Dogecoin, Dogelon Mars, Pepe, Shiba Inu Lose Traders' Interest Amid 3-Month Market Slump

The altcoin market has been facing a prolonged period of decline since the mid-July peak, resulting in a significant drop in trader interest for popular memecoins, on-chain analytics platform Santiment said on Wednesday. What Happened: Notably, meme coins such as Dogecoin (CRYPTO: DOGE), Dogelon Mars (CRYPTO: ELON), Pepe Coin (CRYPTO: PEPE), and Shiba Inu (CRYPTO: SHIB) have fallen off the radar for traders, exhibiting a reduced level of overall market attention, Santiment data shows.

Timeline of Dogecoin, Dogelon, Pepe, Shiba-inu

Shiba Inu (SHIB) has been the talk of the crypto town lately, but not for reasons you might expect. While many were busy writing off SHIB as another meme coin destined for oblivion, the token pulled a fast one.

Pepe Coin (CRYPTO: PEPE) has stolen the limelight in the world of meme coins, showcasing impressive performance compared to its counterparts, including Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB). What Happened: Over the past 24 hours and even in the seven-day charts, PEPE has outperformed gains clocked by other popular meme coins.

Shiba Inu (SHIB) has been navigating turbulent waters in the crypto market since mid-April. With its price oscillating between the lows of $0.0000068 and the highs of $0.0000076, SHIB holders have been eagerly awaiting a breakout from this sideways movement.

Shiba Inu (CRYPTO: SHIB) was falling slightly during Wednesday's 24-hour trading session, in tandem with Dogecoin (CRYPTO: DOGE) amid continued fears about stubborn inflation, high interest rates and the state of the economy. While Bitcoin and Ethereum bounced briefly during the session before falling to trade flat, Shiba Inu was less volatile due to lower-than-average volume, which suggests a current lack of interest in the crypto.

The global reach of cryptocurrencies Shiba Inu and XRP will significantly increase to over 190 countries as a result of the partnership between cryptocurrency payment provider Wirex and on-ramp aggregator Onramper, which is expected to contribute to overall crypto adoption.

On September 26, the DOGE price showed significant buying activity at the $0.059 support level—a zone that has remained unbreached on a daily candle close for nearly a year. With the renewed buying pressure from this support, the buyers are likely to challenge the overhead resistance to reclaim higher ground.

While the major part of the cryptocurrency sector is settling back into the sideways trading mode, Dogecoin (DOGE) is keeping up with the trend, and data suggests that using the dollar-cost averaging (DCA) strategy by investing $100 per week would not have been profitable for this digital asset in this year.

The world of cryptocurrencies is nothing short of a rollercoaster ride, with prices surging and dipping at a rapid pace. In this article, we'll delve into the latest developments in the cryptocurrency market, with a specific focus on the PEPE coin price prediction and the groundbreaking Shiba Memu presale.

The ShibariumID project has officially announced its plans to introduce the first domain name service designed specifically for the Shibarium ecosystem. Expected to go live as early as next month, this development may mark a significant milestone for the Shiba Inu blockchain.

Pepe ($PEPE) has lost the hype it had months ago, which saw its price increase by a massive 9000%. The meme token attracted investors as its value skyrocketed to $0.00000431. Nonetheless, the tables have turned for the once-lucrative crypto. Pepe has lost around 24% over the last 30 days.