Meme Coin Meltdown? Shiba Inu Hints at Market Turnaround
- Meme coin prices crashed significantly in the past month.
- The meme coins market crashed nearly 50% in the last 30 days.
- Shiba Inu slid into a notable support region amid the meme coins crash.
Meme coins have had a rough month. The crypto category’s total market value dropped almost 50% in about 30 days. However, crypto analysts are watching individual tokens to see which one can stem the bearish pressure and force a fortune reversal.
According to data from the crypto aggregation platform CoinmarketCap, the total meme coins market capitalization dropped from $96.23 billion on January 27, 2025, to $57.41 billion as of February 26, marking a month of steady decline and reflecting a 43.63% crash.
Dogecoin and Shiba Inu Hit Hard
Many top meme coins took big losses when the whole cryptocurrency market faced heavy selling pressure. Dogecoin (DOGE), the biggest meme coin, lost 55% of its value. It went from a $0.4343 yearly high in mid-January to $0.2145 on February 25.
Notably, the across-the-board decline in meme coins pushed Shiba Inu (SHIB), the second-largest after DOGE, toward important support. 1 SHIB’s price path has made analysts curious, especi…
The post Meme Coin Meltdown? Shiba Inu Hints at Market Turnaround appeared first on Coin Edition.
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Meme Coin Meltdown? Shiba Inu Hints at Market Turnaround
- Meme coin prices crashed significantly in the past month.
- The meme coins market crashed nearly 50% in the last 30 days.
- Shiba Inu slid into a notable support region amid the meme coins crash.
Meme coins have had a rough month. The crypto category’s total market value dropped almost 50% in about 30 days. However, crypto analysts are watching individual tokens to see which one can stem the bearish pressure and force a fortune reversal.
According to data from the crypto aggregation platform CoinmarketCap, the total meme coins market capitalization dropped from $96.23 billion on January 27, 2025, to $57.41 billion as of February 26, marking a month of steady decline and reflecting a 43.63% crash.
Dogecoin and Shiba Inu Hit Hard
Many top meme coins took big losses when the whole cryptocurrency market faced heavy selling pressure. Dogecoin (DOGE), the biggest meme coin, lost 55% of its value. It went from a $0.4343 yearly high in mid-January to $0.2145 on February 25.
Notably, the across-the-board decline in meme coins pushed Shiba Inu (SHIB), the second-largest after DOGE, toward important support. 1 SHIB’s price path has made analysts curious, especi…
The post Meme Coin Meltdown? Shiba Inu Hints at Market Turnaround appeared first on Coin Edition.
Read More
Shiba Inu (SHIB) Bucks Market Slump With Unexpected Show Of Price Strength