%20%5B13.05.23,%2001%20Aug,%202024%5D-638581053868120409.png "Dogecoin, Shiba Inu, PEPE recovery depends on these three factors")
Summary
- Meme coin market capitalization decreased by 5% in the last 24 hours
- Dogecoin, Shiba Inu, and PEPE are facing low trade activity and mounting selling pressure
- Dogecoin and Shiba Inu are considered undervalued according to the MVRV ratio metric
- Recovery of meme coins depends on Bitcoin’s price trend as well