Join Our Telegram channel to stay up to date on breaking news coverage
Crypto industry’s meme coin sector blew up about two years ago after Dogecoin (DOGE) saw a massive pump pushed by its community and aided by Elon Musk.
Since then, dozens of meme coins have emerged to join the likes of DOGE, and its greatest rival, Shiba Inu (SHIB).
However, two years later, many of the meme coins that launched since the rise of the meme coin sector are crashing down rapidly.
Another bearish wave has gripped the crypto market, and joke tokens are losing their value. Some of the biggest examples include MongCoin (MONG), Ben (BEN), 0xMeme (0xM), and RefundCoin (RFD).
Meme coins are seeing major price crashes
In the last 24 hours, BEN has performed the best out of the four mentioned cryptos, sinking by “only” 14.74% to the current price of $0.0000001023.
With a market cap of $42.7 million, this cryptocurrency currently ranks as the 2667th largest coin.
After that, we have MongCoin, which has seen a price drop of 35.17% in the last 24 hours, seeing its value sink to $0.0000000278.
This is the 2658th-largest crypto, with a market cap of $15.19 million. MONG is followed by RefundCoin, whose price dropped by 38.24% over the last day, currently at $0.000023.
With a market cap of $22.89 million, this meme coin ranks as the 2652th-largest cryptocurrency.
Finally, the meme coin that has seen the biggest losses is 0xMeme, which has just seen its price sink by 43.97% in the last 24 hours, dropping to its current value of $0.0003375.
With a market cap of only $328,590, this is the lowest-ranking of the four, currently standing as the 2988th-largest cryptocurrency.
A better alternative for meme coin fans
Of course, every sector of the crypto industry will have badly-performing cryptocurrencies. These coins and tokens sink deeply when the market starts to crash.
However, that doesn’t mean that there are no better alternatives.
In the meme coin sector, the hottest asset is Wall Street Memes (WSM) — a brand-new meme coin currently in the middle of its presale.
Right now, users can purchase each WSM at the price of $0.0259. Anyone interested will have a little over three days to buy WSM tokens before the current phase ends and the next one begins.
The next phase will bring the token’s price to $0.0262.
However, even this price is worth paying since the price will keep increasing as the project goes from one phase to another and eventually launches at a much higher price than in any stage of the presale.
The token has attracted massive attention in the meme coin community, and it already raised $1.8 million from its current goal of $2.03 million.
Those who decide to buy it can do it here by using ETH or USDT.
Related
- Meme Coins Flood The Crypto Market
- Top 5 Meme Coins with 10x Return Possible
- Best Memecoins To Explode Like Pepe Coin
Newest Meme Coin ICO - Wall Street Pepe
- Audited By Coinsult
- Early Access Presale Round
- Private Trading Alpha For $WEPE Army
- Staking Pool - High Dynamic APY
Join Our Telegram channel to stay up to date on breaking news coverage
