Is the Memecoin Market Facing Threats?

Krutika Adani

The Memecoin rally has come to a halt after super gains.

A relation between Memecoins and Bitcoin halving has been observed.

Dogecoin struggles near $0.18, Shiba Inu fails to retest $0.00003, and Dogwifhat desperately holds $3.28.

Most Memecoins are down 30% from this year's highs.

However, current chart patterns also show a potential rally in Shiba and Pepe