Dogecoin (DOGE) and Shiba inu (SHIB) were previously among the top 10 cryptocurrencies in terms of market value. However, both dogecoin and Shiba inu have fallen out of the top 10 rankings after incurring considerable losses today.

DOGE is the biggest meme-based crypto asset in terms of total market capitalization. Of the 10,975 cryptocurrencies in existence, DOGE has the 11th biggest market cap. While dogecoin has lost 16.7 per cent in market value in the previous week, it still has a worth of $28.9 billion.

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Meme Coin's Market Cap Drops 3.5 Percent, and the Top 2 Leaders Dropped Out. On November 22, 2021, Dogecoin and Shiba Inu lost billions of DOGE/USD.

Dogecoin trading volume has also decreased to $995 million DOGE trades in the previous 24 hours... Coinbase's current rate for a DOGE token is $0.220 per unit, which is more than 69% lower than its all-time high (ATH).

On May 8 of this year, it was just seven months ago when DOGE reached its all-time low of $0.731. Dogecoin still has a 12-month return of about 6,200 per cent despite recent losses.

Shiba inu (SHIB) has a market valuation of $12 billion and is the second-largest meme-based currency on the market. Over the previous week, SHIB's market value has decreased by 18.1 per cent, and it now stands at $23.8 billion. " SHIB has fallen more than 3% today and is trading at $0.00004395 per unit.

Binance plans to set up a global headquarters in Ireland

Cryptocurrency market leader Bitfinex has allegedly chosen Ireland as its headquarters. A complete crypto prohibition in China and several other regulatory difficulties prompted the business to take this step.

A delicate issue for Binance has always been the location of the company's headquarters. However, the CEO, Changpeng Zhao, has hinted that the company may have to settle in more places due to recent regulatory challenges.

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The Irish Independent has reported that Ireland will be one of the locations to get a portion of the money. No more details were given on the project by Changpeng Zhao, Binance's CEO when asked if the nation was included. His company's decentralized ideals, he claimed, were no longer relevant.

In the beginning, we sought to embrace decentralized ideals, with no headquarters, worldwide labour, and no boundaries. It is now evident that to operate a centralized exchange, you must have a centralized, legal business structure behind it."

Ripple and Palau have teamed together to create climate-friendly digital money for the island country

To assist the Republic of Palau in building its digital currency, Ripple has teamed up with Ripple's digital payment network.

As a first step, the cooperation will develop a digital currency backed by the US dollar to ease cross-border payments for the country. According to Ripple's release, the partnership "may see the introduction of the world's first government-backed national stablecoin in the first half of 2022.".

Ripple argued that the national digital currency might not be simply another CBDC.

Ripple would provide technical, commercial, design, and policy assistance." A USD-backed stablecoin on the XRP Ledger might be a viable alternative to central bank digital currencies (CBDCs) for nations like Palau.

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A national digital currency will "enhance financial access for inhabitants of Palau," President Suangel Whipps Jr. stated in a statement.

Do you believe that meme coins will recover from their recent steep decline in value?