{"id":576272,"date":"2024-02-22T02:00:34","date_gmt":"2024-02-22T02:00:34","guid":{"rendered":"https:\/\/uniquehot.com\/?p=576272"},"modified":"2024-02-21T18:12:11","modified_gmt":"2024-02-21T18:12:11","slug":"top-memecoins-face-pullback-amid-recent-market-rally","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/top-memecoins-face-pullback-amid-recent-market-rally\/","title":{"rendered":"Top Memecoins Face Pullback Amid Recent Market Rally"},"content":{"rendered":"

The recent market rally has shown positive signals for many cryptocurrencies and has filled investors with optimistic expectations for the near future.<\/p>\n

Ignited by the ongoing Bitcoin Exchange-traded Fund (ETF) frenzy, whale accumulation, and meaningful updates from different projects, the market has shown significant growth during the first two months of 2024.<\/p>\n

Related Reading: Shiba Inu: Shibarium Transaction Activity Spike Amid Market Growth<\/a><\/div>\n

Memecoins Face Pullback Despite Growing Market<\/h2>\n

In the last week, Bitcoin and Ether, the two largest cryptocurrencies by market capitalization, have met important milestones that have set the tone for the general market.<\/p>\n

BTC surpassed the $50,000 resistance zone 9 days ago and has shown strong support above this level ever since. Similarly, this Tuesday, Ether momentarily surpassed the $3,000 support zone for the first time in almost two years. Both milestones have fueled investor\u2019s excitement<\/a> for the crypto market.<\/p>\n

Nonetheless, the market showed signals of a momentary slowdown this Wednesday after many cryptocurrencies started seeing a red light decelerating their numbers.<\/p>\n

According to CoinGecko data, meme coins are not an exception. The sector’s market capitalization has declined 7.0% in the last 24 hours, currently at $21.9 billion and a total daily trading volume of $1.35 billion.<\/p>\n

