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via CoinDesk · By CoinDesk Staff

Memecoins DOGE, SHIB pay the price of crypto's institutional influx: Crypto Daily

DOGE

DOGE/USDT

$0.07173

+3.13%

$0.07173

+3.13%

(24s)

24h Volume

$476,026,232.70

24h H/L

$0.07368 / $0.06916

Change: $0.004520 (6.54%)

Long/Short

73.9%

Long: 73.9%Short: 26.1%

Funding Rate

+0.0059%

Longs pay

Data provided by COINOTAG DATALive data

Dogecoin

Daily

$0.07179

▲ 3.19%

Volume (24h): -

Resistance Levels

Resistance 3$0.0776

Resistance 2$0.0746

Resistance 1$0.0728

Price$0.07179

Support 1$0.0704

Support 2$0.0682

Support 3$0.0547

Pivot (PP):$0.06931

Trend:Downtrend

RSI (14):42.2

CoinDesk Staff

(11:35 AM UTC)

1 min read

Reviewed byMichael Roberts

780 views

0 comments

The memecoin craze has suffered as institutions crowd into crypto. (Josh Wise)

Summary

This is an excerpt from CoinDesk newsletter 'Daybook.' Sign up here, if you haven't already.

The crypto market continues to mature with growing institutional participation, and memecoins are paying the price.

The combined market capitalization of DOGE$0.06946 and shiba inu (SHIB), the two largest memecoins by…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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Source

CoinDesk Staff · CoinDesk

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