Tuesday, December 5, 2023
  • Login
EthozEdge
No Result
View All Result
  • Home
  • ETHO News
  • EVM News
    • Avalanche Network
    • Ethereum
    • Fantom Opera Chain
    • Harmony Chain
    • Huobi Eco Chain
    • Polygon Chain
  • Crypto News
    • Altcoin News
    • Bitcoin
    • Blockchain
    • Crypto Exchanges
    • Crypto Mining
    • Crypto Regulation News
    • DeFi
    • NFT
    • Metaverse
    • Scam News
    • Web 3.0
Cryptocurrency Marketcap
  • Home
  • ETHO News
  • EVM News
    • Avalanche Network
    • Ethereum
    • Fantom Opera Chain
    • Harmony Chain
    • Huobi Eco Chain
    • Polygon Chain
  • Crypto News
    • Altcoin News
    • Bitcoin
    • Blockchain
    • Crypto Exchanges
    • Crypto Mining
    • Crypto Regulation News
    • DeFi
    • NFT
    • Metaverse
    • Scam News
    • Web 3.0
No Result
View All Result
EthozEdge
No Result
View All Result
Home Crypto News Bitcoin

Meme Token Carnage — DOGE, SHIB Prices Sink Lower, Dogecoin Down 82% Since Last Year – Market Updates Bitcoin News

by ethozedge
May 8, 2022
in Bitcoin
Reading Time: 5 mins read
A A
0
Share on FacebookShare on Twitter


Today’s top meme coins have lost 4.8% in value against the U.S. dollar, as the crypto market carnage has wreaked havoc across the entire digital currency economy. While dogecoin had a phenomenal year in 2021, over the past 12 months, dogecoin lost 82.8% against the USD.

DOGE Tapped an All-Time High a Year Ago Today, Meme Coin Value Is Down 82% Since That Point

Meme coin assets are down this week following the rest of the crypto economy’s downward spiral. Statistics show that dogecoin (DOGE) has shed 14% in value during the past month and 30 day stats show shiba inu (SHIB) is down 24%.

Meme Token Carnage — DOGE, SHIB Prices Sink Lower, Dogecoin Down 82% Since Last Year
DOGE/USD daily chart on May 8, 2022.

In the last day alone, the $28.3 billion worth of meme tokens lost 4.8% in value. DOGE lost 1.7% over the last seven days and this week SHIB has dropped by 6.8%. DOGE is also down 82.8% from the crypto asset’s all-time high on May 8, 2021, which was exactly a year ago today.

Meme Token Carnage — DOGE, SHIB Prices Sink Lower, Dogecoin Down 82% Since Last Year
SHIB/USD daily chart on May 8, 2022.

At that time, DOGE reached an ATH of around $0.731 per unit. Six months ago, SHIB tapped an ATH at $0.00008616 per unit and today it’s down 78% since that price point. Both DOGE and SHIB make up most of the $28.3 billion meme token market capitalization by representing 95% with a combined market valuation of around $26.9 billion today.

Google Trends Data Shows Interest in Dogecoin and SHIB Is Low

While most of the meme coin economy has shed significant value in recent times, a relatively unknown meme token called litedoge (LDOGE) has gained 400% this week. Poodl token (POODL) is up 34.2% and dogefi (DOGEFI) is up 27.3% during the past seven days. However, jejudoge (JEJUDOGE) has lost 44.6% this week, lets go brandon (LETSGO) is down 43.3%, and shiba fantom has shed 28.9% in value against the USD.

Meme Token Carnage — DOGE, SHIB Prices Sink Lower, Dogecoin Down 82% Since Last Year
Google Trends (GT) data on May 8, 2022.

Meme tokens were all the rage last year, but interest seems to be dwindling fast. After hitting a Google Trends (GT) score of 100 last May, this year during the same weekly timeframe, the search phrase “dogecoin” has scored a three. SHIB hit a 100 in October and GT data shows the search term “SHIB” has scored a four this week, according to worldwide statistics.

Tags in this story
Cryptocurrencies, Digital Currencies, Doge, dogecoin, Dogecoin (DOGE), dogefi, Gains, JEJUDOGE, litedoge, Losses, markest, Market Update, Meme Coins, Meme Cryptos, Meme Markets, Meme Tokens, Poodl, Prices, shib, shiba inu, shiba inu (SHIB)

What do you think about the meme coin market carnage and the lack of interest in SHIB and dogecoin these days? Let us know what you think about this subject in the comments section below.

Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today.




Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

More Popular News

In Case You Missed It





Source link

Tags: Bitcoinbitcoin newsCarnagecrypto analysiscrypto newsDOGEDogecoinEthoz EdgeLatest bitcoin newslatest crypto newsMarketMemeNewspricesSHIBSinkTokenUpdatesyear
Share76Tweet47

Related Posts

1.7 Million Addresses Hit 2-Year High

by ethozedge
December 5, 2023
0

Several on-chain metrtics demonstrate the growing optimism about Cardano (ADA). Concurrently, the cryptocurrency has managed to break through a significant...

BlackRock Dedicates $100K in Initial Seed Funding for Proposed Spot Bitcoin [BTC] ETF

BlackRock Dedicates $100K in Initial Seed Funding for Proposed Spot Bitcoin [BTC] ETF

by ethozedge
December 5, 2023
0

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.The...

US Fugitive Involved In Crypto Scheme To Aid North Korea Arrested In Spain, Faces 20-Year Term

by ethozedge
December 5, 2023
0

Spanish authorities have detained Alejandro Cao de Benos, a Spanish aristocrat, over allegations that he ran a crypto scheme and...

Bitcoin Price Prediction for Today, December 4 – BTC Technical Analysis

by ethozedge
December 4, 2023
0

Join Our Telegram channel to stay up to date on breaking news coverage The Bitcoin price prediction shows that BTC...

Shiba Inu Open Interest Falls Behind General Crypto Market, What This Means For Price

by ethozedge
December 4, 2023
0

The entire crypto market has seen a steady increase in open interest (OI) over the last few months. But the...

Load More
  • Trending
  • Comments
  • Latest

🔴 Bank of America Bets on Crypto

April 11, 2022

Pomelo Launches Family Credit Cards to Combine Credit and International Money Transfer

August 16, 2022

How to Add Polygon (MATIC) to Your MetaMask Wallet

May 28, 2022

The Sandbox Price Prediction 2022-2030: HODL or DUMP?

May 25, 2022

Successful Beta Service launch of SOMESING, ‘My Hand-Carry Studio Karaoke App’

0

At least 54 apes were stolen in BAYC Instagram hack

0

Binance Introduces New Crypto Card for Ukrainian Refugees

0

55,000 Meta Cricket League NFTs sell out in nine minutes

0

Bitcoin (BTC) Stopped at $42K, Stacks (STX) Skyrockets 33% Daily (Market Watch)

December 5, 2023

1.7 Million Addresses Hit 2-Year High

December 5, 2023

Societe Generale Issues First Digital Green Token on Ethereum Mainnet Network

December 5, 2023
BlackRock Dedicates $100K in Initial Seed Funding for Proposed Spot Bitcoin [BTC] ETF

BlackRock Dedicates $100K in Initial Seed Funding for Proposed Spot Bitcoin [BTC] ETF

December 5, 2023
Facebook Twitter LinkedIn Tumblr RSS
EthozEdge

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at EthozEdge

CATEGORIES

  • Altcoin News
  • Avalanche Network
  • Binance Smart Chain
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Mining
  • Crypto Regulation News
  • DeFi
  • Ethereum
  • EVM News
  • Fantom Opera Chain
  • Harmony Chain
  • Huobi Eco Chain
  • Metaverse
  • NFT
  • Polygon Chain
  • Scam News
  • Web 3.0
  • XDai Chain

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - EthozEdge.
EthozEdge The Crypto is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • ETHO News
  • EVM News
    • Avalanche Network
    • Ethereum
    • Fantom Opera Chain
    • Harmony Chain
    • Huobi Eco Chain
    • Polygon Chain
  • Crypto News
    • Altcoin News
    • Bitcoin
    • Blockchain
    • Crypto Exchanges
    • Crypto Mining
    • Crypto Regulation News
    • DeFi
    • NFT
    • Metaverse
    • Scam News
    • Web 3.0

