These meme coins are bleeding amid the latest crypto market crash.

TL; DR

Dogecoin (DOGE) and Shiba Inu (SHIB) recently experienced a decline of 5% and 6%. Other memecoins also saw drops, Floki Inu (FLOKI) gained 8% in one week. Analysts suggest the Shiba Inu's price may be at a low, hinting that it may rise. Shibarium, SHIB's Layer-2 blockchain solution, shows alarming developments, including a successful burning method.

SHIB, DOGE and others took a punch

The recent cryptocurrency market downturn has affected many digital assets, including many from the memecoin realm. According to data from CoinGecko, the one with the largest market capitalization – Dogecoin (DOGE) – has fallen more than 2% in the last 24 hours and is down 5% monthly.

The self-proclaimed Dogecoin killer – Shiba Inu (SHIB) – has fallen more than 6% in the last 30 days, while Pepe Coin (PEPE) has fallen more than 8%.

Bone Shibaswap (BONE), Doge Slayer (LEASH) and Dogelon Mars (ELON) were nosediving 17%, 13% and 8% respectively in the last month.

FLOKI is one of the few in green for that time. Additionally, it posted a whopping 8% gain over the past seven days.

Memecoins are one of the most interesting areas of the cryptocurrency sector. We have recently uploaded a video showing such major symptoms and their differences.

Did SHIB get the bottom?

Some experts and analysts have recently confirmed that the price of the Shiba Inu has bottomed out, which means that it is expected to come soon. One such example is X (Twitter) user $SHIB KNIGHT, who It is estimated. The price of the coin can jump by 300% in the near future.

The successful implementation of Shiba Inu's burning method and the further development of the layer-2 blockchain solution Shibarium were also listed as bullish factors.

The latter saw the light of the day at the end of August and has already completed several milestones. Most recently, he has arrived A milestone of one million blocks with increasing demand for features. Those interested in learning more about Shibarium and its purpose can watch our dedicated video below.