Halving Effects: Dogecoin Down, Meme Coin Duko Surges

Shortly after the highly anticipated Bitcoin halving event, the overall value of the crypto market has decreased by at least 1.32%. However, there are a few meme coins that have made significant gains. One of these is Duko (DUKO), which has jumped more than 76% in the last 24 hours and is currently trading at $0.002852. It has also seen a trading volume of $6,285,822, making it one of the most traded tokens in the market.

The increase in Duko’s price is part of a trend that has been observed over the past few weeks. In the last seven days, the value of DUKO has increased by over 122%, and over the past 14 days, it has grown by 32.5%. However, even with these impressive gains, its current price is still nearly 34% lower than it was 30 days ago.

Another meme coin that has seen some positive movement is PepeFork (PORK), which has gained more than 11% in the last 24 hours and is currently being traded at $0.00000001998. However, over the past seven days, PORK has seen a drop of 11.6%, and over the past 14 and 30 days, its value has decreased by nearly 38% and 56% respectively.

Byte is another meme coin that has defied the general trend of the crypto market. Inspired by Elon Musk’s announcement that he would name his next pet dog “Byte,” this token has risen by 12.3% in the last 24 hours. However, when compared to its value seven days ago, BYTE is still 0.9% lower. Over the past 14 and 30 days, its value has dropped by 12.1% and 41.7% respectively.

While lower-capped meme coins like Duko, PepeFork, and Byte have performed well in the post-halving market, more well-known tokens like Dogecoin (DOGE), Shiba Inu (SHIB), dogwifhat (WIF), and Pepe (PEPE) have all seen a decrease in value. The biggest loser among them is WIF, which has dropped by 6.7% in the last 24 hours. In other news, Mike Tyson has joined a boxing blockchain project.