Market Cap for Meme Cryptos Like Dogecoin, Shiba Inu Drops by Billions November 22, 2021
Although crypto-asset markets have lost billions in the last week, top meme tokens by market capitalization have suffered deeper losses than other coins. In the past seven days, the top meme digital assets dogecoin (and shiba-inu) have suffered double-digit losses. Today’s top meme tokens coins, according to market capitalization, are worth $60.7 billion and have lost 3.5% over the past 24 hours.
Dogecoin, Shiba Inu lose double-digits last week
The popularity of meme-based crypto assets grew throughout the year and many have seen significant gains in value by 2021.
In terms of market capitalization, the top two meme-based cryptocurrency cryptocurrencies, dogecoin and shiba iu (SHIB), were once among the top ten. Today, both dogecoin (DOGE) and shiba Inu (SHIB) have fallen out of the top ten after some losses.
Dogecoin (DOGE), a meme-based cryptocurrency asset, is the most valuable in terms of total valuation. DOGE also has the 11th highest market capital out of the 10,975 coins currently in existence. As dogecoin lost 16.7% value in the past week, crypto assets have a market value of $28.9 Billion.
Dogecoin trade volume has slid as well to $995 million DOGE swaps during the last 24 hours. DOGE is swapping for $0.220 per unit at the time of writing and is over 69% lower than its all-time high (ATH).
DOGE captured an ATH of around $0.731 on May 8, 2021, around seven months ago. Despite the losses dogecoin still commands a 12-month return of around 6,200%.
Shiba inu (SHIB) today is the 12th largest market capitalization and the second largest in terms of meme-based coins. SHIB has lost 18.1% during the last week and has a market valuation of around $23.8 billion. SHIB is down more than 3% today and is swapping for $0.00004395 per unit.
The shiba inu price today is over 48% lower than the crypto asset’s ATH on October 28, at $0.00008616. At the time of writing there is $1.7 billion worth of global SHIB trade volume during the last 24 hours.
Despite being down in recent times, 30-day stats show SHIB is still up 57%. Moreover, SHIB’s 12-month return is also far larger than DOGE’s with a 62,589,642% increase.
Not all meme coins have been under this week as a slew of lesser-known meme-based crypto assets have seen double-digit gains.
Jomon shiba (JSHIBA), shih tzu (SHIH), shibance token (WOOF), the doge NFT (DOG), and dogebonk (DOBO) have jumped 11% to 84.4% during the last week. DOBO’s 84% gains made the meme currency the top-performing meme-based asset during the last week.