Copyright © 2022 - EthozEdge.
EthozEdge The Crypto is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • JDBJDB(JDB)$0.021575-0.61%
  • bitcoinBitcoin(BTC)$41,822.000.74%
  • ethereumEthereum(ETH)$2,211.12-0.88%
  • USDEXUSDEX(USDEX)$1.07-0.47%
  • tetherTether(USDT)$1.000.06%
  • binancecoinBNB(BNB)$230.700.71%
  • rippleXRP(XRP)$0.61-0.82%
  • solanaSolana(SOL)$60.39-2.05%
  • usd-coinUSDC(USDC)$1.000.14%
  • staked-etherLido Staked Ether(STETH)$2,207.19-0.97%
  • cardanoCardano(ADA)$0.400318-0.43%
  • dogecoinDogecoin(DOGE)$0.0893852.42%
  • tronTRON(TRX)$0.102914-0.35%
  • chainlinkChainlink(LINK)$15.40-0.86%
  • ToncoinToncoin(TON)$2.370.91%
  • avalanche-2Avalanche(AVAX)$22.101.21%
  • matic-networkPolygon(MATIC)$0.79-0.29%
  • polkadotPolkadot(DOT)$5.56-0.08%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$41,768.000.73%
  • Wrapped stETHWrapped stETH(WSTETH)$1,865.020.37%
  • shiba-inuShiba Inu(SHIB)$0.0000093.84%
  • daiDai(DAI)$1.000.04%
  • litecoinLitecoin(LTC)$72.03-1.78%
  • bitcoin-cashBitcoin Cash(BCH)$240.45-1.70%
  • uniswapUniswap(UNI)$6.04-1.56%
  • leo-tokenLEO Token(LEO)$3.71-0.54%
  • okbOKB(OKB)$56.95-2.49%
  • stellarStellar(XLM)$0.120708-0.94%
  • moneroMonero(XMR)$168.82-0.78%
  • KaspaKaspa(KAS)$0.139906-0.97%
  • true-usdTrueUSD(TUSD)$1.000.28%
  • cosmosCosmos Hub(ATOM)$9.591.03%
  • ethereum-classicEthereum Classic(ETC)$19.55-1.12%
  • crypto-com-chainCronos(CRO)$0.094555-0.34%
  • Aerarium FiAerarium Fi(AERA)$7.15-13.10%
  • internet-computerInternet Computer(ICP)$4.96-0.55%
  • BSCEXBSCEX(BSCX)$237.310.49%
  • nearNEAR Protocol(NEAR)$2.195.02%
  • filecoinFilecoin(FIL)$4.610.18%
  • hedera-hashgraphHedera(HBAR)$0.0643863.43%
  • lido-daoLido DAO(LDO)$2.34-1.60%
  • AptosAptos(APT)$7.442.98%
  • BittensorBittensor(TAO)$327.250.67%
  • thorchainTHORChain(RUNE)$6.34-4.80%
  • immutable-xImmutable(IMX)$1.441.42%
  • vechainVeChain(VET)$0.0240022.42%
  • MantleMantle(MNT)$0.55-2.91%
  • blockstackStacks(STX)$1.1627.52%
  • binance-usdBUSD(BUSD)$1.00-0.05%
  • optimismOptimism(OP)$1.73-1.75%
  • quant-networkQuant(QNT)$100.400.38%
  • GGTKNGGTKN(GGTKN)$0.1121310.76%
  • the-graphThe Graph(GRT)$0.1527893.72%
  • aaveAave(AAVE)$96.75-2.80%
  • terra-lunaTerra Luna Classic(LUNC)$0.0002422.48%
  • injective-protocolInjective(INJ)$16.13-1.56%
  • ArbitrumArbitrum(ARB)$1.07-1.49%
  • makerMaker(MKR)$1,457.78-1.79%
  • render-tokenRender(RNDR)$3.55-6.64%
  • Rocket Pool ETHRocket Pool ETH(RETH)$2,420.11-0.90%
  • elrond-erd-2MultiversX(EGLD)$49.83-0.02%
  • CelestiaCelestia(TIA)$8.62-2.51%
  • algorandAlgorand(ALGO)$0.1519690.71%
  • flowFlow(FLOW)$0.7914.88%
  • havvenSynthetix Network(SNX)$3.57-2.91%
  • theta-tokenTheta Network(THETA)$1.125.35%
