5 Top Meme Tokens To Avoid In Your Portfolio This Week

Ongoing lawsuits, layoffs, and extended crypto winter have had a big affect available on the market. Prime cryptocurrencies noticed their worth plummet by greater than 90%. The overall crypto market cap dropped under $1 trillion. One of many explanation why the crypto business noticed the worst hit generally is a slew of digital forex tasks which have fallen in need of expectations. Right here’s an inventory of meme tokens one should keep away from including to their portfolio this week.

Canine Of Elon

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

It’s neither a preferred meme coin nor a big following. In keeping with Pockets Investor’s AI cryptocurrency analyst, DOE has a adverse outlook and can observe a adverse 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 didn’t 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 presently 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, specifically, MEXC, Raydium, and Orca, in accordance with CoinMarketCap. Making it one of many meme tokens you must 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 practically 80% of its worth from its ATH. Till ApeCoin demonstrates tangible worth and utility, it’s not price shopping for.

Samusky

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

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