Bears have been hunting down cryptographic poems for quite some time. Most cryptocurrencies are almost 80 percent below record highs. He also spared meme coins.This wasn’t as surprising as Bitcoin, the King Coin. [BTC] It itself has witnessed a big dip and is stuck in the $ 20,000 zone.While this concept is protracted, the Shiba Inu-like meme coin [SHIB]Dogecoin [DOGE]And others sought more than just breathing, with wild benefits in their pockets.
According to data curated by CoinMarketCap, meme coins have been reported to have made significant profits in the last seven days. The world of meme cryptography is full of dogs. Most of these dogs took their treats home.
Unlike other assets, the OG memetic crypto, Dogecoin, maintained this trend. DOGE has skyrocketed by as much as 30% in the last two days. At the time of the press, this sentiment was present as altcoin rose nearly 10% and was trading at $ 0.077.
Thanks to this upward trend, Dogecoin was in the limelight.
Moving to the meme coin, which changed the face of cryptocurrency, Shiba Inu was widely adopted in the market. Everyone, from small real estate companies to fashion giant Gucci, wanted to accept the Shiba Inu.
Shiba Inu investors have called coins over and over again for their minimal surge. However, compared to the bear market, meme coins have emerged 41.52%. Currently, dog-themed meme ciphers are trading at $ 0.00001158, down 1.94 percent per day.
Other meme coins like Dogelon Mars [ELON] And Baby Doge coins [BabyDoge] This was followed by 47.54 percent and 39.13 percent, respectively. Most meme coins on the market reflect a similar trend.
Altcoins have nothing in meme coins
After a long stay in the bearish territory, most coins were trying to recover. But it was nothing compared to meme coins.Ethereum [ETH]The largest altcoin on the market, rose only 6.41 percent in a week.
There were other coins like XRP, BinanceCoin [BNB]And Solana [SOL] It managed to put double-digit profits in the bag. However, this was limited to 11-12 percent.
This data underscores the growing interest in meme coins in the bear market. Most altcoins are valuable, but investors seem to be heading into the world of meme coins.