Bonk , FLOKI , and dogwifhat have also suffered from massive losses. WIF is down by as much as 14% over the past 24 hours. Cardano Reaches Lowest Level of 2024, Again, Shiba Inu Hits Critical Reversal Level, Ethereum Hits Awful $3,600 ReversalMeme coins, which are perceived as high-risk speculative assets, are reacting to Bitcoin's weakness.
Every meme coin with a market cap over $200 million is in the red. Notably, cat in a dogs world is the only exception after adding 2.4%. As of now, XRP remains the only top 100 cryptocurrency in the green after unexpectedly decoupling from Bitcoin on Monday. that another altcoin season was unlikely to happen due to the fact that the excess savings of American households have now dried up after peaking in 2021. Coincidentally, many altcoins are still far away from their 2021 peaks despite Bitcoin reaching a new all-time high earlier this year. Dogecoin and Shiba Inu, the biggest meme coins, are down 83.3% and 79%, respectively.
Cardano Reaches Lowest Level of 2024, Again, Shiba Inu Hits Critical Reversal Level, Ethereum Hits Awful $3,600 ReversalEarn More Than in a Bank With Special Programs From TFS TokenCardano Reaches Lowest Level of 2024, Again, Shiba Inu Hits Critical Reversal Level, Ethereum Hits Awful $3,600 Reversal