{"id":2521,"date":"2024-06-11T07:12:24","date_gmt":"2024-06-11T07:12:24","guid":{"rendered":"https:\/\/cryptd.in\/meme-coin-bloodbath-pepe-floki-and-brett-among-the-poorest-perfomers\/"},"modified":"2024-06-11T07:12:24","modified_gmt":"2024-06-11T07:12:24","slug":"meme-coin-bloodbath-pepe-floki-and-brett-among-the-poorest-perfomers","status":"publish","type":"post","link":"https:\/\/cryptd.in\/sv\/meme-coin-bloodbath-pepe-floki-and-brett-among-the-poorest-perfomers\/","title":{"rendered":"Meme Coin Bloodbath: PEPE, FLOKI, and BRETT Among the Poorest Perfomers"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

The cryptocurrency market experienced a significant correction on June 11, affecting both major digital assets and meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB).
\nBeercoin (BEER) stood out by reaching an all-time high despite the downturn, highlighting the unpredictable and volatile nature of the sector.<\/p>\n

<\/a><\/p>\n

Memes are Bleeding<\/h2>\n

The cryptocurrency market started the week on the right foot, recovering some losses <\/span>that <\/span>had been<\/span> registered<\/span> in the past several days. However, another severe correction occurred on June 11, with Bitcoin (BTC) <\/span>plunging<\/span><\/a> below $68,000 and Ethereum (ETH) dropping to almost $3,500.<\/span><\/p>\n

The situation in the meme coin sector is <\/span>no better<\/span>.<\/span> The leaders in terms of market capitalization \u2013 Dogecoin (DOGE) and Shiba Inu (SHIB) \u2013 are down 3% each on a daily scale, while Pepe (PEPE) and Floki Inu (FLOKI) witnessed more painful declines.\u00a0<\/span><\/p>\n

The frog-themed <\/span>Brett (BRETT)<\/span><\/a>, which was on a massive bull run in the past several days, <\/span>headed south, too<\/span>.<\/span> Its price is currently hovering around $0.16, a 9% pullback in the past 24 hours but still a 33% weekly increase.<\/span><\/p>\n

One of the few meme coins defying the negative market trend is Beercoin (BEER). Several hours ago, its value reached an all-time high of approximately $0.00057044. <\/span>Currently,<\/span> it trades at roughly $0.0004969, a whopping 450% spike on a 14-day basis.<\/span><\/p>\n

<\/a>BEER Price, Source: CoinGecko<\/p>\n

ConstitutionDAO (PEOPLE), PONKE (PONKE), and Apu Apustaja (APU) are among the few other gainers, seeing minor price resurgence.<\/span><\/p>\n

A Stark Warning for Investors<\/span><\/h2>\n

The meme coin sector is capable of spewing tokens that experience substantial price increases in a short <\/span>period of time<\/span>, thus benefiting savvy traders who enter the ecosystem in the early days. There are numerous examples of people who<\/span> made millions<\/span><\/a> (at least in paper profits) due to dealing with the asset class.<\/span><\/p>\n

The latest pullback in the sector<\/span>, though,<\/span> should also serve as a <\/span>major<\/span> alert that jumping on the bandwagon can lead to crucial losses because of the enhanced volatility.<\/span>\u00a0<\/span><\/p>\n

Please take a look at our dedicated video to check the most common mistakes that successful traders need to avoid when delving into the matter:<\/span><\/p>\n\n

<\/div>\n

\u00a0<\/span><\/p>\n

Inl\u00e4gget Meme Coin Bloodbath: PEPE, FLOKI, and BRETT Among the Poorest Perfomers<\/a> publicerades f\u00f6rst p\u00e5 CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR The cryptocurrency market experienced a significant correction on June 11, affecting both major digital assets and meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB). Beercoin (BEER) stood out by reaching an all-time high despite the downturn, highlighting the unpredictable and volatile nature of the sector. Memes are Bleeding The cryptocurrency market started the […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2521","post","type-post","status-publish","format-standard","hentry","category-feeds"],"yoast_head":"\nMeme Coin Bloodbath: PEPE, FLOKI, and BRETT Among the Poorest Perfomers - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/sv\/meme-coin-bloodbath-pepe-floki-and-brett-among-the-poorest-perfomers\/\" \/>\n<meta property=\"og:locale\" content=\"sv_SE\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Meme Coin Bloodbath: PEPE, FLOKI, and BRETT Among the Poorest Perfomers - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"TL;DR The cryptocurrency market experienced a significant correction on June 11, affecting both major digital assets and meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB). 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