  • First Digital USDFirst Digital USD(FDUSD)$1.000.08%
  • ORDIORDI(ORDI)$50.4824.35%
  • EdgecoinEdgecoin(EDGT)$1.00-0.03%
  • bitcoin-cash-svBitcoin SV(BSV)$50.13-1.93%
  • iotaIOTA(IOTA)$0.318693-4.40%
  • the-sandboxThe Sandbox(SAND)$0.4433094.73%
  • axie-infinityAxie Infinity(AXS)$6.965.66%
  • kucoin-sharesKuCoin(KCS)$9.5215.34%
  • fantomFantom(FTM)$0.3185903.89%
  • galaGALA(GALA)$0.03007710.74%
  • WEMIXWEMIX(WEMIX)$2.60-4.98%
  • decentralandDecentraland(MANA)$0.4632243.69%
  • BitDAOBitDAO(BIT)$0.592.96%
  • neoNEO(NEO)$11.92-0.16%
  • eosEOS(EOS)$0.721.96%
  • kavaKava(KAVA)$0.811.66%
  • WhiteBIT CoinWhiteBIT Coin(WBT)$5.490.97%
  • tezosTezos(XTZ)$0.870.58%
  • conflux-tokenConflux(CFX)$0.21347225.74%
  • mina-protocolMina Protocol(MINA)$0.741.90%
  • Bitget TokenBitget Token(BGB)$0.52-1.36%
  • usddUSDD(USDD)$0.99-0.24%
  • terra-luna-2Terra(LUNA)$1.1712.57%
  • xdce-crowd-saleXDC Network(XDC)$0.049851-2.72%
  • fraxFrax(FRAX)$1.000.16%
  • klay-tokenKlaytn(KLAY)$0.2032260.93%
  • Frax EtherFrax Ether(FRXETH)$2,207.41-0.81%
  • illuviumIlluvium(ILV)$107.76-0.78%
  • Tokenize XchangeTokenize Xchange(TKX)$8.190.37%
  • CheeleeCheelee(CHEEL)$12.051.07%
  • SuiSui(SUI)$0.635.65%
  • frax-shareFrax Share(FXS)$8.58-2.63%
  • sapphireSapphire(SAPP)$0.7035.32%
  • SeiSei(SEI)$0.2945704.44%
  • Pyth NetworkPyth Network(PYTH)$0.4281394.81%
  • CloutContractsCloutContracts(CCS)$52.461,000.00%
  • rocket-poolRocket Pool(RPL)$30.800.95%
  • pancakeswap-tokenPancakeSwap(CAKE)$2.35-0.35%
  • ecasheCash(XEC)$0.000031-0.47%
  • apecoinApeCoin(APE)$1.632.50%
  • PepePepe(PEPE)$0.00000110.52%
  • BlurBlur(BLUR)$0.530.10%
  • gatechain-tokenGate(GT)$4.20-2.46%
  • BeamBeam(BEAM)$0.0122754.87%
  • dydxdYdX(ETHDYDX)$3.09-3.07%
  • fetch-aiFetch.ai(FET)$0.52-0.66%
  • curve-dao-tokenCurve DAO(CRV)$0.59-0.84%
  • chilizChiliz(CHZ)$0.0775281.58%
  • arweaveArweave(AR)$8.223.07%
  • radixRadix(XRD)$0.050607-0.86%
  • compound-ethercETH(CETH)$44.39-0.98%
  • gnosisGnosis(GNO)$198.15-4.32%
  • casper-networkCasper Network(CSPR)$0.04373725.21%
  • marumaruNFTmarumaruNFT(MARU)$0.25242622.62%
  • gasGas(GAS)$7.80-1.10%
  • trust-wallet-tokenTrust Wallet(TWT)$1.201.55%
  • Rollbit CoinRollbit Coin(RLB)$0.163202-0.77%
  • Staked Frax EtherStaked Frax Ether(SFRXETH)$2,353.32-1.05%
  • tether-goldTether Gold(XAUT)$2,025.29-1.91%
  • terrausdTerraClassicUSD(USTC)$0.055234-2.89%
  • cWBTCcWBTC(CWBTC)$838.780.14%
  • pax-goldPAX Gold(PAXG)$2,018.30-1.96%
  • bittorrentBitTorrent(BTT)$0.000000-1.44%
  • binaryxBinaryX(BNX)$165.94-5.94%
  • gmxGMX(GMX)$49.76-4.81%
  • Coinbase Wrapped Staked ETHCoinbase Wrapped Staked ETH(CBETH)$2,331.31-0.93%
  • nexoNEXO(NEXO)$0.810.98%
  • osmosisOsmosis(OSMO)$0.72-2.10%
