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After recording a bearish weekend, the bearish influence over the crypto markets escalated. With the huge drop in the S&P 500, the crypto markets also slashed, wiping out over $200 billion. The major tokens like Bitcoin, Ethereum, and Solana faced huge pullbacks, forming fresh bottoms.
For meme coin projects, 2024 was a year of tremendous volatility, characterized by sharp declines, quick expansion, and well-publicized scandals.
Binance, a leading crypto exchange, has informed the delisting of spot trading pairs for several tokens, sparking speculations. The tokens are Fusionist (ACE), AC Milan Fan Token (ACM), Book of Meme (BOME), Dymension (DYM), Metal DAO (MTL), Pixels (PIXEL), QuarkChain (QKC), Radworks (RAD), and Renzo (REZ).
In the current downtrend, the market is already in fear, and with rumors of newer policies taking a backseat adjusting investment portfolio is quite a big task. Bitcoin dropped from its $100K mark creating doubts in investors' minds.
With the hype growing around memes, here are the top 10 Memecoins to watch this November 2024, being the top 10 memecoins of October 2024 by monthly performance.
Book of Meme surged in the past 24 hours as meme coins led the crypto market rally on Oct. 18. Following Bitcoin's (BTC) impressive rise above $68k, meme coins have taken the spotlight. Dogecoin (DOGE) jumped 10%, reaching an 11-week high, while other dog-themed tokens like Brett, Bonk, and Popcat also saw significant gains.
The crypto market sentiments appear to have flipped in favour of the bulls the traders have displayed some confidence. Besides, the volume remains restricted below $100 billion, which suggests a large chunk of them remain uncertain of the upcoming trend. Meanwhile, the memecoins have gained significant attention, mostly the newly launched ones.
As the Bitcoin Open interest across all exchanges hits a new all-time high at $19.75B, the crypto market is ready for a bull run. As the market sentiments improve, the meme coins are leading the way with massive growth. Wondering which meme coin to buy as FOMO kicks in? Worry not.
Memecoins made full use of the return of bullish sentiment on Monday, with the less established ones topping the biggest market gainers list. What happened: Solana (CRYPTO: SOL)-based BOOK OF MEME pumped over 28% to become the best-performing cryptocurrency in the last 24 hours.
Solana meme coins are rising in dominance, challenging those minted on Ethereum and even the first of them all, Dogecoin. While Dogecoin is the most valuable, it increasingly faces stiff competition from Pepe and Shiba Inu.
The crypto prices today have birthed considerable investor optimism globally, illustrating rising trajectories. Bitcoin (BTC) price gained notably to top the $64K level today, whereas Ethereum (ETH), Solana (SOL), and XRP prices traded in the green territory.
With the price volatility in the crypto market recording a new high, the Bitcoin price has successfully surpassed $63k with an intraday gain of 5.13%. Following this, the memecoin market cap crossed the $41 billion mark for the first time in about a month.
Amid the ongoing broader market correction, investor interest in meme coins has significantly declined, hitting some of the most popular tokens the hardest.
The meme coins market has dropped from $48.28 B in the beginning of August to $38.4B by the end of August 2024. However, a few meme coins are showing possible surges and reversals in the next month, they are Popcat, Shuba Inu, Floki, and Bome.
The short-lived rally in Solana-based meme coins has come to an abrupt end, with Bonk (BONK), Cat in a Dog's World (MEW), and Book of Meme (BOME) ranking as the top assets leading the decline.
Cryptocurrency prices were on edge on Tuesday as investors watched the performance of Bitcoin and other big coins. Bitcoin was trading at $66,530, much lower than this month's high of $70,000.
Cryptocurrency prices continued their strong rebound on Monday as investors reflected on the recent Bitcoin conference in Nashville. Bitcoin roared back above $70,000 for the first time since June 7th. Most meme coins and altcoins also bounced back on Monday. Book of Meme (BOME), a new Solana meme coin, rose to $0.
The crypto prices today mainly took a bearish turn after remarkable gains witnessed recently. Bitcoin (BTC) price slipped back to the $66K level, whereas Ethereum (ETH), Solana (SOL), and XRP tanked 0.7%-6%.
The Solana blockchain boasts several prime memecoins, but four projects stand out for their excellent profit potential: Husky Inu ($HINU), Bonk ($BONK), Dogwifhat ($WIF), and BOOK OF MEME ($BOME).
Imagine a fluffy bunny with twinkling eyes, hopping through the crypto cosmos, leaving stardust profits behind. That's MOONHOP Meme Coin! Cute but powerful, market experts hail it as the top meme coin presale of the year, with potential returns of over 1,000% (fluffin' amazing, right?).
The memecoin industry grew explosively over the past few years, with daily new projects. Navigating the plethora of memecoins is daunting, and investors must carefully decide which projects to back.
The crypto markets appear to be recovering as Bitcoin price rises above $59,000. This move appears to have extracted maximum liquidity as the volumes of the popular memecoins have drained by more than 40%.
No sooner than the Bitcoin price demonstrated a bullish rebound, the markets flipped into a bullish favour. Memecoins also gained immense strength as the popular ones surged with double-digit gains.
Mog Coin surges 8.98%, flipping BOME by market capitalization amid positive ETH ETF developments.
