Crypto Performance: DOGE – SHIBA – BONE – PEPE – LEASH Down; FLOKI Up

Dogecoin (DOGE) and Shiba Inu (SHIB) have both faced recent declines, with DOGE down 5% and SHIB down 6%. Other meme coins have also seen drops, but Floki Inu (FLOKI) managed to gain 8% in the past week.

Join CryptosHeadline's Official Telegram Community Channel

Analysts are cautiously optimistic about SHIB’s potential for a price increase, as Shibarium, SHIB’s layer-2 blockchain solution, has been showing positive developments, including a successful burning mechanism.

SHIB, DOGE, and Other Meme Coins Face Tough Times

The recent cryptocurrency market decline has impacted many digital assets, especially those in the memecoin category. Dogecoin (DOGE), which has the largest market capitalization, dropped by more than 2% in the last 24 hours and is down nearly 5% for the month. Shiba Inu (SHIB), often considered a competitor to Dogecoin, has seen a decline of over 6% in the past 30 days, while Pepe Coin (PEPE) suffered a significant drop of more than 8%. Read More...