Dogecoin’s price is down more than 87% from its all-time high, and Shiba Inu has fallen by over 93%. Trading volumes across both meme coins have also declined as attention has moved elsewhere. Given these factors, investment in these meme coins has been pushed to the side in favor of other cryptocurrencies.
The Era Of The “Crime Coins”These coins often have a very high concentration of the supply, with more than 80% being held by insiders. With such a small supply float left in the market, it becomes very easy for market-makers to push up the price of these digital assets with volume.
