Most of the memes are trading in reverse already, but it's worse for Dogecoin, as news updates and Bitcoin's price movements have forced the DOGE price into further decline. More Dogecoin traders are selling out their tokens to start investing in newer, more viable projects.

The Panshibi meme coin is one of the new tokens with massive potential for a spike this year. SHIBI coins are already quite the sensation, thanks to the presale, and everyone wants some now that they know just how much profits they can make from Panshibi investments.

Watch out for more on the new meme project.

Why Is the Dogecoin Price Down?

The meme sector started with Dogecoin's launch in 2013, when the token was only one for traders to laugh with. Dogecoin supplied memes only for laughs and that was how the …