Is the 25% drop in PEPE, SHIB and APE an indication of a deepening crypto bear market?

The latest crypto crash hit memecoins laborious, culminating with a 9% drop in complete market capitalization from Aug. 14 to Aug. 21. Throughout the identical interval, Pepecoin (PEPE), (SHIB) and ApeCoin (APE) noticed a 25% decline. The massive query is whether or not this pattern will have an effect on the broader market, signaling a broader bear market, or just displays lagging efficiency of memecoins.

Memecoins like (DOGE) burst onto the scene, pushed by viral memes and group enthusiasm. Nevertheless, their enchantment pale as a consequence of a mixture of components. These cash depend on media hype and on-line communities for consideration, but they lack worth past their meme origins. Their speculative nature results in speedy value adjustments and volatility.

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