Market-Wide Impact Analysis
The Shiba Inu forecast shows the #memecoin was definitely not alone in its decline. The latest data #CoinGecko actually reveals that nine of the top ten tokens by market cap posted losses on Wednesday, with the sector’s total value falling by around 0.7% to $78.6 billion. While #SHIB dropped about 3.6%, Dogecoin also fell by 2.4% and BONK declined by 3.5%.
Only Pudgy Penguins somehow bucked the trend with an 8% gain as traders apparently rotated toward mid-cap #memecoins with less regulatory exposure, and this might potentially be setting the stage for an alternative crypto rally soon.
