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129 shares, 342 points

2021 has been a pretty weird year for meme coins, as most of the coins have seen some weirdly crazy rallies over the year that caught almost everyone’s attention. The rallies were so significant that some of the meme coins even made it to the top 10 crypto lists by market cap for a while. However, lately we have seen meme coins plummeting and being removed from the top 10 list altogether. Kriptokoin.com now features reviews from DOGE, SHIB and ELON.

What awaits DOGE, SHIB and ELON?

It all started with Tesla CEO Elon Musk tweeting frequently about Dogecoin. Musk’s tweedollar series would later ignite the incredible run the coin had shortly after. Shiba Inu would later draw inspiration from Dogecoin like many other new meme coins. SHIB and some other meme coins had even more incredible rallies than DOGEs. Most notable was Shiba Inu’s rally in October, which at one point rose 1000% in 30 days. So what awaits meme coins? In fact, an Arcane Research report predicts that most meme coins will enter obscurity in 2022, but we’re only in the first week of the year. So, let’s take a look at how meme coins are performing right now. At the time of writing, Dogecoin’s price is down 12.88% over the past 7 days, hovering around $0.1505. Here is a chart showing the trend in the price of the coin over the past five days:

Shiba Inu’s price fell 16.80% over the past 7 days to $0.00002818.

The price of Dogelon Mars at the time of writing has been fluctuating around $0.000001242, down 24.80% in the last 7 days.

While they all appear to be on a downtrend, there is absolutely no cause for alarm yet. This is because there is a general bearish trend across all crypto markets, including Bitcoin and Ethereum. And frankly, Dogecoin and Shiba Inu are still holding their own in the world of meme coins.


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