Shiba Inu vs Dogecoin: Weekly Outflows Upset Top Meme Coins

The cryptocurrency advertise is energetic and ever-evolving, with certain tokens standing out due to their special advancements and promising prospects.

The cryptocurrency market is highly dynamic and ever-evolving, with certain tokens standing out due to their unique innovations and promising prospects. As we traverse 2024, Shiba Inu, Dogecoin, and Furrever Token emerge as the must-watch cryptos, each boasting distinct strengths and presenting exciting opportunities for investors.

Shiba Inu vs Dogecoin: Weekly Outflows Hit Top Meme Coins

Meme coins like Shiba Inu (SHIB) and Dogecoin (DOGE) have faced substantial outflows amid a broader bearish trend in the cryptocurrency market. These tokens, which once sparked bullish enthusiasm, are now experiencing a downturn alongside other crypto assets. Over the past 24 hours, meme coins have seen a 1% decrease, contributing to their now low week-over-week performance. The total market capitalization of meme coins currently stands at $49.2 billion, a striking drop from the highs over $68 billion last month.

Dogecoin and Shiba Inu Lead the Decline

Dogecoin and Shiba Inu, the pioneers of the meme coin market, recorded double-digit outflows in the last week, resulting in diminished market growth. Smaller capped meme coins also experienced critical outpourings, although a few newer assets saw slight upticks within the last 48 hours. Despite these minor picks up, overall sentiment remains bearish, and traders continue to reduce their meme coin holdings in the short term.

Dogecoin’s Struggles

Dogecoin is currently trading at $0.1238, showing a slight 0.4% gain after several days of sideways trading. However, the asset’s poor performance is evident in its week-to-week numbers, with a 12.3% decline, and a 26% drop in month-to-month figures. This sharp decrease has dampened optimism and bullish projections, as price fluctuations continue to challenge the market.

Day-to-day trading volumes for DOGE have also taken an 18% hit, reflecting the declines seen in other top crypto assets.

Shiba Inu’s Continued Decrease

Shiba Inu, the second-largest meme coin by market cap and Dogecoin’s primary competitor, remains in the red with daily outflows. Over the past seven days, SHIB has fallen 11.88%, decreasing its market cap to $10.3 billion. Day-to-day trading volumes are down 14%, further impacting potential speculations and signaling continuing challenges for the asset.

Furrever Token: Rewarding 10% Referral Program

The ongoing presale of Furrever Token has already raised over $1.4 million, with the phase currently in stage 9, aiming for a total of $1.9 million. The token, priced at $0.000732, offers the potential for up to 15X returns, making it an attractive investment. Furrever Token’s roadmap includes exciting future developments, like exclusive cute cat content, ensuring continuous engagement and rewards for its community. The project’s dedication to safety, certified by an audit from Securi Lab, also helps enhance its credibility.

Furrever Token presents a refreshing addition and locks in turn to the crypto market. Outlined with a cute cat-themed ecosystem, Furrever Token aims to provide a delightful user experience while offering substantial financial opportunities. One of its standout features is the innovative referral program, which allows users to earn 10% in $FURR Tokens for each deposit made through their unique referral link. This mechanism not only incentivizes community growth but also creates a stream of passive income for users.

Don’t miss your chance to add Furrever Token to your investment portfolio and get ready for the project set to dominate the meme coin sector. Visit www.furrevertoken.com to secure your tokens and become part of this exciting journey.

Join Furrever Token Presale Now:

Furrever Token Official Website   Visit Furrever Token Presale Join Official Telegram Group Follow Official X Account

News source：https://www.kdj.com/cryptocurrencies-news/articles/shiba-inu-dogecoin-weekly-outflows-upset-top-meme-coins.html

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