Ethereum

Shiba

Bitcoin

Coin

<ul class="news-points">
 <li>The meme coin market faces double-digit losses, reflecting the broader crypto sector’s bearish trend.</li>
 <li>DOGE and SHIB hit significant lows, raising concerns about future support levels.</li>
 <li>PEPE, WIF, and BONK continue to decline, struggling amidst widespread sell-off pressure.</li>
</ul>
The once vibrant and humorous world of meme coins has taken a severe hit as SHIB, DOGE, PEPE, WIF, and BONK prices plummet. Fueled by internet culture and viral trends, these digital tokens have seen their market values nosedive, resulting in double-digit losses for the Meme Coin Index.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXcWLaN3wj1Tt1YgyBTZjAvpi3i_7p78u7DjPd9YfvaLtKVy6Kc1TYA0zyjHNsurRHUhCszpHpI-qIgGlw5iPTGxJuVBz7ysqhSxKFVtztTZk06QK4HbMB59LLy34vR7c8CvkKvGOARfFhy-3NizhjtDMRjB?key=_1oKIVwEdpnHp9Ql7-4aNQ" alt="">
</figure>
Source: <a href="https://coinmarketcap.com/view/memes/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap</a>
This sharp decline reflects a broader bearish sentiment sweeping through the crypto sector, raising critical questions about the sustainability and future of meme-based currencies. The downturn is not limited to meme coins alone, as major altcoins have also experienced significant declines.
For instance, Bitcoin dipped over 3% today as it retested the $58.3K mark, while Ethereum saw a 4.69% slump, stabilizing above the $3.2K mark.
<h2 class="wp-block-heading" id="h-shib-and-doge-prices-in-bloodbath">SHIB and DOGE Prices in Bloodbath</h2>
Amid the broader market’s bearish sentiment, Shiba Inu’s SHIB and Dogecoin’s DOGE tokens have significantly d…
The post <a href="https://coinedition.com/double-digit-losses-hit-meme-coin-index-amid-bearish-crypto-sentiment/" rel="noopener noreferrer nofollow">Double-Digit Losses Hit Meme Coin Index Amid Bearish Crypto Sentiment</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Double-Digit Losses Hit Meme Coin Index Amid Bearish Crypto Sentiment

Table of Contents

Coin Edition

Other articles published on Jul 4, 2024

Telegram Initiates Gaming Accelerator with Helika

Worldcoin Sentiment Improves, But March Highs Remain A Distant Dream

Memeland Brings Meme Culture to Japan at IVS Crypto 2024 Kyoto

Kamala Harris’ ($KAMA) memecoin rises by over 250% as pressure for Biden’s retirement increase

IRS unveils new crypto tax rules: Are they a good thing?

Binance Word of the Day Answers

Join our free newsletter for daily crypto updates!