Which Top Meme Coins Hold Value Best During Crypto Market Crash?
The performance of the top meme tokens in the space largely reflects the broader market crash sparked by bitcoin’s drop to the $25,000 level. However, while all of these digital assets have suffered losses during this period, some MEME coins have performed better than others, so they have suffered fewer losses compared to their competitors.
Baby Doge Coin (BABYDOGE) Leads Meme Coin
Surprisingly, the memecoin performed best after the crash compared to its peers. While most of the top meme coins saw double-digit losses, Baby Doge Coin (BABYDOGE) managed to keep losses below 10% with only single-digit losses. The data shows that the price of BABYDOGE has dropped by 5.97% in the past few weeks. This is in stark contrast to other tokens with more than 10%, making BABYDOGE the meme token that held the best value during the crash.
Dogelon Mars (ELON) doing well
Dogelon Mars (ELON) is another memecoin that has had a tough fight with the bears in the last week. Like BABYDOGE, the token fell 10% last week, albeit by a much smaller margin. Meme token is down 7.85% on the weekly chart, showing impressive resistance. Unlike BABYDOGE, which rose 0.63% in the last day, Dogelon Mars (ELON) fell 3.35% during the period, in line with other struggling meme tokens on Wednesday.
Dogecoin (DOGE)
Although Dogecoin suffered heavy losses following last week’s cryptocurrency crash, the leading meme token has held its own and is now down to less than 10% of its losses. DOGE is down 9.76% on the weekly chart, ranking third among the value-healing meme tokens. Like BABYDOGE, Dogecoin is starting to see gains on the daily chart. The cryptocurrency is currently up slightly by 0.61%. Still, with a market capitalization of $8.9 billion, it remains the largest memecoin in the industry.
The three meme tokens listed above are the only ones that lost less than 10%. Others such as Pepe (PEPE), Shiba Inu (SHIB), FLOKI (FLOKI) and Bone ShibaSwap (BONE) all fared worse, with losses of 15.71%, 16.23%, 19.12% and 21.18%, respectively. However, some of these coins have already started to see the light at the end of the tunnel. Among them, BONE and SHIB seem to be in a reversal trend, recording gains of 2.36% and 3.51% respectively on the 24-hour chart.
(Data source: Best Owie)