE is the tenth largest crypto coin by market capitalization because it’s valued at $7.97 billion. Out of the complete meme token economic system, dogecoin’s market cap is 53.48% of the $14.9 billion.

SHIB/USDT on September 23, 2022.

The second largest meme token is shiba inu (SHIB) with its $6.33 billion market valuation. SHIB’s market cap represents 42.48% of the complete meme coin economic system and it’s ranked 13 among the many 12,983 crypto belongings in existence. Between DOGE and SHIB, the 2 meme tokens dominate the $14.9 billion in crypto meme cash by 95.96%.

BABYDOGE/USDT on September 23, 2022.

Out of the complete crypto economic system value $965 billion as we speak, the DOGE and SHIB market caps mixed equate to 1.483% on Friday, September 23, 2022. The third largest meme coin asset is child doge coin (BABYDOGE), however its market cap is far smaller at $178.90 million.

BABYDOGE’s market valuation equates to 1.2% of the complete crypto meme economic system. Over the past two weeks, child doge coin misplaced 3.3% and over the previous month, the meme token is down 16.4%.

5 months in the past, the meme coin economic system was in significantly better standings and was coasting alongside at $33.7 billion on the time. At the moment, at $14.9 billion, the meme coin economic system has misplaced 55% in USD worth since then.

Whereas DOGE, SHIB, and BABYDOGE had a lackluster week, a handful of meme tokens noticed double-digit positive aspects this previous week. For example, iotexshiba (IOSHIB) is up 48.3%, metadoge (METADOGE) has climbed 47.9%, and boss (BOSS) has risen 43.2% in opposition to the U.S. greenback in seven days.

When it comes to meme coin token losers this week, duckereum (DUCKER) misplaced 32.8%, shibaken finance (SHIBAKEN) shed 27.6%, and hoge finance (HOGE) is down 24.8%.

Tags on this story
Child Doge Coin, BABYDOGE, BOSS, Cash, crypto meme cash, Doge, DOGE and SHIB clones, dogecoin, duckereum (DUCKER), HOGE, hoge finance, iotexshiba (IOSHIB), Market Replace, Markets, meme, meme belongings, Meme Cash, Meme Tokens, meta doge, Costs, shib, shiba inu, shibaken finance (SHIBAKEN)

What do you consider the meme coin economic system’s current value motion? Tell us what you consider this topic within the feedback part under.

Jamie Redman

Jamie Redman is the Information Lead at Information and a monetary tech journalist dwelling in Florida. Redman has been an lively member of the cryptocurrency group since 2011. He has a ardour for Bitcoin, open-source code, and decentralized purposes. Since September 2015, Redman has written greater than 6,000 articles for Information concerning the disruptive protocols rising as we speak.

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