#MarketRebound The meme coin market is trying to regain the lost ground of recent days.✨✨✨✨✨💲
$PEPE 🐸
#NEWTBinanceHODLer In recent days, positive news for the meme coin market has been absent. The main tokens in this sector suffered a sharp decline that wiped out billions of dollars from investors' portfolios. As feared, the market capitalization of the sector fell below the 50 billion dollar barrier.
The United States' attack on Iran triggered a massive flight of investors, particularly from the crypto market. Meme coins, being the weakest link within the ecosystem, bore the worst of it during these days of massive liquidations.
$DOGE 🐶
During this Monday, the main tokens show some positive numbers in the 24-hour timeframe. This partial recovery likely responds to traders looking to take advantage of depressed prices to benefit from volatility. However, in the one-week chart, according to data from CoinMarketCap, no token in the top 20 shows losses below double digits.
This last point highlights the magnitude of the meme coin market's collapse. So far, few tokens manage to show positive results. In the 24-hour framework, MOG presents a +13.7% at the time of writing this note, although with considerable volatility.
$SHIB 🦊
Despite the little room for optimism, some meme coins managed to defy the force of gravity.