Bitcoin has risen above $70,000, and the meme coin industry continues to prosper. Santiment’s data According to reports, meme coins have outperformed their competitors in a speculative market.
This surge of popularity in meme coins is in line with the broader trend that has defined the cryptoscape in 2024, namely the rise in speculative assets. Investors have historically viewed these pumpings in projects that are barely developed as a red flag, possibly signaling a market peak.
You can also read this: Cryptocurrency: Top 3 Ethereum ERC20 Coins To Watch This Week
This rally is not indicative of a crypto downturn, but rather the timing.
You can also read this: Shiba Inu: Binance Reveals How Many SHIB Tokens It Holds
What meme coins are popular?
Dogecoins (DOGE), MAGA(TRUMP), ArbDoge AI, (AIDOGE), SPX6900 and ArbDoge AI are some of the meme-coins that experience significant market caps growth.
Dogecoin has been the first meme-based coin and has been very popular with crypto enthusiasts for a while. The playful branding of this currency, as well as its community-driven philosophy, have allowed it to gain a loyal following. MAGA, or TRUMP, is a cryptocurrency that has capitalized on the enthusiasm surrounding Donald Trump as former US President. It appeals to another demographic of traders.
You can also read this: Ethereum (ETH) Forecasted To Surge 150% to $7428: Here’s How
ArbDoge AI, (AIDOGE), and SPX6900 are the perfect example of how memes and community support can come together. Bitcoin had regained $71,000 at the time of press, an increase of 6.85% over the past seven days. BTC, and all cryptocurrency markets are experiencing increased volatility due to the BTC halves that will be taking place in a matter of days.
Crypto world awaits the much-anticipated Bitcoin halving, in hopes that meme coins will continue to defy convention or disappear.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: watcher.guru
