The crypto market has traded sideways this week as sentiment declines in most quarters and macroeconomic factors continue to add more strain on the system. Memecoins lost huge positions this week from top assets, Artificial Intelligence (AI) tokens, Dog-themed tokens, and Solana memecoins. Despite outflows, some assets have rallied in the last 24 hours
The post Top 3 Memecoins To Sell This Week appeared first on CoinGape.
The crypto market has traded sideways this week as sentiment declines in most quarters and macroeconomic factors continue to add more strain on the system. Memecoins lost huge positions this week from top assets, Artificial Intelligence (AI) tokens, Dog-themed tokens, and Solana memecoins.
Despite outflows, some assets have rallied in the last 24 hours occasioning a slight recovery in prices. At press time, the memecoin market capitalization stands at $60.4 billion, a 1.3% decrease in the last 24 hours.
With a recorded rise and recent outflows, several users look to see their assets before a decline. Here are three memecoins to sell before the market takes a bearish outlook.
Cat in a dogs world (MEW)
MEW has gained traction this year following the memecoin frenzy that saw assets spike as inflows surged. MEW is up 13% in the last 24 hours but has suffered a 30% decline in the past days. The weakened form comes as the market records declining sentiment in memecoins.
The asset’s 24-hour volume is up at $88.8 million but several commentators believe that the volatility of memecoins could affect the asset. Last week, top memecoins posted losses of up to 40% due to wider market conditions.
Degen (BASE)
Degen is among the most consistent memecoin in the green zone this year. The asset is up 9.3% in the last 24 hours and 8% this week. Despite soaring prices, outflows have weakened its gains after brilliant results last month.
The asset saw a 310% rise in 14 days and a 1,659% rise in 30 days. Most bears believe a stiffer downward sentiment could add to the declined steam leading to losses.
Dogecoin (DOGE)
Market analysts view DOGE weekly numbers as a concern after recording outflows with the wider market. A look at on-chain charts shows Dogecoin is up 4% in the last 24 hours and down 12% this week. This weekly loss has cut down monthly gains to 11%. Although the leading memecoin, a bearish outlook in the market can take its toll on the token.
Also Read: Solana Aims New Highs; Why Now is the Perfect Time to Invest in Solana
The post Top 3 Memecoins To Sell This Week appeared first on CoinGape.
