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 3 reasons why DOGE WIF and other memecoins are crashing

3 reasons why DOGE WIF and other memecoins are crashing


Published: 2024-04-10


1. Market Crash: The article discusses the recent crash in Dogecoin and other meme coins due to various factors such as market volatility,regulatory crackdowns on cryptocurrencies,and overall market sentiment. This has led to a significant decrease in the value of these coins and raised concerns among investors about the future of meme coins.

2. Regulatory Concerns: Regulatory concerns play a crucial role in the decline of meme coins like Dogecoin. The article highlights how increased scrutiny from regulatory bodies around the world,such as the SEC,has impacted the value of these coins. This has created uncertainty in the market and added to the selling pressure on meme coins.

3. Lack of Utility: Another factor contributing to the crash of Dogecoin and other meme coins is their perceived lack of utility and intrinsic value. The article discusses how these coins are primarily driven by hype and speculation,rather than any practical use case or underlying technology. This lack of substance makes them more susceptible to market fluctuations and investor sentiment. Overall,the article touches on the market crash affecting Dogecoin and other meme coins,regulatory concerns impacting their value,and the perceived lack of utility as key factors contributing to their recent decline.


Reference: cointelegraph.com

The most traded coin


(Update every 1 hour)
at from is ($US) turnover ($)
1 BTC title=BTC 60,405.81 2,730,191,129.33
2 ARS title=ARS 1,082.70 2,175,749,053.60
3 ETH title=ETH 2,981.61 1,480,431,775.54
4 SOL title=SOL 125.38 770,721,224.75
5 PEPE title=PEPE <0.01 356,902,030.92
6 ENA title=ENA 0.81 223,104,174.31
7 DOGE title=DOGE 0.13 192,269,811.08
8 XRP title=XRP 0.49 183,772,465.60
9 ETHFI title=ETHFI 4.02 158,876,958.20
10 WIF title=WIF 2.43 151,491,312.14
11 PENDLE title=PENDLE 4.17 107,896,601.09
12 BONK title=BONK <0.01 93,545,598.47
13 AVAX title=AVAX 32.48 90,755,922.87
14 NEAR title=NEAR 6.01 89,912,815.68
15 BOME title=BOME <0.01 85,751,720.98
16 RUNE title=RUNE 4.69 78,434,443.32
17 TRX title=TRX 0.12 71,615,675.60
18 ORDI title=ORDI 34.31 71,353,266.39
19 WLD title=WLD 4.39 67,969,790.14
20 AMP title=AMP <0.01 57,081,480.57
21 SUI title=SUI 1.10 54,843,377.95
22 SEI title=SEI 0.55 53,232,006.37
23 OP title=OP 2.35 52,830,323.55
24 MATIC title=MATIC 0.66 51,943,386.63
25 ADA title=ADA 0.44 49,595,643.11

The price of coins is falling rapidly.


(Update every 1 minute)
at from is ($US) reduce (%)
1 COMBO title=COMBO 0.62 -20.32
2 Cats Of Sol title=COS 0.01 -20.13
3 Pendle title=PENDLE 4.17 -19.52
4 Orion title=ORN 1.44 -16.63
5 ORDI title=ORDI 34.31 -16.01
6 SSV Network title=SSV 39.35 -14.77
7 IRISnet title=IRIS 0.02 -13.93
8 Sei title=SEI 0.55 -12.56
9 1000SATS (Ordinals) title=1000SATS <0.01 -11.79
10 SKALE title=SKL 0.07 -11.77
11 Ankr Network title=ANKR 0.05 -11.71
12 Ellipsis X title=EPX <0.01 -11.60
13 Atlas Aggregator title=ATA 0.22 -11.41
14 Astar title=ASTR 0.09 -11.15
15 W 0.59 -11.13
16 Acent title=ACE 4.61 -11.10
17 Saga title=SAGA 3.22 -10.79
18 Ethernity Chain title=ERN 3.62 -10.78
19 NEAR Protocol title=NEAR 6.01 -10.76
20 Santos FC Fan Token title=SANTOS 5.77 -10.66
21 Waves title=WAVES 2.27 -10.56
22 BEAMX title=BEAMX 0.02 -10.52
23 League of Kingdoms title=LOKA 0.23 -10.42
24 Vanar Chain title=VANRY 0.15 -10.37
25 Aevo title=AEVO 1.37 -10.29
26 Clover Finance title=CLV 0.07 -10.11
27 Bonfida title=FIDA 0.28 -10.01
28 Ether.fi title=ETHFI 4.02 -10.00
29 Golem title=GLM 0.49 -9.97
30 Voxies title=VOXEL 0.22 -9.83

Bitcoin's Greed and Fear Index.

