Meme currencies

Meme currencies out of top 10 despite significant recovery

Meme currencies out of the top 10 despite significant recovery after the recent bearish cycle. DOGE holds 12th position in the crypto market with a market cap of $21 billion. Rival meme currency, SHIB, with a market cap of $17 billion stands at 13th position.

Meme currencies out of top 10 race:

In the last two bullish cycle meme currencies, SHIB and DOGE, have been very prominent due to their price gain. DOGE has made an ATH around $0.70 while aiming to hit the $1 price. This also has been the case with SHIB. The hype around the tokens helped them to cross the $40 billion market cap. After crossing this mark, both entered into the top 10 race.  The end of 2021 was the time when the downfall of the whole crypto market started.

The whole crypto market including meme currencies is recovering from the recent crash. This recovery has been very significant for both DOGE and SHIB. But still, both tokens have to go a long way before reaching their ATH.

Meme currencies

DOGE touched the price mark of $0.70 aiming to cross $1 per unit. But after reaching the ATH, a  decline of the token started that resulted in the token reaching as low as $0.12. According to CoinMarketCap, the token is holding 12th spot in the crypto market with a market cap of $21 billion.

SHIB has also seen 63% recovery from its monthly low of $0.00002 which helped to maintain a market cap of $17 billion. It means both meme currencies are out of the top race as of now.     

Read more here.

About mnmansha

MN Mansha is a cryptocurrency expert, trader, and content writer with extensive experience in covering everything related to digital assets — from price analysis to Blockchain disruption. Mansha authored 100+ stories for NewsBSC.com and other fintech media outlets and he's actively writing more every day. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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