Memecoins
The 3 best dog themed memecoins to sell
Crypto assets continue their sideways movement over the past 24 hours, with dog-themed memecoins posting slight gains. These gains are not widespread and many outflows from core assets reduce weekly gains. While major assets have fallen, fairly new memecoins have seen inflows as traders look to pivot to trending assets.
At press time, the memecoin The market capitalization stands at $55.1 billion, up 6% over the past 24 hours, while dog-themed tokens are at $43.7 billion, up 6% over the same period. Here are the best dog-themed memecoins to sell in current market conditions.
Shiba Inu
Shiba Inu (SHIB) the price is at 0.00002338, after a series of outflows in recent weeks. The memecoin’s market capitalization stands at $13.7 billion, while daily trading volumes amount to $926 million. In the last 24 hours, the SHIB collapsed by 4.3%, bringing the weekly movements back into the red zone with exits of 1.5%.
Over the long term, SHIB price has seen many positive results with recent negative flows leaving a bearish mark on investments. Memecoin holders are often very fluid during short-term corrections to avoid losses.
Dogwifhat
Cagnetta (WIFE) has grown to become one of the leading dog-themed memecoins in recent months experiencing a number of inflows. However, recent market liquidations have seen it lose profitable positions in the market. WIF price is $2.97, a decline of 4.7% in the last 24 hours. The asset has also fallen 8.2% this week, accentuating the bearish sentiment.
One of the main reasons why the asset makes the best dog-themed memecoins to sell is a decline in daily trading volumes and on-chain activity. Although its market capitalization is $2.9 billion, the asset lost the flow recorded in the first quarter of 2024.
CorgiAI
CorgiAI (CORGIAI) is a dog-themed memecoin to be sold in the short term due to heavy losses incurred in recent weeks. The asset is down 4.5% today and 16.6% over the past seven days. Monthly losses also reached 38.4% as asset losses flowed.
Read also: Why Cardano Price Could Rise 1,500% Soon: Analysts Face ADA
David is a financial news contributor with 4 years of experience in Blockchain technology and cryptocurrencies. He is interested in learning about emerging technologies and has an eye for the latest news. Staying up to date on trends, David has reported in several niches including regulation, partnerships, cryptocurrencies, stocks, NFTs, etc. Away from the financial markets, David cycles and rides horses.