Meme Coins in 2023: Drops $3 Billion in Value and What They Mean
The post Meme Coins in 2023: Drops $3 Billion in Value and What They Mean appeared on BitcoinEthereumNews.com. Dogecoin and Shiba Inu: Big Drops Meme coins, like Dogecoin and Shiba Inu, lost a lot of value in 2023. Dogecoin started the year worth $10.83 billion. Now, it’s worth $8.37 billion. That’s a drop of $2.46 billion. Even with this drop, Dogecoin is still a big part of the meme coin world. Shiba Inu also lost value, dropping by about $1.22 billion since January. Data reveals that the meme coin market has diminished by over $3 billion in value since the dawn of 2023. — Whale (@WhaleChart) October 15, 2023 Pepe: A Bright Spot While many meme coins lost value, Pepe (PEPE) did well. It added $284 million to its value. Now, it’s the third most valuable meme coin. Changes in the Meme Coin World Nine months ago, all meme coins together were worth $16.9 billion. Now, they are worth $13.7 billion. That’s a drop of 18.93%. Some coins, like Dogelon Mars (ELON), lost a lot of their value. But Pepe, which came out in April 2023, did well at first and then lost some value. Trading and How Coins Did Of all the money spent on crypto, only a small part was spent on meme coins. On October 15, 2023, meme coins made up 1.824% of all crypto trades. Some meme coins did well, like arbdoge ai and kishu inu. Others, like meta doge and mog coin, did not do well. What’s Next for Meme Coins? Meme coins can be risky. Some do well, and others do not. It’s hard to say what will happen next, but it’s always interesting to watch. Recommended posts More from Altcoin Source: https://cryptoticker.io/en/meme-coin-changes-2023/
The post Meme Coins in 2023: Drops $3 Billion in Value and What They Mean appeared on BitcoinEthereumNews.com.
Dogecoin and Shiba Inu: Big Drops Meme coins, like Dogecoin and Shiba Inu, lost a lot of value in 2023. Dogecoin started the year worth $10.83 billion. Now, it’s worth $8.37 billion. That’s a drop of $2.46 billion. Even with this drop, Dogecoin is still a big part of the meme coin world. Shiba Inu also lost value, dropping by about $1.22 billion since January. Data reveals that the meme coin market has diminished by over $3 billion in value since the dawn of 2023. — Whale (@WhaleChart) October 15, 2023 Pepe: A Bright Spot While many meme coins lost value, Pepe (PEPE) did well. It added $284 million to its value. Now, it’s the third most valuable meme coin. Changes in the Meme Coin World Nine months ago, all meme coins together were worth $16.9 billion. Now, they are worth $13.7 billion. That’s a drop of 18.93%. Some coins, like Dogelon Mars (ELON), lost a lot of their value. But Pepe, which came out in April 2023, did well at first and then lost some value. Trading and How Coins Did Of all the money spent on crypto, only a small part was spent on meme coins. On October 15, 2023, meme coins made up 1.824% of all crypto trades. Some meme coins did well, like arbdoge ai and kishu inu. Others, like meta doge and mog coin, did not do well. What’s Next for Meme Coins? Meme coins can be risky. Some do well, and others do not. It’s hard to say what will happen next, but it’s always interesting to watch. Recommended posts More from Altcoin Source: https://cryptoticker.io/en/meme-coin-changes-2023/
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