Dogecoin (DOGE) and Shiba Inu (SHIB) are currently facing significant challenges as both meme coins experience diminishing investor interest. Market analysts have issued a warning for the bulls supporting these cryptocurrencies, predicting a potential "bloodbath" in pricing due to the unclear market outlook.
This development comes as these two popular cryptocurrencies struggle to maintain momentum amid market fluctuations and increasing competition from emerging rivals. The decreased enthusiasm from investors highlights the fragile nature of meme coins.
