5 Top Meme Tokens To Avoid In Your Portfolio This Week
Ongoing lawsuits, layoffs, and prolonged crypto winter have had a significant impact on the market. Top cryptocurrencies saw their value plummet by more than 90%. The total crypto market cap dropped below $1 trillion. One of the reasons why the crypto industry saw the worst hit can be a slew of digital currency projects that have fallen short of expectations. Here’s a list of meme tokens one must avoid adding to their portfolio this week.
Dogs Of Elon
In the last 7 days, this meme token has only seen red. Sliding on a downward trend, DOE has lost around 98.81% of its value and is currently trading at $0.0001587.
It is neither a popular meme coin nor a large following. According to Wallet Investor’s AI cryptocurrency analyst, DOE has a negative outlook and will follow a negative trend in the future.
Fronk
FRONK coin came into circulation after the developers behind Solana-based meme coin BONK burned their allocation of 5 trillion BONK tokens. FRONK is the latest addition to the cryptocurrency market but miserably failed to prove its strength. Fronk’s current trading price is $0.00000005123, and its price has dropped by 30.21% in the last seven days.
DOGGO
This meme token is currently trading at $0.00000003143, which is down by 51.92% in the last 7 days. This coin is only listed on three exchanges, namely, MEXC, Raydium, and Orca, according to CoinMarketCap. Making it one of the meme tokens you should avoid adding to your portfolio this week.
ApeCoin
ApeCoin (APE) is a meme coin with ties to the Bored Ape Yacht Club (BYAC) NFT (Non-fungible token). It is the utility token of the APE Ecosystem with its own Decentralized Autonomous Organization, the Apecoin DAO. $APE has lost nearly 80% of its value from its ATH. Until ApeCoin demonstrates tangible value and utility, it’s not worth buying.
Samusky
This meme coin is currently trading at $0.00005466, and its price has dropped by 19.49%. The trading volume of SAMU is very low, hovering around $406.68 for the last 24 hours. According to Wallet Investor’s AI cryptocurrency analyst, SAMU will continue to fall in the future.
- Expert Warns More Crypto Bloodbath Ahead of CPI Data Tomorrow
- US President Promises Deal With China on Everything As ‘Trump Insider’ Begins To Close Bitcoin Shorts- Is A BTC Recovery Ahead?
- Just-In: Changpeng “CZ” Zhao Counters Peter Schiff, Says “Tokenizing Gold Is Not On-Chain Gold”
- $240 Million Hacked Crypto Exchange WazirX Reopens Deposits But Faces Community Backlash
- Expert Flags Pi Network Team as Source of Selling Pressure After Reported 1.2M PI Dump
- BNB Price Forecast: Analysts Eye $1500 Ahead of Fresh Coinbase and Robinhood Listings
- XRP Price Classical Pattern Points to a Rebound as XRPR ETF Hits $100M Milestone
- Chainlink Price Eyes $27 Rebound as Whales Accumulate 54M LINK
- Pi Network Price Wedge Signals a Rebound as Key Upgrades Raise Utility Hopes
- Solana Price Eyes $240 Recovery as Gemini Launches SOL-Reward Credit Card
- XRP Price Prediction Amid Evernorth’s $1B XRP Treasury Plan – Can XRP Hit $5?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
