🐶 #MemeCoins became the most profitable sector in the first half of 2024

Meme coins outperformed #RWA by 8.6 times and #DeFi by 542.5 times. At their peak, the average profitability of meme coins reached 2405.1%.

#CryptoNews

😎 What is PolitFi and who is behind it?

We've written multiple times about #TREMP and #BODEN, which are typical examples of memecoins. Their only difference from others is that these coins are tied to the political sphere, which has given rise to a new trend — #PolitFi

PolitFi tokens have gained popularity in the run-up to the upcoming elections in the USA. However, no token is officially linked to a specific politician, and the teams behind most of them are completely anonymous. Political #memecoins merely reflect public sentiment towards a particular candidate and their successes or failures. Although experts predict growth in the PolitFi sector as the US election approaches, the likelihood of scams in such projects is quite high, just like with any other meme coins.

By the way, in the recent debates, neither #Trump nor #Biden mentioned cryptocurrency even once, which may further signal that politicians are still using the industry solely for their PR purposes and are not genuinely interested in the real development of the sector 🧠

💰 #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.

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🎧 #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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