  • Halo CoinHalo Coin(HALO)$0.057352-0.04%
  • paxos-standardPax Dollar(USDP)$1.000.08%
  • aelfaelf(ELF)$0.6417.79%
  • zcashZcash(ZEC)$30.70-1.27%
  • convex-crvConvex CRV(CVXCRV)$1.47183.77%
  • huobi-tokenHuobi(HT)$2.74-1.66%
  • FLOKIFLOKI(FLOKI)$0.00004421.79%
  • woo-networkWOO Network(WOO)$0.2324600.03%
  • FlareFlare(FLR)$0.0142592.33%
  • oasis-networkOasis Network(ROSE)$0.081488-2.35%
  • KujiraKujira(KUJI)$3.31-4.04%
  • stepnSTEPN(GMT)$0.2883427.43%
  • zilliqaZilliqa(ZIL)$0.0229424.02%
  • heliumHelium(HNT)$2.75-3.34%
  • akash-networkAkash Network(AKT)$1.77-3.03%
  • 1inch1inch(1INCH)$0.3642121.16%
  • iotexIoTeX(IOTX)$0.04017137.86%
  • AstarAstar(ASTR)$0.0711342.79%
  • msolMarinade staked SOL(MSOL)$69.46-2.04%
  • BonkBonk(BONK)$0.00000610.56%
  • singularitynetSingularityNET(AGIX)$0.305195-0.06%
  • huobi-btcHuobi BTC(HBTC)$41,067.00-3.35%
  • dashDash(DASH)$31.90-0.55%
  • MemecoinMemecoin(MEME)$0.04223739.09%
  • merit-circleMerit Circle(MC)$0.831.59%
  • basic-attention-tokenBasic Attention(BAT)$0.2420330.55%
  • DogechainDogechain(DC)$0.001787-24.98%
  • RoninRonin(RON)$1.308.22%
  • 0x0x Protocol(ZRX)$0.4181154.17%
  • nemNEM(XEM)$0.0389975.23%
  • compound-governance-tokenCompound(COMP)$51.401.98%
  • Aleph ZeroAleph Zero(AZERO)$1.371.84%
  • siacoinSiacoin(SC)$0.0063490.84%
  • apenftAPENFT(NFT)$0.000000-0.70%
  • qtumQtum(QTUM)$3.09-0.04%
  • ocean-protocolOcean Protocol(OCEAN)$0.546.25%
  • mask-networkMask Network(MASK)$3.867.53%
  • AxelarAxelar(AXL)$0.64-4.86%
  • EthereumPoWEthereumPoW(ETHW)$2.93-0.63%
  • bitcoin-goldBitcoin Gold(BTG)$18.01-2.49%
  • enjincoinEnjin Coin(ENJ)$0.3111332.70%
  • convex-financeConvex Finance(CVX)$3.77-2.91%
  • ribbon-financeRibbon Finance(RBN)$0.358090-4.51%
  • holotokenHolo(HOT)$0.0017242.95%
  • superfarmSuperVerse(SUPER)$0.681.46%
  • CyberHarborCyberHarbor(CHT)$10.12-49.84%
  • theta-fuelTheta Fuel(TFUEL)$0.047328-0.12%
  • SafePalSafePal(SFP)$0.715.41%
  • celoCelo(CELO)$0.584.40%
  • chiaChia(XCH)$31.9418.14%
  • loopringLoopring(LRC)$0.2348153.93%
  • mx-tokenMX(MX)$2.89-1.47%
  • WorldcoinWorldcoin(WLD)$2.410.11%
  • ankrAnkr Network(ANKR)$0.0286198.69%
  • yearn-financeyearn.finance(YFI)$8,451.95-0.99%
  • justJUST(JST)$0.031382-0.20%
  • safemoonSafeMoon [OLD](SAFEMOON)$0.0000000.05%
  • Shib Original VisionShib Original Vision(SOV)$0.00000012.40%
  • BeldexBeldex(BDX)$0.046176-0.23%
  • jasmycoinJasmyCoin(JASMY)$0.0056343.29%
  • ethereum-name-serviceEthereum Name Service(ENS)$9.00-0.64%
  • Lido Staked SOLLido Staked SOL(STSOL)$69.13-2.09%
  • Nexus MutualNexus Mutual(NXM)$45.58-0.72%
  • FasttokenFasttoken(FTN)$1.310.51%
  • audiusAudius(AUDIO)$0.225517-3.57%
  • sushiSushi(SUSHI)$1.35-0.57%