While crypto-asset markets have shed billions during the last week, the top meme tokens coins by market capitalization have seen deeper losses than most coins. The two main digital assets meme dogecoin and shiba inu have posted double-digit losses in the past seven days. The top meme tokens coins by market capitalization today are worth $60.7 billion losing 3.5% in value over the last 24 hours.
Dogecoin and Shiba Inu lose double-digit numbers last week
During the year, memes-based crypto assets were all the rage and many of them gained significant value in 2021.
The top two meme-based cryptocurrencies dogecoin (DOGE) and shiba inu (SHIB) were once top ten contenders in terms of market capitalization. However, today, after suffering a few losses, dogecoin and shiba inu came out of the top ten.
Dogecoin (DOGE) is the largest meme-based crypto asset in terms of overall valuation. DOGE is also the 11th largest market cap out of 10,975 coins in existence today. The crypto asset has a market valuation of around $ 28.9 billion, with dogecoin losing 16.7% in value over the past week.
Dogecoin trade volume has slid as well to $995 million DOGE swaps during the last 24 hours. DOGE is trading 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 offers a 12 month return of around 6200%.
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% over the past 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 price of shiba inu 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 a decline in recent times, 30-day statistics show that 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 coins fell this week, as a slew of lesser-known memes-based crypto assets posted 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 meme currency the top performing meme-based asset over the past week.
