Meme Coin Prices Among Top Crypto Losers – DOGS and FLOKI Lead the Plunge

These coins, DOGS and FLOKI, have stood out as the top losers within the top 100 cryptocurrencies, both experiencing a significant plunge of over 20% this week.

Meme coin prices have taken a hit recently, with two of the most prominent meme coins, Dogecoin Scrypt (DOGS) and Floki Inu (FLOKI), experiencing significant losses. Both coins are down over 20% in the past week, making them some of the top losers among the top 100 cryptocurrencies.

DOGS has lost 26.66% of its value over the last seven days, while FLOKI is down by 22.16%. These sharp declines highlight the growing skepticism among investors toward meme coins, especially in the current bear market conditions.

Being highly speculative tokens, meme coins have faced challenges in the downturn, with their prices fluctuating rapidly and largely influenced by market sentiment and hype. As a result, they tend to amplify both the gains and losses in the crypto market.

This downturn in meme coin prices is not entirely surprising, given that meme coins have been on a downward trend for some time now. Analysts suggest that the second half of the current market cycle could see more utility-based projects capturing investor interest.

However, some traders still remain optimistic about meme coins, like DOGS. A recent chart shared by CryptoJobs3 on X to his 33,000 followers suggests that the coin has broken its main downtrend and may be setting up for a pump toward the 0.00011500 resistance zone.

$DOGS The main downtrend has been broken✅A new test is underway⏳A pump toward the 0.00011500$ zone could happen ?#DOGS #trading #crypto pic.twitter.com/bhMUP6sC9K

Meanwhile, others, like CryptoDona7 on X, are still bearish on FLOKI, suggesting that the coin could drop to new lows below $0.0001 in the future price action.

$FLOKI Still bearish , one more lows will be made below $0.0001 again https://t.co/x3ACITwvAB pic.twitter.com/HIbHU6mTlC

Overall, the sentiment for meme coins remains largely bearish, with market participants waiting for more definitive signs of a reversal before making further moves. As meme coins like Dogecoin Scrypt (DOGS) and Floki Inu (FLOKI) struggle to regain their footing, attention is increasingly turning toward projects with more concrete use cases.

Analysts expect that utility-driven projects will take center stage in the next phase of the bull run, with investors prioritizing assets that offer real-world applications and long-term value.

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