Dogecoin and Shiba inu have both seen a pullback over the last few days.
Dogeverse, a player that is making waves, has raised over $6.7 million in its current presale phase.
Dogecoin continues its rough stretch with a 14% drop
Dogecoin is having a tough time lately.
Since Monday, the world’s largest meme coin lost 14% of its worth to be trading at $0.144.
This nearly wipes out all the gains DOGE made in its recent upswing, and brings it dangerously near to the lows that it reached last Saturday during geopolitical tensions.
DOGE has posted a daily red close on 6 out of 7 days.
The 24-hour trading volume has also decreased from the levels seen early in last week. The number of slipping billions has slipped to $2,1 billion.
The meme coin could be on track for its third consecutive bearish week-end – something which hasn’t occurred since December 2023.
Dogecoin’s price is telling a very different story. While Dogecoin fans remain passionate in social media, it does not match the passion they display.
It remains to be determined if this is a simple correction, or the beginning of something worse.
SHIB Caught Up in Meme Coin Downturn & Plunges 8%
Shiba Inus are not immune either.
SHIB is down 8% from Monday to hover around $0.0000219.
Shiba Inu has seen a significant price drop, despite the fact that it was previously trading at a bullish rate.
SHIB spot volume has seen a major drop in trading activity Plummeting by 31 % Last day
In the last week, the meme token has been unable to maintain any momentum. Its price is mostly moving sideways due to the undecisive nature of the market.
If the sales continue, SHIB may be heading for its third consecutive weekly bearish candle.
The charts for Shiba Inu aren’t too promising from a technical standpoint at this time.
Analysts have noted a possible bear flag formation in the daily timeframe.
This pattern, while still speculative in nature, could indicate further decline if SHIB breaches the lower boundary of around $0.0000210.
Dogeverse’s revolutionary cross-chain approach to market dip enables it to defy the decline.
A newcomer has defied the downward trend, even though momentum for Dogecoin (and Shiba inu) is stalled.
DogeverseThe presale of a meme token with multiple chains that allows its holders to earn stake rewards has been a huge success.
The project has announced that it raised $6.7 Million from eager investors.
Dogeverse, the popular meme coin app, has now reached 5,000 users. Followers on Twitter In a few weeks.
Even the hype is spreading CoinSniperDOGEVERSE has now been ranked the 5th hottest pre-sale on the platform.
Dogeverse is gaining popularity for its novel cross-chain and tokenomics concept.
DOGEVERSE, unlike many other meme coins that have come before, won’t limit itself to a single blockchain.
It will instead launch on multiple Layer-1 Chains like Ethereum, Binance Chain Solana and Polygon.
The multi-chain model offers investors a great deal of flexibility while eliminating the risk associated with being restricted to one network.
There are also the High stakes rewards DOGEVERSE owners can easily generate passive income.
Jacob Bury is a YouTuber. Pointed outThis passive income, coupled with Dogeverse’s unique set-up, may result in the token being “100x”, once it is listed on exchanges.
While the meme coin industry struggles to keep up, projects such as Dogeverse pick up the slack, and create buzz in creative (and new) ways.
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