Analysis Crypto by Thebittimes.Com

Memecoins seem to be bearing the brunt of the recent market correction. Dogecoin (DOGE), Pepe (PEPE), and Bonk (BONK) have seen a fall of double-digit percentage points over the last week. According to CoinGecko’s DOGE data, it has fallen 16% in the weekly charts, PEPE has fallen 18.4% in the weekly charts, and BONK has fallen by 20.8% in the same time frame. The memecoins have also registered a correction of 2.4%, 3.5%, and 11.1% on the daily charts, respectively. Source: CoinGecko Should You Buy DOGE, PEPE, BONK During the Dip? Source: TheFace.com The market correction kicked off earlier this month after a healthy bull run. Bitcoin (BTC), XRP, and BNB climbed to new all-time highs in July. The dip came after increased profit-taking from investors. Memecoins are subject to heavy speculation. DOGE, PEPE, and BONK are among the most volatile crypto assets. The substantial price decline could be fueled by the upcoming Federal Reserve interest rate announcement. There is a high chanc...

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The cryptocurrency market was painted red. A number of assets were seen bleeding making it an uneventful start to the week. SUI was also part of this and witnessed a much bigger downfall. Despite this, the community is sure that the asset will record a new all-time high sooner than later. This is mostly because of SUI’s rise earlier this month, where it hit a new peak. The real question is if the cryptocurrency will end the first month of the year on a good note. Also Read: XRP on Edge: SEC Appeal Looms as Ripple Countdown Hits Critical Stage SUI Slips By Over 7% Source: Asia Crypto Today Over the past 24 hours, the altcoin recorded a 7.36% drop. At the time of writing, SUI was trading at $4.49. The asset’s weekly loss stands at 13%. Amidst this, the cryptocurrency’s trading volume was on the rise. Throughout the past day, the asset’s volume surged by 51%, bringing the final value to $1.33 billion. Source: CoinMarketCap It is worth noting that SUI hit an all-time...