5 Top Meme Tokens To Avoid In Your Portfolio This Week

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Ongoing lawsuits, layoffs, and extended crypto winter have had a big influence in the marketplace. High cryptocurrencies noticed their worth plummet by greater than 90%. The full crypto market cap dropped under $1 trillion. One of many the reason why the crypto business noticed the worst hit could be a slew of digital foreign money tasks which have fallen wanting expectations. Right here’s an inventory of meme tokens one should keep away from including to their portfolio this week.

Canines Of Elon

Within the final 7 days, this meme token has solely seen pink. Sliding on a downward development, DOE has misplaced round 98.81% of its worth and is at the moment buying and selling at $0.0001587.

It’s neither a preferred meme coin nor a big following. In response to Pockets Investor’s AI cryptocurrency analyst, DOE has a unfavourable outlook and can observe a unfavourable development sooner or later.

Fronk

FRONK coin got here into circulation after the builders behind Solana-based meme coin BONK burned their allocation of 5 trillion BONK tokens. FRONK is the newest addition to the cryptocurrency market however miserably did not show its energy. Fronk’s present buying and selling worth is $0.00000005123, and its worth has dropped by 30.21% within the final seven days.

DOGGO

This meme token is at the moment buying and selling at $0.00000003143, which is down by 51.92% within the final 7 days. This coin is barely listed on three exchanges, particularly, MEXC, Raydium, and Orca, in line with CoinMarketCap. Making it one of many meme tokens it’s best to keep away from including to your portfolio this week.

ApeCoin

ApeCoin (APE) is a meme coin with ties to the Bored Ape Yacht Membership (BYAC) NFT (Non-fungible token). It’s the utility token of the APE Ecosystem with its personal Decentralized Autonomous Group, the Apecoin DAO. $APE has misplaced almost 80% of its worth from its ATH. Till ApeCoin demonstrates tangible worth and utility, it’s not value shopping for.

Samusky

This meme coin is at the moment buying and selling at $0.00005466, and its worth has dropped by 19.49%. The buying and selling quantity of SAMU may be very low, hovering round $406.68 for the final 24 hours. In response to Pockets Investor’s AI cryptocurrency analyst, SAMU will proceed to fall sooner or later.