Meme cryptocurrencies see a 16% rise in trading volumes despite market crunch Crypto cryptotrading CryptoNews memecoin
data, the"Doggone Doggerel" class, including Dogecoin and Shiba Inu, has seen a 16% jump in trading volumes in the last 24 hours. This category of assets demonstrated the largest increase in trading volumes among all categories, per CoinMarketCap groupings. This might suggest that traders continue to bet on these crypto assets.
The global markets plunged on Tuesday after a crucial August inflation report came in stronger than anticipated, which undermined investor hopes for a less aggressive Federal Reserve. Bitcoin tumbled as well as the majority of altcoins. However, at press time, several altcoins were attempting to rebound.At the time of publication, SHIB was marginally up at $0.0000122, and its price had increased by 1.97% in the last hour. Dogecoin remains marginally down in 24 hours at $0.06 and is up 1.
For Dogecoin, 67% of holders have"hodled" their tokens for more than a year, 30% have held within a year and 3% have held onto their tokens for less than a month.
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