Meme Token Economy suffers after crypto market crash, DOGE and SHIB market caps lose billions – Bitcoin Planet markets and prices

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The valuation of the global cryptocurrency market has rebounded a lot from the initial slowdown after 12:00 a.m. EST on December 4, and on Sunday the crypto economy fell 1.4% in the past 24 hours. Meanwhile, the meme token’s market cap today is $ 47.2 billion, down 12.6% in the last day. Dogecoin has suffered greatly, losing 19.2% in the past seven days, while rival shiba inu has lost 9.7% in the last week.

Meme Token Economy takes the brunt of the crypto market carnage – Dogecoin drops 19% in one week

At the time of writing, the crypto memes token market economy is valued at $ 47.2 billion and has been hit hard by yesterday’s market carnage. Dogecoin (DOGE) is the largest token market cap at $ 21.5 billion, as each DOGE trades for $ 0.164 or 0.00000342 BTC per unit. DOGE is down 37.7% over the past month, but dogecoin is still up 4.863% year to date. On Sunday, December 5, there are $ 1.4 billion in global DOGE transactions, with Binance being the most active dogecoin exchange.

DOGE / USD on December 5, 2021.

Today, stablecoin tether (USDT) commands most dogecoin trades as the USDT captures 75.79% of Sunday’s DOGE pairs. Next come the USD (10.69%), BUSD (5.03%), BTC (3.96%) and EUR (2.05%). The Turkish Lira (TRY) orders 1.2% of all dogecoin pairs (DOGE) this weekend.

Besides Binance, other dogecoin exchanges active on Sunday include Huobi Pro, Huobi Korea, Okex, Bittrex, and Kraken. Into the Block statistics show that only 55% of DOGE holders make money at the current price. The concentration of large holders today is 60% and in the last seven days there have been $ 20.33 billion in transactions over $ 100,000 in dogecoin.

Shiba Inu Loses 9% This Week, 59% Less Than Crypto Asset Record

The second largest crypto meme asset is shiba inu (SHIB) who lost significantly less than DOGE this week. SHIB is down 9.7% this week and 27.6% in the past 30 days. But the gains since the start of the year are a whole different story, as SHIB has climbed 56,175,642%.

SHIB / USDT on December 5, 2021.

However, SHIB is still down 59.5% from the crypto asset’s all-time high of $ 0.00008616 on October 28. SHIB is the 13th largest crypto asset by market cap with $ 19.6 billion today. At the time of writing, SHIB’s global trade volume stands at $ 2.3 billion.

Similar to DOGE, the Binance trading platform is SHIB’s most active exchange on Sunday. Binance’s SHIB markets are tracked by volumes from Huobi Pro, Okex, and Coinbase. Tether (USDT) is SHIB’s # 1 trading pair with 41.9% of SHIB’s trading pairs. Next come the USD (23.51%), BUSD (19.63%), TRY (9.88%) and WETH (2.41%).

58% of SHIB holders are still beneficiaries and the concentration of large holders is now 78%. Into the Block statistics show that trades over $ 100,000 in the past seven days amounted to around $ 4.93 billion from SHIB.

Donkey, Meta Doge and Kitty Coin See Double-Digit 7-Day Gains, Catbonk and Fantom Doge Shed Large Losses

As DOGE and SHIB lost value in the last week, a number of other memes tokens have lost earlier gains as well. Over the past week dogelon mars (ELON) lost 19.3% and baby doge coin (BABYDOGE) fell 21.3% last week.

However, Donkey (DONK), Meta Doge (METADOGE), and Kitty Piece (KITTY) have seen double-digit gains over the past seven days. The biggest chip loser even last week was catbonk (CABO) losing 67% and fantom doge (RIP) losing 59%.

Tags in this story Baby Doge Coin, catbonk, crypto meme assets, Dog Coins, Dog Tokens, Doge, dogecoin, Dogecoin price, Dogelon, dogelon mars, Dogs, donkey, Elon Musk, fantom doge, Gains, kitty coin, Meme Coins, meta doge, shib, SHIB prize, shiba inu, Shiba Inu Gains

What do you think of the over 12% loss of the token economy over the past 24 hours and the weekly losses of dogecoin and shiba inu? Let us know what you think of this topic in the comments section below.

Image credits: Shutterstock, Pixabay, Wiki Commons

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