Why ALT Coin Not Moving.
Bitcoin Hits $87,000, But Altcoins Stall Amid Meme Coin Craze on Binance
Bitcoin recently surged past $87,000, but altcoins haven’t followed suit, leaving investors puzzled. The reason? A meme coin frenzy, fueled by Binance listings, is diverting funds and attention from established altcoins. With new meme coins launching frequently, retail investors are drawn to the high-risk, high-reward potential of these tokens, keeping money from flowing into traditional altcoins.
While meme coins can offer quick profits, their speculative nature may eventually cool down, likely redirecting focus back to altcoins with strong fundamentals. For now, however, meme mania is overshadowing altcoin growth, even as Bitcoin continues to rally.