\"Memecoins,<\/p>\n

Top 10 memecoins by market capitalization. Source: CoinGecko<\/pre>\n
Top Memecoins Among The Biggest Losers<\/h2>\n
As the chart above illustrates, eight of the top ten memecoins face a price downtrend in the 1-hour, one-day, and seven-day timeframes. Pepe (PEPE), dogwifhat (WIF), and FLOKI were among the biggest losers since yesterday. However, CorgiAI (CORGIAI) and PepeFork (PORK) prices show green numbers simultaneously.<\/p>\n
The top 3 memecoins by market capitalization follow the same trend as the memecoin market. At the time of writing, the prices of Dogecoin (DOGE), Shiba Inu (SHIB), and Bonk (BONK) are displaying negative numbers.<\/p>\n
Bonk<\/h3>\n
BONK is leading the red path as the biggest loser in the memecoin top 10. Recently, the cryptocurrency saw a revival<\/a> by its meteoric 25% on-day rally that propelled it back to the top 100 cryptocurrencies.<\/p>\n
The memecoin sits at the 114th spot of all cryptocurrencies, with a market capitalization of $692.3 million, representing a 5.8% decrease in the last 24 hours.<\/p>\n
BONK is trading at $0,00001148, indicating a 9.3% and 17.6% price drop in the last 24-hour and seven-day timeframes, respectively.\u00a0 However, the token\u2019s daily trading volume shows a 10,9% increase compared to yesterday, signaling a recent rise in market activity.<\/p>\n
Dogecoin<\/h3>\n
As previously reported<\/a>, DOGE has shown signs of embarking on a bullish recovery after whale activity fueled the rise in trading volume. The ecosystem\u2019s activity increased in the last month, with more than 1 million transactions being processed daily since January 30.<\/p>\n
DOGE\u2019s trading activity on the last day revealed a 39.3% decline in market activity for the token, with $597.9 million worth of trading volume.<\/p>\n
According to CoinGecko, its market capitalization sits at $11.88 billion. This indicates a 25% one-day decrease in performance that leaves the token out of the top 10 cryptocurrencies by this metric. Likewise, DOGE\u2019s price shows a 3.5% pullback during the last day, currently trading at $0.083.<\/p>\n
Shiba Inu<\/h3>\n
SHIB, like DOGE and BONK, has seen a considerable price reduction since yesterday and is currently trading at $0,09399, a 3.8% decrease in this time frame. While its market capitalization has also reduced in the last day (a 2.71% decrease), the daily trading volume for the 19th<\/sup> largest cryptocurrency has increased 15% in the previous 24 hours, at $300.8 million.<\/p>\n
Despite the recent data signaling a momentary loss of momentum for the memecoin market, it\u2019s worth noting that the top 3 memecoins by market capitalization saw positive performance in the 14-day time frame. In the last two weeks, BONK has seen a 12.7% price upsurge, while DOGE and SHIB have increased a notable 5.6% and 5.9%, respectively.<\/p>\n
\n
Related Reading: Crypto Riches: Altcoin Holders Swim In Profits, But There\u2019s A Potential risk<\/a><\/div>\n<\/div>\n
\"\"<\/p>\n
Altcoins market capitalization at $226.114 billion in the 1-day chart. Source: TradingView.com<\/a><\/pre>\n
Featured image from Unsplash.com, Chart from TradingView.com and Coingecko.com<\/div>\n","protected":false},"excerpt":{"rendered":"
The recent market rally has shown positive signals for many cryptocurrencies and has filled investors with optimistic expectations for the near future. Ignited by the ongoing Bitcoin Exchange-traded Fund (ETF) frenzy, whale accumulation, and meaningful updates from different projects, the market has shown significant growth during the first two months of 2024. Related Reading: Shiba Inu: Shibarium Transaction Activity Spike Amid Market Growth Memecoins Face Pullback Despite Growing Market In the last week, Bitcoin and Ether, the two largest cryptocurrencies by market capitalization, have met important milestones that have set the tone for the general market. BTC surpassed the $50,000 resistance zone 9 days ago and has shown strong support above this level ever since. Similarly, this Tuesday, Ether momentarily surpassed the $3,000 support zone for the first time in almost two years. Both milestones have fueled investor\u2019s excitement for the crypto market. Nonetheless, the market showed signals of a momentary slowdown this Wednesday after many cryptocurrencies started seeing a red light decelerating their numbers. According to CoinGecko data, meme coins are not an exception. The sector’s market capitalization has declined 7.0% in the last 24 hours, currently at $21.9 billion and a total daily trading volume of $1.35 billion. Top 10 memecoins by market capitalization. Source: CoinGecko Top Memecoins Among The Biggest Losers As the chart above illustrates, eight of the top ten memecoins face a price downtrend in the 1-hour, one-day, and seven-day timeframes. Pepe (PEPE), dogwifhat (WIF), and FLOKI were among the biggest losers since yesterday. However, CorgiAI (CORGIAI) and PepeFork (PORK) prices show green numbers simultaneously. The top 3 memecoins by market capitalization follow the same trend as the memecoin market. At the time of writing, the prices of Dogecoin (DOGE), Shiba Inu (SHIB), and Bonk (BONK) are displaying negative numbers. Bonk BONK is leading the red path as the biggest loser in the memecoin top 10. Recently, the cryptocurrency saw a revival by its meteoric 25% on-day rally that propelled it back to the top 100 cryptocurrencies. The memecoin sits at the 114th spot of all cryptocurrencies, with a market capitalization of $692.3 million, representing a 5.8% decrease in the last 24 hours. BONK is trading at $0,00001148, indicating a 9.3% and 17.6% price drop in the last 24-hour and seven-day timeframes, respectively.\u00a0 However, the token\u2019s daily trading volume shows a 10,9% increase compared to yesterday, signaling a recent rise in market activity. Dogecoin As previously reported, DOGE has shown signs of embarking on a bullish recovery after whale activity fueled the rise in trading volume. The ecosystem\u2019s activity increased in the last month, with more than 1 million transactions being processed daily since January 30. DOGE\u2019s trading activity on the last day revealed a 39.3% decline in market activity for the token, with $597.9 million worth of trading volume. According to CoinGecko, its market capitalization sits at $11.88 billion. This indicates a 25% one-day decrease in performance that leaves the token out of the top 10 cryptocurrencies by this metric. Likewise, DOGE\u2019s price shows a 3.5% pullback during the last day, currently trading at $0.083. Shiba Inu SHIB, like DOGE and BONK, has seen a considerable price reduction since yesterday and is currently trading at $0,09399, a 3.8% decrease in this time frame. While its market capitalization has also reduced in the last day (a 2.71% decrease), the daily trading volume for the 19th largest cryptocurrency has increased 15% in the previous 24 hours, at $300.8 million. Despite the recent data signaling a momentary loss of momentum for the memecoin market, it\u2019s