Memecoin ($MEME) Crypto Forecast: Down 5.9% Today

What is Memecoin?

MEME is a cryptocurrency token known for its meme-inspired theme and community-driven approach. The overall cryptocurrency market has been volatile, with investors closely monitoring various meme coins for potential opportunities.

Why is Memecoin going down?

MEME crypto is down 5.9% on Nov 4, 2024 22:01

• MEME experienced a bearish movement possibly due to investors reacting to the news of 97% of memecoins dying, leading to uncertainty and fear in the market.
• The support from Binance that resulted in a 15% pump in another meme coin could have shifted attention and funds away from MEME, contributing to its bearish movement.
• The failure of Truth Terminal, a popular AI 'bot' in the crypto space, to launch its website may have caused a lack of trust and confidence in the overall market, affecting MEME's performance.
• The concept of financial nihilism fueling meme coin frenzy and the loss of appeal in traditional finance might have attracted speculative traders away from MEME, impacting its price negatively.

MEME Price Chart

MEME Technical Analysis

MEME News

SHIB’s Golden Cross hits a roadblock – Time to worry, traders?

SHIB’s Golden Cross hits a roadblock – Time to worry, traders?

https://ambcrypto.com/shibs-golden-cross-hits-a-roadblock-time-to-worry-traders/

This Meme Coin Pumps 15% Following Support From Binance: Details

This Meme Coin Pumps 15% Following Support From Binance: Details

https://cryptopotato.com/this-meme-coin-pumps-15-following-support-from-binance-details/

Binance Research Reveals that 97% of Memecoins Have Already Died

Binance Research Reveals that 97% of Memecoins Have Already Died

https://crypto-economy.com/binance-research-reveals-that-97-of-memecoins-have-already-died/

Crypto’s most popular AI ‘bot’ Truth Terminal can’t launch its own website

Crypto’s most popular AI ‘bot’ Truth Terminal can’t launch its own website

https://protos.com/cryptos-most-popular-ai-bot-truth-terminal-cant-launch-its-own-website/

Financial Nihilism Fuels Meme Coin Frenzy as Traditional Finance Loses Appeal: Binance

Financial Nihilism Fuels Meme Coin Frenzy as Traditional Finance Loses Appeal: Binance

https://cryptopotato.com/financial-nihilism-fuels-meme-coin-frenzy-as-traditional-finance-loses-appeal-binance/

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Memecoin ($MEME) Crypto Forecast: Down 5.9% Today

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Memecoin Price History

01.10.2024 - MEME Crypto was down 6.1%

• The bearish movement in MEME could be attributed to the overall market sentiment following a major sell-off by a large holder of another cryptocurrency, BITCOIN, which sparked a 60% price drop.
• Additionally, the upcoming token unlocks worth $2.78 billion hitting the market may have created uncertainty and led to selling pressure across various tokens, including MEME.
• While MEME experienced a bearish trend, the recent buzz surrounding Dogecoin due to mentions by influential figures like Musk and Trump might have diverted attention and investment away from MEME, impacting its price negatively.
• The focus on upcoming potential market cap milestones of other tokens like PONKE could have also shifted investor interest away from MEME, contributing to its bearish movement.

02.10.2024 - MEME Crypto was down 5.0%

• The bearish movement in MEME today could be attributed to profit-taking by short-term traders following a recent price surge.
• The weak sentiment surrounding POPCAT and BONK may have influenced overall market sentiment, leading to a broader sell-off in meme-inspired tokens like MEME.
• The anticipation of Shiba Inu's potential rally and PEPE's breakout might have diverted attention and investment away from MEME, contributing to its bearish movement.
• The focus on meme coins in the market could have heightened speculative trading, causing increased volatility and downward pressure on tokens like MEME.

02.10.2024 - MEME Crypto was down 8.1%

• MEME experienced a strong bearish movement today amidst the overall market volatility.
• The news of a major sell-off by the largest holder, which sparked a 60% price drop in the market, likely contributed to the bearish sentiment across the cryptocurrency space.
• The focus on meme coins might have diverted attention and investment away from MEME, leading to its bearish movement.
• The uncertainty surrounding BONK's breakdown and PEPE's potential breakout might have added to the overall market anxiety, impacting MEME's price negatively.

02.10.2024 - MEME Crypto was down 5.6%

• The bearish movement in MEME today could be attributed to the major sell-off by the largest holder of another meme coin, HarryPotterObamaSonic10Inu (BITCOIN), which sparked a 60% price drop in that token. This sell-off might have created panic in the meme coin market, leading to a broader sell-off, including in MEME.
• The news of $2.78 billion worth of token unlocks set to hit the market in November could have also contributed to the bearish sentiment, as increased supply often puts downward pressure on prices.
• Despite the overall bearish movement, discussions of potential rallies and breakouts in other meme coins like Shiba Inu and PEPE could have diverted attention and investment away from MEME, impacting its price negatively.

