Just a week or two ago, meme coins were in the most profit, leaving the rest of the altcoins behind. The term “meme season” was adopted by the community to celebrate the massive price jumps for meme coins. But that seems to end now, as most of these coins are down by 30% and suffering the most right now.
However, the rest of the cryptocurrencies are down as well, indicating a high market selling pressure. Bitcoin itself is seeing a downtrend as it has fallen to $64,428.90 rather than moving higher. Ethereum is down to $3335.6 and may go even lower, which is concerning as the Ethereum Dencun Upgrade has just happened.
These popular cryptocurrencies are one of the reasons why the meme coin prices are dropping recently but there’s more behind it.
Is Meme Coin Hype Dying?
On examining the data, the meme coin graphs are in red, signifying a price fall over the last few days. The number one meme coin, Dogecoin price is at $0.1324 after a 22.96% drop in a week. Shiba Inu is at $0.000025
We współpracy z: https://coingape.com/trending/is-meme-coin-hype-coming-to-an-end/
