Memes in red as Dogecoin and Shiba Inu shed over 80% of their ATH
Based on recent price performance, the crypto market is at its lowest ebb for the first time in a very long time. According to data on CryptoSlate, most meme coins have lost more than 80% of their ATH value in this current market downturn.Data from CryptoSlate shows that the performance of assets in this class mirrors the general crypto market performance.
After an incredible run that took its ATH to around $69k in November last year, the flagship digital asset, Bitcoin, has shed over 50% of its value. It is currently trading for more than $30,000, recouping 4.6% of its value within the last 24 hours.Ethereum has also declined by almost 60% from its ATH, bouncing back by 4.3% within 24 hours. It is also currently trading close to $2000.Cardano’s ADA and Binance’s BNB have also recorded steep losses. ADA is over 80% away from its $3 ATH, while BNB is 51% away from its over $630 ATH.
Source
@Doge_ShibaInu
