The popularity of #MOODENG highlights the growing trend of meme coins in a stable Bitcoin market.
Key Points:
Moo Deng is the most popular meme coin among general cryptocurrency users.
Bitcoin's price stability supports the growth of the meme coin market.
Rasmr, a well-known crypto Twitter KOL, recently conducted a survey among "normies" â people who aren't deeply involved in crypto or meme coins. The survey asked which meme coin was their favorite.
Meme coins often gain attention due to their viral nature, so the survey aimed to predict which coins could capture mass appeal.
In a tweet, Rasmr revealed that MOODENG was the number one meme coin voted by normies, followed by BILLY, GIGA, SIGMA, and MICHI.
Other notable mentions in the top 20 included Popcat, FWOG, GOAT, LOCKIN, Pepe, Trump, and Wif.
Meme Coin Growth on a Stable Bitcoin Market
The spread of #Memecoinsđ€đ€ has surged as #bitcoinâïž remains steady, despite political tensions in the Middle East and decisions by the Federal Reserve.
Over the past eight months, Bitcoin has traded within a narrow range of $50,000 to $69,000, signaling a stable market.
This Bitcoin resilience has created an environment where other coins, especially meme coins, have thrived. Many of these meme coins have seen extraordinary gains, with some experiencing 1,000x growth in just a few days.
As small investors seek high-growth opportunities, meme coins are becoming increasingly attractive.
Platforms for Easy Meme Coin Creation
Platforms like Pump.fun and the newly released Ape Pro make it easy for anyone to create and deploy meme coins on the #Solana_Blockchain , known for its low fees and strong connection to meme coin projects.
Solana's reputation as a meme coin blockchain has attracted a flood of retail participants, enabling some of these coins to reach significant market capitalizations and even break into the top 100 by market cap.
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