💰 #Memecoins have become the main narrative in the crypto industry

According to #CoinGecko, in the second quarter of 2024, meme coins surpassed #RWA and #AI in terms of attracting attention, leaving them in second and third places, respectively.

Meanwhile, meme coins dedicated to Joseph Biden plummeted following his exit from the presidential race, while the #KAMA token, dedicated to his potential successor Kamala Harris, showed an 80% increase.

#CryptoNews

🎧 #MemeCoins are growing, but altcoins are not — let's figure out why

On Friday, meme coins showed the most significant growth compared to the rest of the cryptocurrency market. Leading the way were #WIF, #DOGE, #PEPE, and #SHIB.

🕯 Analysts explain the behavior of meme coins by noting that these projects rely not on complex technologies like #altcoins but on community, emotions, and the potential for quick profits.

📈 Experts predict that if #Bitcoin continues to rise, market conditions could align in such a way that a "meme coin supercycle" may occur, where their growth could far surpass #BTC in the short term.

#CryptoNews #Opinion

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🔥 #Bitcoin has set a new all-time high

After the release of preliminary results, Trump’s chances of winning stood at 93%. Although the count is ongoing, this data was enough to give #BTC a boost and push it to a new #ATH.

🕯 Alongside digital gold, top-100 altcoins also saw gains: #GOAT +48%, #DOGE +29%, #UNI +23%, #SUI +21%, #WIF +20%.

📈 Additionally, political #memecoins are on the rise, with some showing gains of up to +1,000%.

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💰 Memecoins are on the rise again

Compared to other top-100 coins, #memecoins are showing the best growth dynamics. Leading the pack are #PEPE and #PNUT — the former due to listings on several major exchanges, and the latter, it seems, has become #Elon Musk’s new favorite.

🕯 Meanwhile, the correlation between gold and #BTC has fallen to an 11-month low. Since #Trump’s election victory, #Bitcoin has shown a 30% increase, while gold prices have dropped by 5%.

🔼 Despite minor price pullbacks, Bitcoin’s growth continues to be supported by investment funds, which just yesterday directed an additional $510 million into #ETF.

#CryptoNews

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