03.10.2024 - MEME Crypto was down 5.0%

• The bearish movement in MEME may stem from investors taking profits following a recent price increase.
• Positive sentiment towards other meme-based tokens such as Dogecoin and Shiba Inu could have drawn attention and investment away from MEME.
• The absence of notable positive events or advancements linked to MEME may have added to the downward trend.
• Investors appear to be exercising caution towards meme tokens overall, evident in the weak sentiment analysis of POPCAT and worries surrounding BONK.

03.10.2024 - MEME Crypto was down 5.1%

• The unlocking of $2.6 billion in tokens for various crypto projects in November may have led to increased selling pressure on MEME, contributing to its bearish movement.
• The focus on other meme-based tokens like Dogecoin, Shiba Inu, and Dogwifhat might have diverted attention and investment away from MEME, impacting its price negatively.
• The bullish patterns and potential price rallies mentioned for Dogecoin and other tokens could have attracted traders away from MEME, causing a shift in market sentiment towards more promising assets in the short term.

03.10.2024 - MEME Crypto was down 7.9%

• MEME experienced a bearish movement today amidst a broader market downturn in the cryptocurrency sector.
• The unlocking of $2.6 billion in tokens, including MEME, in November may have contributed to increased selling pressure and a downward trend in prices.
• Positive developments in other meme coins like Dogecoin and Shiba Inu, such as approaching golden cross and surging burn rate, could have diverted investor attention away from MEME.
• The market's focus on bullish patterns in other cryptocurrencies like Dogecoin might have led to a shift in capital away from MEME, causing its bearish movement.

03.10.2024 - MEME Crypto was down 5.1%

• The bearish movement in MEME could be attributed to profit-taking by investors after a period of price appreciation or a lack of significant positive catalysts in the market.
• The focus on other meme-based tokens like Dogecoin, Shiba Inu, and Dogwifhat might have diverted attention and investment away from MEME, leading to selling pressure.
• The surge in burn rate for Shiba Inu and the potential price rally for Dogecoin could have drawn traders towards these assets, causing a shift in capital away from MEME.
• The weak sentiment surrounding POPCAT and the analysis of its ability to hold a certain price level may have created an overall cautious atmosphere in the meme token sector, impacting MEME's performance negatively.

03.10.2024 - MEME Crypto was down 5.0%

• MEME token experienced a bearish movement likely due to profit-taking after a recent surge in price.
• The news about Dogecoin slumping after a surge may have influenced market sentiment towards meme-inspired tokens like MEME.
• The mention of other memecoins could have diverted attention and investment away from MEME.
• The unlocking of tokens for various crypto projects in November might have created selling pressure on MEME as investors diversified their portfolios.

03.10.2024 - MEME Crypto was down 10.1%

• The bearish movement in MEME today may be due to profit-taking by traders who have recently experienced significant gains.
• Developments involving other meme coins like Dogecoin nearing a golden cross and the soaring burn rate of Shiba Inu could have shifted focus and investment away from MEME.
• The release of $2.6 billion worth of tokens in November, which includes Memecoin, might have resulted in selling pressure on MEME as investors diversified their holdings.
• A peculiar story about a trader turning a substantial sum into a million with a squirrel-themed token like Peanut (Pnut) may have contributed to the speculative nature of meme coins, negatively impacting MEME's price.

04.10.2024 - MEME Crypto was up 5.4%

• MEME token experienced a strong bullish movement possibly influenced by the positive sentiment prevailing in the cryptocurrency market.
• The market cap of Peanut the Squirrel (PNUT) Meme Coin surged after a social media post, which could have contributed to the upward trend in meme coins, including MEME.
• The emergence of Dagknight Dog Coin, combining entertainment with blockchain security, may have further fueled the excitement surrounding meme coins, potentially benefiting MEME as well.
• Significant volatility in PolitiFi Meme Coins before the US Presidential Elections may have prompted investors to explore alternative meme tokens like MEME, driving its bullish trajectory.

04.10.2024 - MEME Crypto was down 5.9%

• MEME experienced a bearish movement possibly due to investors reacting to the news of 97% of memecoins dying, leading to uncertainty and fear in the market.
• The support from Binance that resulted in a 15% pump in another meme coin could have shifted attention and funds away from MEME, contributing to its bearish movement.
• The failure of Truth Terminal, a popular AI 'bot' in the crypto space, to launch its website may have caused a lack of trust and confidence in the overall market, affecting MEME's performance.
• The concept of financial nihilism fueling meme coin frenzy and the loss of appeal in traditional finance might have attracted speculative traders away from MEME, impacting its price negatively.