worth noting that the top 3 memecoins by market capitalization saw positive performance in the 14-day time frame. In the last two weeks, BONK has seen a 12.7% price upsurge, while DOGE and SHIB have increased a notable 5.6% and 5.9%, respectively. Related Reading: Crypto Riches: Altcoin Holders Swim In Profits, But There\u2019s A Potential risk Altcoins market capitalization at $226.114 billion in the 1-day chart. Source: TradingView.com Featured image from Unsplash.com, Chart from TradingView.com and Coingecko.com<\/p>\n","protected":false},"author":614,"featured_media":570775,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[87477,90834,87535,1785,7,79600,85699,83668,83667],"class_list":["post-576272","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bonk","tag-bonk-correction","tag-dog-memecoin","tag-doge","tag-dogecoin","tag-dogeusdt","tag-memecoin","tag-shib","tag-shiba-inu"],"acf":[],"yoast_head":"\nTop Memecoins Face Pullback Amid Recent Market Rally<\/title>\n<meta name=\"description\" content=\"The crypto market growth has filled investors with excitement. 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Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered, quickly learning that financial freedom was at the palm of her hand with the developing technology. From a young age, Rubmar was curious about how languages work, finding special interest in wordplay and the peculiarities of dialects. Her curiosity grew as she became an avid reader in her teenage years. She explored freedom and new words through her favorite books, which shaped her view of the world. Rubmar acquired the necessary skills for in-depth research and analytical thinking at university, where she studied Literature and Linguistics. Her studies have given her a sharp perspective on several topics and allowed her to turn every stone in her investigations. In 2019, she first dipped her toes in the crypto industry when a friend introduced her to Bitcoin and cryptocurrencies, but it wasn\u2019t until 2020 that she started to dive into the depth of the industry. As Rubmar began to understand the mechanics of the crypto sphere, she saw a new world yet to be explored. At the beginning of her crypto voyage, she discovered a new system that allowed her to have control over her finances. As a young adult of the 21st century, Rubmar has faced the challenges of the traditional banking system and the restrictions of fiat money. After the failure of her home country\u2019s economy, the limitations of traditional finances became clear. The bureaucratic, outdated structure made her feel hopeless and powerless amid an aggressive and distorted system created by hyperinflation. However, learning about decentralization and self-custody opened a realm of opportunities. Cryptocurrencies allowed her to experience financial control for the first time and expand her financial education. Moreover, the peculiar nature of the crypto community sparked Rubmar\u2019s curiosity about the other layers of the industry. As a result, she found a particular interest in discovering the diverse perspectives of investors, market watchers, experts, and developers. Her attempts to better understand the crypto space made her realize the strong links of the community with other industries, enriching her perspective of the sector. As someone who spends most of her day online, Rubmar enjoys finding the points where the crypto world meets with her other passions and hobbies \u00ad\u2013or her favorite memes. In her free time, she usually finds joy in different art forms. As a child, she enlisted in every extra-curricular activity in her hometown, including music classes, dancing, jewelry making, and the local chorus. 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Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered, quickly learning that financial freedom was at the palm of her hand with the developing technology. From a young age, Rubmar was curious about how languages work, finding special interest in wordplay and the peculiarities of dialects. Her curiosity grew as she became an avid reader in her teenage years. She explored freedom and new words through her favorite books, which shaped her view of the world. Rubmar acquired the necessary skills for in-depth research and analytical thinking at university, where she studied Literature and Linguistics. Her studies have given her a sharp perspective on several topics and allowed her to turn every stone in her investigations. In 2019, she first dipped her toes in the crypto industry when a friend introduced her to Bitcoin and cryptocurrencies, but it wasn\u2019t until 2020 that she started to dive into the depth of the industry. As Rubmar began to understand the mechanics of the crypto sphere, she saw a new world yet to be explored. At the beginning of her crypto voyage, she discovered a new system that allowed her to have control over her finances. As a young adult of the 21st century, Rubmar has faced the challenges of the traditional banking system and the restrictions of fiat money. After the failure of her home country\u2019s economy, the limitations of traditional finances became clear. The bureaucratic, outdated structure made her feel hopeless and powerless amid an aggressive and distorted system created by hyperinflation. However, learning about decentralization and self-custody opened a realm of opportunities. Cryptocurrencies allowed her to experience financial control for the first time and expand her financial education. Moreover, the peculiar nature of the crypto community sparked Rubmar\u2019s curiosity about the other layers of the industry. As a result, she found a particular interest in discovering the diverse perspectives of investors, market watchers, experts, and developers. Her attempts to better understand the crypto space made her realize the strong links of the community with other industries, enriching her perspective of the sector. As someone who spends most of her day online, Rubmar enjoys finding the points where the crypto world meets with her other passions and hobbies \u00ad\u2013or her favorite memes. In her free time, she usually finds joy in different art forms. As a child, she enlisted in every extra-curricular activity in her hometown, including music classes, dancing, jewelry making, and the local chorus. Despite her many attempts to learn different instruments, Rubmar only knows how to play the xylophone, which she played for 7 years in her school\u2019s marching band. She also has a passion for learning new languages and cultures, having set the goal to learn another six languages \u00ad\u2013 currently attempting to learn Italian and Korean. Scrapbooking, paper crafting, and bookbinding are her biggest interests outside of work, constantly taking classes and attending workshops to learn new techniques. The rest of her free time is spent stressing over football matches and transfer market news or feeding cats \u2013hers or stray. 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