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🙋 Compared with the correlation between DOGE market and social media popularity, have PEPE and WIF broken the circle (peaked)?
At the beginning of 021, DOGE set off the first wave of meme craze in the name of "zoo market", and the highest market value of DOGE itself once reached $88.79 billion.
On May 8 of that year, DOGE hit a peak of 0.74 USDT, and the overheated market accumulated a large number of leveraged positions, and on May 12, Bitcoin fell by 12.5%, followed by the famous 519 crash, with a one-day amplitude of 34.8%, down 14.44%.
The two rounds of the "second-generation meme leader" SHIB occurred at the end of May and October 21 respectively, which was quite close to the two peaks in May and November, but the circle-breaking effect was not as good as DOGE.
Recently, meme tokens led by PEPE have occupied the exchange growth list, and WIF has also landed on Robinhood and Mou'an, does it indicate a round of breaking the circle and reaching the top of the mountain soon?