Memecoin is back! After leaving behind criticism created by the Libra scandal, these digital assets have been stained green, two of which have led to a rise in market capitalizations in the top 100.
But you can easily review and find out by putting a cold cloth in so many foam What happened to the cryptocurrency memes?
As Cryptonoticias reported on February 14, Argentine President Javier Milei used X’s personal account to spread the Libra. However, over time, the user warned that its usefulness was invalid and catalogued as Memocoin.
Launching is marked by anomalies, and many consider it a scam. After Milei’s tweet there was a great purchase that promoted the price of Libra, but it quickly fell after that increase. insider They made profits and retracted liquidity.
From that moment on, it began A fierce debate on sustainability and reliability of Memocoinbecause many people questioned the long-term value and the possibility of continuing growth.
However, a light appeared at the edge of the tunnel and the memokine returned.
As a rule, it should be noted that it is generally important in the market for Bitcoin price (BTC) to approach $90,000. Good currency performance created by Nakamoto Atoshi usually awakens investors’ desires for the rest of the cryptocurrency.
Additionally, US President Donald Trump’s social publications have given them a rest, renewed interest in cryptocurrency memes and sparked a price rebound.
The president declared that his official memecoin, Trump, was “the biggest of all.”
The influence of the US president continues to grow, and this time His words revived investors’ interest in Memocoin.
As Cryptonotics explained, highly speculative Memes Coins are usually preferred by influential people, causing an increase in demand and, as a result, prices.
The 10 most valuable memokines from Merck, which record positive yields for last week, can be found in the following CoinMarketCap table:
At the time of this publication, SPX6900 (SPX) and Bonk (Bonk) lead weekly climbing in the top 100 By market capitalization.
Over the past seven days, the price of cryptocurrency to the S&P 500, the American stock market index that connects 500 big companies, has grown from 0.43 to $0.63, representing an increase of over 50%.
Solana Red’s Memecoin Bonk has a price of over 32%. At the time of publication of this memo, its price is $0.00001459.
“Game Stop Effect”
Another factor that could drive the good performance of these assets is what is happening in GameStop (GME) stock market action.
As reported by Cryptonoticias, the board of directors of video game retailers He changed regulations to incorporate BTC into the Treasury as a reserved property.
Within that framework, GME Action opened the number of days cited above $29. This represents an increase of over 15% over the last 24 hours.
And what does GME have in Memecoins? What happens is that GME has been considered “Meme Action” linked to financial speculation.
However, after these ads, the company appears to be taking a new course, and the decision to invest in BTC positions it with a more robust vision, leaving it with a purely speculative character in the background.
Recover Solana
Similarly, thanks to a renewed interest in Memecoins, we must not lose sight of the fact that Solana Network’s activities will experience recovery.
After the Libra scandal, the network was listed as “casino dememe coins”, and its reputation was severely affected.
After February 14th, the price of the Sun fell below $120. Therefore, it erases the yields that have occurred over the last 12 months.
At the time of publication of this memo, the Solana network’s native currency price is $139.
Things are about to change thanks to Pump.fun, a platform for creating meme coins in Solana.
According to data from Dune Analytics, a week after its launch, Pump.swap surpassed the $1,000 million barrier to negotiation volume.
The emergence of pump.swap will improve trading infrastructure, reduce costs and impact the price of Memocoin with increased liquidity.
Similarly, the DEX development team has announced plans to share revenue with Tokens creators. This allows more developers to launch a higher quality Memecoin or announce a more aggressive marketing strategy.
If these assets can attract community attention, they could increase their value due to greater adoption and support as they will have a positive impact on the general market of Memecoin in Solana.
This is important. Because there is an opportunity to earn sustainable income through protocol rates, which is more likely Token creators focus on developing their communities and maintaining the value of their assets.
Still, it is still unclear how this proposal will work. This is because it could attract scammers who launch tokens without backups just to take advantage of the rate and leave the project.
Therefore, as long as the market is generally above $90,000, as long as the market is generally recovering and BTC is recovering again, the market is about to experience a new season of memocoin.
(tagstotranslate)altcoins
