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Breaking News: Fed Holds Interest Rates Steady, Bitcoin Awaits Trend Reversal Above $27,000
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Breaking News: Fed Holds Interest Rates Steady, Bitcoin Awaits Trend Reversal Above $27,000
Meme coin
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Which Top Meme Coins Have Held Their Value Best Amid The Crypto Market Crash?

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

The performance of the top meme coins in the space has mostly mirrored the broader market crash triggered by Bitcoin’s decline toward the $25,000 level. However, while all of these digital assets have suffered losses during this time, some have held up better than others, leading to fewer losses on their part compared to their competitors.

Baby Doge Coin (BABYDOGE) Leads Meme Coins

This meme coin has surprisingly seen the best performance following the crash compared to its counterparts. While most top meme tokens have recorded double-digit losses, Baby Doge Coin (BABYDOGE)  managed to keep below the 10% loss level, coming in with only single-digit losses.

Related Reading: SHIB Burn Rate Jump 1,100% Amid Expectations Of Shibarium Relaunch

As data from the coin tracking website Coinmarketcap shows, BABYDOGE’s price decline over the last weeks came in 5.97%. This is in stark contrast to others that have come in above 10%, making BABYDOGE the meme token that has held its value best through the crash.

Dogelon Mars (ELON) Performs Well

Dogelon Mars (ELON) is another meme coin that has put up a tremendous fight against the bears in the last week. Just like BABYDOGE, the token came in with 10% losses in the last week, although by a much narrower margin.

The meme token is down 7.85% on the weekly chart, showing impressive resistance. And unlike BABYDOGE which is up 0.63% in the last day, Dogelon Mars (ELON) is seeing losses of 3.35% during this time period, putting it on par with other meme tokens struggling on Wednesday.

Dogecoin price chart from Tradingview.com (Meme coin)

DOGE price sitting at $0.0629 | Source: DOGEUSD on Tradingview.com

Dogecoin (DOGE) Holding Firm

While Dogecoin saw significant losses following the crypto crash last week, the leading meme coin has held its own, with its losses currently falling below 10%. DOGE’s losses on the weekly chart came out to 9.76%, ranking it third when it comes to meme tokens that have held their value.

Following in the same step as BABYDOGE, Dogecoin is starting to see gains on the daily chart. The cryptocurrency is seeing small gains of 0.61% at the time of this writing. Nevertheless, with a market cap of $8.9 billion, it remains the largest meme coin in the industry.

How Other Meme Coins Are Doing

The three meme coins listed above are the only meme tokens that have seen losses below 10%. Others such as  Pepe (PEPE), Shiba Inu (SHIB), FLOKI (FLOKI), and Bone ShibaSwap (BONE) have all performed way worse with losses of 15.71%, 16.23%, 19.12%, and 21.18%, respectively.

Related Reading: AVAX Price Bucks Under The Pressure Of Upcoming $102 Million Token Unlock

However, some of these tokens are beginning to see a light at the end of the tunnel. Out of these, BONE and SHIB seem to be on a reversal trend, recording 2.36% and 3.51% gains, respectively, on the 24-hour chart.

Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet… Featured image from Binance Academy, chart from TradingView.com
Tags: BABYDOGEdogeDogecoinDogecoin newselonFLOKImeme coinmeme coinsPEPESHIBShiba Inu
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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.

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