The meme market does have its moments wherein it fetches decent wealth to investors. But, extending that sentiment to speak that it suffices
The crypto market is trembling, with BTC leading the charge. The meme coin sector is no different, trailing from high when it comes to Market Cap. That has slipped by 4.79% at the time of writing this article. As for the crypto market at a macro level, the factor of volatility is always in play along with other factors to hamper the growth or the bull run, as investors like to put it.
The meme market takes the back seat for three main reasons – the community does not always talk about meme coins, lack of patience, and the number of meme coins in the market is rising. The last reason, for one, does not necessarily reflect a bad view, for it gives the community more options to explore. The first two options, on the other hand, do reflect what the community goes through.
Conversations about BTC and ETH are more likely to happen and take center stage. Meme coins are looked at as something that exists for the community and its entertainment. Investors would rather rotate their funds and generate returns faster than hold them for a single meme coin. Nevertheless, the trend is changing – evident from the fact that a slight transition to the roads of meme coins is tangible post-Bitcoin Halving and Spot Bitcoin ETF.
Dogecoin is leading the ranks for the meme coin segment in terms of Market Cap – the value is more than $20 billion, and the token value is $0.1444 while the article is being drafted. SHIB follows the rank with a difference of approximately $13.8 billion in Market Cap and a token value of $0.00002337 at the moment.referred to as $MVP, is a new token that is breaking barriers, it is posed to take inspiration from MAGA TRUMP and make a breakthrough in Market Cap.
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