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67
Greed

Global CryptoCurrency News

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2 Eigenlayer releases EIGEN white paper bans airdrop for US users 2024-04-30
3 Crypto investment funds see 435M outflow as bull market stalls amid rising inflation concerns 2024-04-30
4 Terraform proposes 1M penalty for SEC case no relief or disgorgement 2024-04-30
5 Solana illustrates the dark side of monolithic blockchains 2024-04-30
6 Samourai Wallet co founder pleads not guilty released on 1M bond 2024-04-30
7 MicroStrategy Q1 net loss hits 531M but Bitcoin buying spree continues 2024-04-30
8 Hong Kong ETFs begin trading issuers unfazed if US declares ETH a security 2024-04-30
9 EigenLayer users fume over restrictive airdrop others say its generous 2024-04-30
10 Someone shit in the jacuzzi Bitcoiners furious after testnet griefing 2024-04-30
11 Stablecoin firm Tether invests 200M in neurotech company 2024-04-29
12 Omnity rolls out integration for no fee Runes trading 2024-04-29
13 Circles USDC overtakes Tethers USDT in stablecoin transactions Visa 2024-04-29
14 US stablecoin bill to cement dollar dominance fight sanction evasion 2024-04-29
15 OpenAI announces new publishing deal as race to license content heats up 2024-04-29
16 SEC and Gensler believed Ether was security for at least a year 2024-04-29
17 North Korean Lazarus Group has laundered over 200M in hacked crypto since 2020 2024-04-29
18 68 of Runes are in the red Are they really an upgrade for Bitcoin 2024-04-29
19 Avalanche integrates with Stripe for fiat to crypto onboarding 2024-04-29
20 Europe needs Airbus for the metaverse to become global Web4 leader 2024-04-29
21 Sam Altmans OpenAI reportedly in partnership talks with his other firm Worldcoin 2024-04-29
22 Bitcoins range bound action puts eyes on NEAR AR CORE and BONK 2024-04-29
23 6 month low Ethereum fees suggest altseason is inbound Santiment 2024-04-29
24 DOJs Tornado Cash arguments show obvious disdain for privacy Lawyer 2024-04-29
25 Solo Bitcoin miner wins the 3125 BTC lottery solving valid block 2024-04-29
26 Google Clouds Web3 portal launch sparks debate in crypto industry 2024-04-28
27 DOJ challenges motion to dismiss Tornado Cash co founders charges 2024-04-28
28 Ionet responds to GPU metadata attack 2024-04-28
29 Crypto trader sees best 039altseason039 since 2017 as Bitcoin price cools 2024-04-28
30 This 360 treadmill could make Disneys metaverse a physical playground 2024-04-28
31 Phoenix and Wasabi exit US market amid self custody wallet crackdown 2024-04-28
32 Google Cloud039s Web3 portal launch sparks debate in crypto industry 2024-04-28
33 Nvidia shares up 15 in 5 days Will AI crypto tokens follow 2024-04-27
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36 Franklin Templeton lists Ethereum ETF on DTCC 2024-04-27
37 Taiwan prosecutors target 20 year sentences for Ace Exchange suspects 2024-04-27
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39 Binance wants the court to know US governments position on USDC 2024-04-27
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US news that has a significant impact on the market

at news day date time
1 Employment Cost Index q/q Tuesday 30-04-2024 13:30
2 S&P/CS Composite-20 HPI y/y Tuesday 30-04-2024 14:00
3 HPI m/m Tuesday 30-04-2024 14:00
4 Chicago PMI Tuesday 30-04-2024 14:45
5 CB Consumer Confidence Tuesday 30-04-2024 15:00
6 ADP Non-Farm Employment Change Wednesday 01-05-2024 13:15
7 Final Manufacturing PMI Wednesday 01-05-2024 14:45
8 ISM Manufacturing PMI Wednesday 01-05-2024 15:00
9 JOLTS Job Openings Wednesday 01-05-2024 15:00
10 ISM Manufacturing Prices Wednesday 01-05-2024 15:00
11 Construction Spending m/m Wednesday 01-05-2024 15:00
12 Wards Total Vehicle Sales Wednesday 01-05-2024 15:15
13 Crude Oil Inventories Wednesday 01-05-2024 15:30
14 Federal Funds Rate Wednesday 01-05-2024 19:00
15 FOMC Statement Wednesday 01-05-2024 19:00
16 FOMC Press Conference Wednesday 01-05-2024 19:30
17 Challenger Job Cuts y/y Thursday 02-05-2024 12:30
18 Unemployment Claims Thursday 02-05-2024 13:30
19 Prelim Nonfarm Productivity q/q Thursday 02-05-2024 13:30
20 Prelim Unit Labor Costs q/q Thursday 02-05-2024 13:30
21 Trade Balance Thursday 02-05-2024 13:30
22 Factory Orders m/m Thursday 02-05-2024 15:00
23 Natural Gas Storage Thursday 02-05-2024 15:30
24 Average Hourly Earnings m/m Friday 03-05-2024 13:30
25 Non-Farm Employment Change Friday 03-05-2024 13:30
26 Unemployment Rate Friday 03-05-2024 13:30
27 Final Services PMI Friday 03-05-2024 14:45
28 ISM Services PMI Friday 03-05-2024 15:00
29 FOMC Member Williams Speaks Saturday 04-05-2024 01:15

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