Top 3 Memecoins for Selling This Week

2024/04/08By:

Memecoins are under selling pressure, much like the broader market, as they decline from their highs from prior weeks.

 

 


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This week, the cryptocurrency market has moved in a sideways manner as systemic stress is increased by macroeconomic issues and mood has declined across the board. This week, top assets, AI tokens, tokens with a dog theme, and Solana memecoins all saw significant losses in value relative to memecoins.

 

Some assets have experienced a surge in value over the past day notwithstanding withdrawals, leading to a minor increase in pricing. As of the time of writing, the market capitalization of memecoin is $60.4 billion, down 1.3% over the previous day.

 

Several users are checking their assets before a drop, according to a recorded increase and recent outflows. In preparation for a bear market, here are three memecoins to unload.

 

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Cat in a dogs world (MEW)

 

This year, MEW has become more popular after the memecoin mania caused a boost in assets and a surge in inflows. Despite a 30% drop over the previous few days, MEW is up 13% today. The market mood around memecoins has been deteriorating, which has led to the weakened form.

 

 

 

Although the asset’s 24-hour volume is up at $88.8 million, multiple observers are of the opinion that memecoin volatility could impact the asset. The top memecoins saw losses of up to 40% last week as a result of broader market condition.

 

 

 

 

 

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Dogecoin (DOGE)

 

Since the market as a whole has been experiencing outflows, market watchers are concerned about the DOGE weekly data. According to on-chain data, Dogecoin has seen a 4% increase over the past 24 hours and a 12% decrease over the past week. The decline in the past week has reduced the monthly gain to 11%. Even though it’s the most popular memecoin, the token might still lose value if market sentiment turns negative.

 

 

 

 

Degen (BASE)

 

 

When it comes to memecoins, Degen has been one of the most reliable performers so far this year. This asset has gained 8% so far this week and 9.3% in the past 24 hours. Its gains from last month’s stellar results have been eroded by outflows, even as prices have soared.

 

There was a 310% increase in 14 days and a 1,659% increase in 30 days for the asset. A more negative outlook, according to most bears, could compound the dwindling momentum and further increase losses.

 


 

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Stay Informed: Keep track of market movements, news, and other variables that may affect cryptocurrency values. BTCC may offer real-time market data, trading charts, and analysis tools to assist you make informed trading decisions. Staying educated can help you optimize your trading tactics.

 

 

BTCC is one of the world’s oldest and most popular bitcoin exchanges. Bobby Lee created it in 2011, with its headquarters initially located in Shanghai, China. BTCC contributed significantly to the early development of the Bitcoin and cryptocurrency ecosystems.

 

BTCC initially concentrated on Bitcoin trading, but it gradually expanded its capabilities to cover other cryptocurrencies as well. The exchange allows users to purchase, sell, and trade numerous cryptocurrencies, including as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH), among others.

 

BTCC has received recognition for its strong trading platform, liquidity, and security precautions. The exchange provides features such as spot trading, margin trading, and futures trading to accommodate various types of traders and investors. It gives consumers real-time access to market data, order books, and trading charts, allowing them to make informed trading decisions.

 

BTCC has undergone various alterations throughout the years in order to adapt to the changing regulatory landscape. It expanded its activities abroad, opening offices in other countries to serve a global customer base. However, cryptocurrency legislation and availability may differ based on jurisdiction.

 

As the cryptocurrency market evolves, BTCC remains a significant player in the industry, providing a variety of services and contributing to the growth and development of the crypto ecosystem.

 



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