In the last week, Bittnsor’s TAO earned mid-cap tokens of more than $5 billion market capitalization, having over 14% surge.
Memecoin became a trend in between market volatility in some other sectors of crypto like layer-2 or storage.
Once again Bitcoin (BTC) is making the headlines after it got close to $64,000. Bitcoin went up by 3% which pushed the overall market leading to a significant surge to other crypto currencies. Even Dogecoin (DOGE) surged over 4%.
In September, the Bureau of Labor Statistics (BLS) released an untampered CPI annual rate along with PPI annual rate. The early jobless claims will be released for the week ended two days ago.
On October 7, the stocks from Asia witnessed a rise after Hang Seng, a market capitalization weighted stock market index from Hong Kong plunged over 4% along with KOSPI, composite stock price index bounced over 1%.
People’s Bank to introduce more laws
The Chinese People’s Bank, responsible for carrying out the monetary policy, has made some laws in the last two weeks which will carry out ideas inside the border. It is said that China will introduce some more laws tomorrow, focusing on strengthening the economy of the country.
In the last week, Bittnsor’s TAO earned mid-cap tokens of more than $5 billion market capitalization, having over 14% surge in the subject of social sentiment and Artificial Intelligence (AI).
As per the reports from CoinGecko, a cryptocurrency data aggregator, some AI tokens such as NEAR and ICP have surged over 7.5% and positioned themselves in the green area. The social sentiment and risky behavior among crypto went directly proportional to the memecoins as it took them up with themselves.
On X, memecoin supercyle predicted that memes will be in the leading position in the next crypto bull cycle has become trending now.
The Surge of POPCAT and MOG
POPCAT, a memecoin based on Solana and MOG, based over Ethereum went up to more than 12% in the last one day. At the same time CAT, based on BNB’s chain fled up to 10%. Similarly, some tokens like GIGA, SPX6900 and Fwog went up over 20%.
Memecoin became a trend in between market volatility in some other sectors of crypto like layer-2 or storage. The demands of negative sentiment being high around tokens supported by venture capital funds, are not that good for the retail traders.
Kaiwen0x, an active member of the market wrote something over the memecoin supercycle claiming that the result of Donald Trump winning the election of this year will lead to becoming bearish over meme coins. As it may make the picture more clear to the United States leading the capital to move towards the utility tokens.
