“When the price of Bitcoin falls, memecoins tend not only to follow, but to lose an even greater share of their value,” shared Neil Roarty, analyst at investment platform Stocklytics, in a Thursday email to CryptoX. “Any plans for a memecoin summer may have to be put on hold.”
Dogecoin (DOGE) Prices Fall as Traders Bet Against Token, “Memecoin Summer on Hold,” Some Say
