The cryptocurrency market has been marked by significant fluctuations since the mid-July local top, with many altcoins experiencing more declines than gains. Amidst this market turbulence, there has been an intriguing shift in trader interest, particularly concerning memecoins. Traders Show Preference For $PEPE Over $Doge One of the standout observations […]
Tag: Pepe
Memecoins Surpasses Stablecoins Like $USDT and $USDC In Terms Of Gas Consumption
In recent times, the metrics tracking of fee distributions among assets by @santimentfeed reveals an intriguing development: certain memecoins have managed to surpass established stablecoins like $USDT and $USDC in terms of gas consumption. This atypical phenomenon is commonly observed during periods of heightened speculative trading activity. Trading Volume And […]
The Premature And Fragile Nature Of The Renewed Memecoin Season In 2023
The phenomenon of Memecoins, cryptocurrencies that are often based on memes or popular cultural references, has gained significant attention and popularity in recent years. However, the volatile nature of these coins has raised concerns about their long-term viability as investment assets. The decline in prices and new-time lows experienced by […]