Bitcoin, which gradually fell from its peak of $ 69,000 on November 10, bottomed at $ 37,600 today.
Having a 45 percent decline from its peak BTCThere are also coins that are in worse shape than that, although it has been severely withdrawn.
The “dog-themed” coins, which actually serve no purpose but became popular with the support of Elon Musk, undoubtedly left their mark on 2021.
Profitable to its investors with incredible rises DOGE and SHIB Cryptocurrencies like these are currently trading around 80 percent lower than their peak prices.
They Should Be Cleared From The Market
That’s exactly the point Bloomberg analyst Mike McGlone, this style of the market “from meme tokens“It needs to be purified,” he said.
Mentioning that such coins are harmful to the health of the market, McGlone said, “If Bitcoin, Ethereum and stablecoins are going to continue to change the financial system in the world, this will definitely be possible by clearing the meme tokens from the market.”
It is known that McGlone has previously made negative statements about SHIB and DOGE. The famous analyst, who describes such coins as “nonsense” in particular, continues to make positive predictions for Bitcoin and Ethereum.