- Meme coins are struggling to regain their recent highs.
- The fear and greed index of the global crypto market stays in neutral sentiment.
The crypto market has been wading in the market dip. Several tokens hit new lows reflecting the intensity of the bearish phase. Among all altcoins, meme coins experienced a considerable downfall in August.
The leading cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH) are struggling to maintain their price at a moderate pace. Currently, BTC is trading below $60K and ETH within the $2.5K range.
The global crypto market has witnessed a decline of 10% in market cap in August. Moreover, the fear and greed index stays at 46, indicating a neutral sentiment in the market. According to CMC data, the meme coins that witnessed maximum loss over the last 30 days are BOME, BRETT, BONK, and WIF.
BOME
Book of Meme (BOME) has considerably declined over the past month, noting a 44.39% plunge. The meme coin hit the lowest of $0.005389 on August 5. Since then, the asset failed to maintain a stable price momentum. It fluctuated within the range between $0.007749 and $0.00602. BOME continued the loss till last week by 13.52%.
Currently, the asset is trading at $0.006236, with a spike of 0.77%. Whereas, the trading volume is down by 24.40%.
BRETT
The meme coin witnessed a drop of over 40% in the last 30 days. BRETT encountered a steady low at $0.06146 on the 5th of August. The token price varies between the $0.01056-$0.07449 range.
BRETT extended its loss over the past week by 12.82% and at the time of writing, BRETT is down by 1.20%, trading at $0.08162. The daily trading volume plunged by 22.75%.
BONK
BONK has displayed a drop of 33.67% in the past month, and on August 5, the meme coin traded the lowest at $0.00001608. BONK’s price has fluctuated severely from $0.00002172 to $0.0000179.
BONK was down by over 5.60% in the last week. The meme coin is currently trading at $0.00001801, with a drop of 2.89% and its trading volume plunged by 17.39%.
WIF
dogwifhat (WIF) showcased a 34.49% decline over the last 30 days. The meme coin recorded its lowest price on August 5 at $1.1234,. In this timeframe, WIF struggles to maintain a stable pace, fluctuating between $1.9145 and $1.5329. The meme coin continued in the bear hold by dropping over 5.60%.
At press time, WIF traded at $1.54, marking a 3.65% drop in the last 24 hours, with a decrease of 10.96% in trading volume.
Several notable meme coins have declined over the past month, including PEPE, which was down by 33.70%. DOGE and SHIB followed with a plunge of 21.60% and 15.55%, respectively.
Disclaimer: The opinions expressed in this article are solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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