Memecoins, which had left traders with a bitter taste a few weeks ago, are back in the spotlight. Recent studies show that 42 cryptocurrencies have outperformed Bitcoin, with the majority being memecoins.
Memecoins in the Spotlight
Can memecoins reclaim leadership? According to a study, 42 cryptocurrencies surpassed Bitcoin this year, 25 of which are listed on Binance. New successful tokens include SWIF, which exploded by 234% upon its listing on Binance.
Remarkable Crypto Growth Figures
Despite their volatility, certain altcoins are showing incredible results: ARKM - up 10,389%, PENDLE - up 752%, FLOKI - up 701%, PEPE - up 496%. These figures have again attracted investors' attention to so-called memecoins.
Prospects and Warnings
Memecoins are catching attention not only due to their performance but also because of social media influence. 8 of the top 10 cryptos of the year are memecoins, mostly driven by their Binance listings. However, experts caution that influencers and celebrities might be manipulating prices with their posts. It's known that even tokens like Shiba Inu can spike in price following economic news such as the U.S. Federal Reserve's rate cut.
The rise of memecoins indicates that they are becoming a significant economic phenomenon, not just an amusement. Traders seeking quick gains are investing in these volatile assets, fully aware of both the risks and the potential rewards.
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