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Home»Headlines»Meme Coins See Price Drops as New Alternatives Emerge in Crypto Market
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Meme Coins See Price Drops as New Alternatives Emerge in Crypto Market

News RoomBy News RoomJuly 20, 2024No Comments2 Mins Read
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Top meme cryptocurrencies like Dogecoin, Shiba Inu, and PEPE have seen significant price drops, impacting holders’ profitability. As these meme coins struggle, innovative tokens such as Pawfury are emerging as attractive alternatives with robust ecosystems and high-yield staking rewards

**Introduction **

Holders of the top meme cryptocurrencies Dogecoin (DOGE), Shiba Inu (SHIB), and PEPE have experienced significant declines in value over the past few weeks. According to IntoTheBlock’s “In/Out Of The Money” metric, a considerable portion of these assets’ holders have now fallen into a loss.

It’s worth noting that during times of volatility and decline in meme coins, innovative tokens like Pawfury (PAW) stand out. Pawfury (PAW) offers a robust ecosystem with high-yield staking rewards featuring competitive APY, providing an attractive alternative for investors.

Key Details:

  • Dogecoin (DOGE):

  • Decline: 24% in the last seven days, 41.8% in the last 30 days.

  • Profitability: 54.05% of holders (3.43 million addresses) still in profit; 27.93% (1.77 million addresses) at a loss.

  • Shiba Inu (SHIB):

  • Decline: 23.5% in the last seven days, 49% in the last 30 days.

  • Profitability: Only 20.47% of holders (274,540 addresses) in profit; 52.46% (703,700 addresses) in losses.

  • PEPE:

  • Decline: 34.5% in the last seven days, 45.6% in the last 30 days.

  • Profitability: 58% of holders (155,810 addresses) in profit; 32.36% (86,940 addresses) in losses.

Investors seeking alternatives amid these trends are considering innovative tokens like Pawfury (PAW). Pawfury’s low-entry presale price and robust ecosystem with high-yield staking rewards provide an accessible and potentially lucrative option for early investors.

Conclusion:

As meme coins like Dogecoin, Shiba Inu, and PEPE experience significant declines, new projects like Pawfury are gaining attention with their innovative features and growth potential. Amidst the current volatility in the cryptocurrency market, exploring these emerging alternatives could offer new opportunities for both short-term gains and long-term stability.

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