Latest on Meme Coins: Dogecoin, BabyDogeCoin, Shiba and Floki!
Meme coins, which experienced an incredible rise last year, took their share from the general decline of the market. Although the biggest meme token Dogecoin raised its head under the influence of Elon Musk, this rise did not last long and Dogecoin eased to the levels before the Twitter news. So what levels can be seen in meme tokens in the short term.
The largest meme coin supported by Elon Musk rose to $ 0.17 with the effect of the latest news. However, as the price fell at the time of writing, Bitcoin finds buyers at $ 0.139. Elon Musk , who officially bought Twitter, made many statements. Of course, there are parts of these that interest Dogecoin investors. For example , he said that Dogecoin can be used in Twitter Blue payments ( Twitter ‘s paid subscription system).
However, there is no such thing in the 90-day business plan shared by the AAVE founder, who was appointed as the interim CEO of Twitter. Instead, there are some integration goals about the Ethereum Name Service Token (ENS) and Ethereum. We’ll likely read more about Dogecoin as the company takes full control of Elon Musk. In this case, DOGE may offer serious earning opportunities in the coming period. Or Elon messes up all the stuff like he did on The SNL Show and the price drops even further.
Dogecoin is again in 11th place. In the last rise, he managed to enter the top 10 again.
BabyDogeCoin, Shiba and Floki
The total market cap of Meme Coins has relaxed to $31.9 billion as of today. The lion’s share here is in Dogecoin ‘s withdrawal. Trading volume, on the other hand, fell 57% to $2.9 billion, again due to Dogecoin losing enthusiasm. Baby Doge Coin is priced at $0.00000002246 at the time of writing. It was down 13% on a weekly basis and Twitter didn’t get any benefit from the news. Daily volume eased to $6.7 million. It may not be reasonable to expect a rise for BaybDoge before entering a general bull period in the markets . Floki Inu ( FLOKI) finds buyers at $0.00002072. On a weekly basis, losses are 30% and investors have written serious losses since the last peak. That’s the downside of these tokens, which make you feel like you can get rich because they’re cheap.
The second largest meme token Shiba Inu ( SHIB ) received the long-awaited news in a timely manner. It’s unfortunate that the Robinhood listing coincided with the decline period. With this news, the price could test ATH during the bullish period. However, whales continue to be interested in this token. The critical zone for Shiba Inu is 0.00002 support. In the scenario where the price drops below $0.000018, there will be a probability of getting a zero per head. However, it seems difficult for the price to visit these regions due to both their work on the metaverse side and the intense interest of whales. It should also be noted that the cost of large whales is below 4 zeros. Shiba Coin finds buyers at $0.00002303 at the time of writing.