Have memecoins lost their hype? Dogecoin, PEPE, and more! – BitRss

• Dogecoin and PEPE were the best performing memecoins among the top four in the sector over the past month
• The memecoin market shed 16% while the altcoin market as a whole grew by 22% since mid-November

The memecoin market had a strong start to November and grabbed headlines and public interest. In fact, the market cap of the sector jumped from $55 billion to $116 billion within just ten days from 04 November to 14 November.

When did Dogecoin begin to drop in popularity?

The memecoin market has faded noticeably since mid-November. Dogecoin [DOGE], the largest and most well-known among its brethren, has not been able to post a new high even when Bitcoin [BTC] pushed to $108k.

Thus, AMBCrypto analyzed the social dominance of these two against each other, as well as