The cryptocurrency market met the concept of meme coin with Dogecoin. After Dogecoin (DOGE), other meme coins entered the ecosystem.
Dog-themed cryptocurrencies such as Floki Inu (FLOKI), Pitbull Coin (PIT) and Baby Doge Coin (BABYDOGE) appeared. The recent drop in the market has also created big drops in meme coin prices.
Dogecoin (DOGE) and Floki Inu (FLOKI)
The most popular meme cryptocurrency, Dogecoin, is trading at $0.1388 as of the writing of this article. With the general market trend turning red, DOGE, which was badly hurt by its losses, shows signs of recovery. On the other hand, Floki Inu Coin, inspired by Elon Musk's dog, continues its course at $0.000047.
Although these meme coins, which seem to be under the influence of Elon Musk, are currently in sleep mode, any tweet of the billionaire name can push the transaction volume up to 100%. Tesla's addition of Dogecoin to the payment options for some of its products pushed DOGE up significantly.
Pitbull (PIT) and Baby Doge (BABYDOGE)
The number one factor for Pitbull (PIT) investors to consider is the supply of the asset. With unlimited supply, Pitbull (PIT) is getting a big set. Despite this, Pittbull (PIT), which has gone a long way by deleting many zeros from the price, became one of the cryptocurrencies that felt the downward momentum. The PIT price is traded at $0.00000000095 points at the time of this writing.
Baby Doge (BABYDOGE), a project created by Dogecoin fans, became one of the crypto assets that dropped significantly in a week. Addressing the shortcomings of Dogecoin, the project developers determined a roadmap completely dependent on the community. BabyDoge's future plans include a decentralized exchange, cryptocurrency-supported payment card, and an ecosystem with an NFT marketplace. BabyDoge is trading at $0.0000000004501.