Messari Meme Coin Research Report: Is the memecoin season and bull market over?
Historically, memecoin seasons have marked the end of bull cycles. What kind of market are we in now?
JinseFinanceHistorically, memecoin seasons have marked the end of bull cycles. What kind of market are we in now?
JinseFinanceThe allure of meme coins seems irresistible to the hedge fund industry. Last December, when Dogwifhat (WIF) became the hottest token in the cryptocurrency space, Stratos, whose limited partners include venture capitalists Marc Andreessen and Chris Dixon, was not the only hedge fund to venture into meme coins.
AlexCat-themed cryptocurrencies are clawing their way to prominence, challenging the dominance of dog-themed tokens. Tokens like MEW and HOBBES are making waves, with MEW reaching a $644 million market cap within days. Despite skepticism, cat tokens signal a growing trend in the memecoin market.
EdmundThe volatility of MemeCoins may negatively impact portfolio stability.
JinseFinanceA trader makes $8.9 million in an hour trading SHROOM on Solana, amidst the ongoing meme coin craze. Despite SHROOM's surge and subsequent retracement, Solana (SOL) faces a bearish trend, dropping 4.29%. SOL struggles to breach $200, with a potential decline to $149.20 amid increased selling pressure. However, a mid-term rebound towards $250 remains possible.
EdmundThe trend of Meme coins has proven time and time again the irrational exuberance of the market and the power of the community. The 3EX AI trading platform will be committed to providing the most advanced technical support and the highest quality services to help investors navigate the crypto market.
JinseFinanceBitcoin surpassed its all-time high this week. The short-covering trend that initially fueled the rally now appears to have exhausted itself, with the U.S. Spot Bitcoin ETF continuing to be a significant support for Bitcoin demand.
JinseFinanceMeme premium drives value in meme coins like Dogecoin, shaped by social validation and anticipation of adoption. To capitalize in a bull market, understand sentiment, diversify, adapt, maintain a long-term view, and grasp market reflexivity.
Xu LinIn 2024, the outlook for meme coins is uncertain, contingent upon market trends, social media influence, and the role of key figures. Popular coins like BONK and WIF on the Solana network show robust market performance. However, investors must exercise caution, acknowledging risks and staying attuned to market dynamics.
Cheng YuanBONK, a Solana-based meme coin, spikes 40% following Coinbase listing news.
Cheng Yuan