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Cryptopotato

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Image Credit: Cryptopotato

DOGE, SHIB, PEPE Plummet: Meme Coins Erase Gains Despite Early Post-Election Hype

  • Many cryptocurrencies, including meme coins, have erased all the gains accumulated since the 2024 United States Presidential Election.
  • Popular meme coins such as Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), Bonk (BONK), FLOKI (FLOKI), and dogwifhat (WIF) have experienced significant declines in their prices.
  • On the other hand, established cryptocurrencies like Bitcoin (BTC) and XRP have managed to retain their post-election gains and show relative strength amidst the market downturn.
  • The divergence between meme coins and established cryptocurrencies highlights the volatility and speculative nature of the meme coin market.

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