Benzinga – The cryptocurrency market had a rough start to the week, with popular large-cap currencies registering marked declines.
What Happened: Memecoins Dogecoin and Shiba Inu, and payment-focused coin XRP traded in the red on Monday, as indicated below.
| Cryptocurrency | Gains +/- | Price (Recorded at 10:00 p.m. EDT) |
| Dogecoin (CRYPTO: DOGE) | -13.22% | $0.1179 |
| Shiba Inu (CRYPTO: SHIB) | -14.93% | $0.00001752 |
| XRP (CRYPTO: XRP) | -0.77% | $0.482 |
DOGE was now 46% lower than its 2024 highs set in April, while SHIB’s price has halved since its yearly peak.
The slump affected crowd sentiment for these assets. According to on-chain analytics firm Santiment, positive mentions for XRP, DOGE, and SHIB on social media plunged to their lowest level in 2024.
But therein lies the opportunity.
