• Advertise
  • Submit a Press Release
  • About Us
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Play FinanceTry
  • Claim 7 BTCTry
No Result
View All Result
Breaking News: Bitfinex And Crypto Bank OrionX Forged Partnership To Broaden Presence In Latin America
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Play FinanceTry
  • Claim 7 BTCTry
No Result
View All Result
Bitcoin News
No Result
View All Result
Breaking News: Bitfinex And Crypto Bank OrionX Forged Partnership To Broaden Presence In Latin America
Meme coins

Is Meme Coin Season Back? Here’s What The Numbers Say

Best Owie by Best Owie
4 weeks ago
in Altcoin
Reading Time: 3 mins read

Meme coins are rallying once more with 1,000% increases in a matter of hours now becoming the order of the day. With so many new meme coins performing well in the market, it is starting to look like a repeat of the infamous 2021 meme coin season. However, unlike in 2021, a whole new set of tokens are leading the charge this time around.

Pepe Coin (PEPE) Triggers New Meme Run

Before Pepe Coin (PEPE) launched in mid-April, meme coins had become another fixture in the market, just moving along with the general crypto market trend. However, PEPE would rise from a $50,000 market cap to over $600 million in less than three weeks and what followed was euphoria that triggered another meme coin bull run.

Since PEPE’s success, a number of other meme coins have entered the market and many have found success as well across multiple chains. An example of this is the AIDOGE meme coin that launched on the Arbitrum blockchain around the same time as PEPE and in the two weeks that followed, the price of the cryptocurrency rose over 100x.

Related Reading: Ripple’s Q1 Report Shows That Investors Are Still Bullish On XRP, Here’s Why

Following the performance of both of these meme coins, activity spiked significantly on both blockchains with new coins entering the market. The next two weeks saw the entrance of new players such as WOJAK and SHIBAI, both of which have been listed on multiple centralized exchanges as well.

Ethereum’s decentralized exchange trading volume is now dominated by these new meme coins, as well as the newly listed token pages on both on-chain data aggregators Coinmarketcap and CoinGecko.

OG Meme Coins Take A Back Seat

While it seems the meme season is back in full bloom, the original meme coins are not enjoying any of the action. Instead, cryptocurrencies such as Dogecoin (DOGE) and Shiba Inu (SHIB) are still seeing losses during a time when these new meme coins are performing incredibly well.

For example, DOGE is changing hands at a price of $0.07822 at the time of this writing, with 24-hour losses of 0.84% and 7-day losses of 0.08%. In the same vein, SHIB is down 1.28% in the last day to be trading at $0.000009875. It has performed even worse on the weekly timeframe with a drawdown of 2.97%.

Dogecoin (DOGE) price chart from TradingView.com (Meme coins)

DOGE seeing losses on the 24-hour chart | Source: DOGEUSD on TradingView.com

Obviously, investors are looking toward newer meme tokens in a bid to catch the next 100x, and coins like DOGE and SHIB have already grown too much to give such returns. Hence the reason why new meme coins are getting all of the attention right now.

Related Reading: Kaspa (KAS), Render (RNDR), Injective (INJ) See Upside Amid Market Crash, What’s Going On?

Something investors should keep in mind is the large number of rugs that are also being deployed by scammers to take advantage of unsuspecting profit-chasers. So it is important to research new coins to ensure they are not honeypots or rugs before buying.

Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet… Featured image from Binance, chart from TradingView.com
Tags: AIDOGEdogememe coinmeme coinsPEPESHIB
Tweet123Share196ShareSend
Best Owie

Best Owie

Best Owie is a seasoned managing editor with a wealth of experience currently serving as the Managing Editor at NewsBTC. Best is a highly skilled professional with a track record of producing engaging and informative content. With a keen eye for detail and a passion for accuracy, Best is committed to ensuring that each article published meets the highest standards of quality. Best has over six years of experience in the crypto industry and has overseen the creation and publishing of thousands of articles over the years. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors. Best is a true professional in every sense of the word with an exceptional dedication to producing high-quality work.

Related Posts

Sui (SUI) Continues Downward Trend As Bears Maintain Control

Sui (SUI) Continues Downward Trend As Bears Maintain Control

1 day ago
Kava (KAVA) Price Rallies 10% In 7 days. Here's Why

Kava (KAVA) Price Rallies 10% In 7 Days – Here’s Why

1 day ago
Toncoin

Toncoin (TON) Continues Downward Trend As Bears Maintain Control

3 days ago
Altcoins

Altcoins Across The Sector Are Underbought: Santiment

3 days ago
Coinbase Base

When Is A Token Coming For Coinbase’s Base L2? Here’s What The Roadmap Says

4 days ago
Meme coin decline

Meme Coin Season May Be Over As PEPE, SHIB, DOGE, Continue Decline

7 days ago

Premium Partners

Play Finance

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Trust Dice

Trust Dice

Review · Visit
mBit

mBit

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit

Press Releases

  • OpenAI crypto project Worldcoin raises $115M Tradecurve to...

    9 mins ago
  • TMS Network (TMSN) Exceeds Popular Meme Coin Rivals Shiba...

    2 hours ago
  • Traders Union published the list of Best Forex Brokers in...

    5 hours ago
  • Coinbase battles with SEC users are moving to Tradecurve

    6 hours ago
  • Cardano to hit 1$, Floki inu braces for price breakout and...

    7 hours ago

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2022 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
  • Claim 7 BTC

© 2022 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.