Dogecoin Shiba Inu fall: Meme Coins Face Hard Times as Trader Interest Shifts
In the crypto-verse, Dogecoin and Shiba Inu, widely recognized meme coins, have seen a ‘Dogecoin Shiba Inu fall’ with DOGE’s value descending by more than 1% and SHIB’s value dropping by 2%. This downward trend appears to be driven by a pessimistic investor outlook. Nevertheless, it’s not all doom and gloom in the world of meme coins. Meme Kombat (MK), a burgeoning game-centric token, continues to attract traders in light of its impending Uniswap debut. Unlike DOGE and SHIB, MK is in its presale stage, presenting a golden opportunity for early investors to immediately stake their tokens and potentially reap substantial annual percentage yields. Dogecoin’s price fluctuations are quite erratic, with the $0.079 mark serving as a baseline but also encountering resistance at the 50-day exponential moving average. Similarly, Shiba Inu, following a 14% uptick last week, has suffered a 7% fall from Tuesday’s peak. The introduction of the ‘XPayments’ account on X (previously known as Twitter) ignited speculations about possible crypto payments capabilities, causing a temporary price hike for DOGE. However, this price surge was fleeting, with the coin reverting to a downtrend this week. As Meme Kombat’s presale phase approaches its conclusion, it could potentially cause a major stir upon its launch, demonstrating that not all meme coins are struggling amid this downturn.
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