Global #MEMECOIN

Launched today, Doge With Hat (DOGEHAT) is a Solana memecoin that seeks to take on major memecoins like Dogecoin (DOGE) and Shiba Inu (SHIB).

Shiba Inu's price has dropped by 4% in the last day, to $0.00002358, on a day when the whole cryptocurrency market has experienced a 2% decline.

Dogwifhat [WIF], a memecoin based in Solana, has had a double-digit price drop in the previous 24 hours alone.

As of this writing, the price of Shiba Inu (SHIB) is experiencing bearish issues, which could lead to a further decrease in the memecoin.

There are a ton of new cryptocurrencies hitting the market, and the memecoin craze doesn't seem to be abating. The peculiar newcomer Cat in a Dog World [MEW] stands out among them.

The head of Andreessen Horowitz (a16z), a venture capital firm based in the United States, compared the current memecoin craze to a “risky casino.”