Dogecoin and Shiba Inu’s prices have tanked in the past week, sending meme coin enthusiasts searching for stability.
The recent price downturn has sparked concern among their communities, raising questions about their long-term viability. Shiba Inu, not to be outdone by its predecessor, also soared earlier this year to $0.0000157 but has since dropped 38% to $0.0000096. Although this appeal has nothing to do with Dogecoin or Shiba Inu, its implications for the crypto market could be far-reaching.
As newer coins with more promising prospects emerge, the allure of $DOGE and $SHIB has taken a hit – resulting in the recent price declines.As legacy meme coins like Dogecoin and Shiba Inu falter, the new meme tokenThe project recently launched a presale for its $SONIK token, raising over $29,000 in the first two days.
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