Memecoin Price Analysis: DOGE, PEPE, SHIB, BONE; Winners And Losers

While the leading cryptocurrency witnessed a supply pressure at $27500, A majority of major coins started witnessing a minor pullback in their ongoing recovery. However, this counter move could offer traders an opportunity to accumulate at discounted prices.

Timeline of Bone-shibaswap, Dogecoin, Pepe, Shiba-inu

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.

Shiba Inu's sister token, BONE (CRYPTO: BONE), has experienced a notable surge of 6% in the past 24 hours, surpassing the performance of other popular cryptocurrencies like SHIB, Dogecoin (CRYPTO: DOGE), and Pepe Coin (CRYPTO: PEPE). What Happened: The recent price movement of BONE is intertwined with the challenges faced by Shibarium, the self-sufficient Layer-2 blockchain associated with Shiba Inu.

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.

The frog-themed memecoin, Pepe coin, has managed to remain relatively stable despite the market correction in market leaders Bitcoin and Ethereum. Over the past week, it has been trading within a tight range, bounded by $0.00000071 and $0.0000006.

In a significant step towards renouncing the contract of Bone ShibaSwap (BONE), the official gas token of Shibarium, the Shiba Inu development team has reported that the minting of the remaining BONE supply is nearing completion. BONE Renunciation Imminent This update comes after weeks of anticipation among the Shiba Inu community and crypto enthusiasts worldwide.

Traders have continued to flock to the Calcium token, a dummy token associated with Shiba Inu (CRYPTO: SHIB), causing its value to soar by 200% within the last 24 hours. This surge comes even after a warning issued by the SHIB team regarding the token's risks.

Shiba Inu (SHIB) cryptocurrency, renowned for its status as a meme coin with the second-largest market capitalization, has defied the recent bearish trend that had gripped it in the past few days. This resurgence follows a slump in SHIB's value, which reached a near-term low of $0.000007195 on September 21.

Over the past three days, the Dogecoin price has remained relatively stagnant, hovering around the $0.061 mark This period of dormancy, characterized by candles with small bodies, suggests a lack of clear direction from both the bulls and bears. Such a pattern has persisted for over a month, indicating a short-term consolidation phase.

The Shiba Inu ecosystem token, BONE, has experienced a noteworthy uptick in on-chain activity, catching the attention of cryptocurrency enthusiasts and market observers. Data from IntoTheBlock indicates a substantial increase in large transactions involving BONE over the past 24 hours, totaling 342,590 BONE tokens, equivalent to $274,510.

Shibarium, a fast-growing Layer-2 network, has processed more than three million transactions in less than a month. This impressive feat shows that many people are starting to use the network, which is gaining popularity quickly.