Source

Pudgy Penguins

Pepe

Shiba Inu

PEPE

<ul class="wp-block-list news-points">
 <li>Meme coins DOGE and SHIB crashed 6.01% and 6.13%, respectively.</li>
 <li>Bitcoin (BTC) dropped to the $100,000 price level as well.&nbsp;</li>
 <li>In the past 24 hours, over $681.11 million in long positions were liquidated.</li>
</ul>
Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) — the top meme coins in the market — have taken a major hit, with DOGE and SHIB down over 6% and PEPE plummeting almost 11%.
According to CoinMarketCap <a href="https://coinmarketcap.com/view/memes/" target="_blank" rel="noopener noreferrer nofollow">data</a>, all meme coins have dropped by double-digital percentages in the last seven days after rising significantly in the past few months. The meme coin crash followed a broader market crash with Bitcoin (BTC) dropping to the $100K price level and Ether (ETH) trading at $3,600.
However, meme coins are an integral part of the digital asset space and have a massive market cap of $117.4 billion. So, this could potentially be a buying opportunity for the top-performing meme cryptocurrencies despite a broader market downturn. With a substantial $24.8 billion being traded in the meme coin space in the past 24 hours, the interest in the sector remains high.
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfIFrCQT1F0n4qNqOOwPZwOMd72JrFITXA9-4w0imJHHMtF1INUinxWjK6KG10-20nZmd4g7WEAdTUd3MOvcoiKvwZEIVXN_f6DoHKWfEUqjTDQCDgDG6ZV5gDT6NI0KAEDDGyt?key=waVlGq1Sbjsl2omFLigATdrW" alt="">
 <figcaption class="wp-element-caption"><a href="https://coinmarketcap.com/view/memes/" target="_blank" rel="noopener noreferrer nofollow">Source</a>
 </figcaption>
 </figure>
</div>
Interestingly, the only meme coin that is bullish at the time of writing is Pudgy Penguins (PEN…
The post <a href="https://coinedition.com/crypto-memes-on-sale-bargain-hunting-or-risky-bet/" rel="noopener noreferrer nofollow">Crypto Memes on Sale: Bargain Hunting or Risky Bet?</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Crypto Memes on Sale: Bargain Hunting or Risky Bet?

Coin Edition

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