#memecoin
🚦🚦🚦Meme coin capitalization exceeds 60 billion USD, many meme tokens go beyond the limit.😡😡😡😡😡
The meme coin wave is showing signs of becoming excessive beyond minimum ethical standards. Greed has caused many developers to be reckless, which may cause the meme coin to lose its original good identity.🌞🌞🌞🌞
The following are observations from BeInCrypto about the meme coin wave and opinions of experts worth consulting.
Meme coin capitalization exceeded 60 billion USD in March, with no signs of cooling down
According to data from intotheblock, meme coin capitalization exceeded $55 billion in March, doubling compared to the previous month. According to CoinmarketCap data, meme coin capitalization has now exceeded 60 billion USD and reached 67 billion USD. Meanwhile, the daily trading volume of meme coin has exceeded 10 billion USD.
The chart shows that the whole meme coin fever really started in early March. Meme coin capitalization as of April 2023 remained flat at around 20 billion USD until February 2024. But this March recorded an explosion in meme coin capitalization in the context of Bitcoin prices setting new all-time highs.
New investors know the market and are attracted by the price of Bitcoin, but when investing, they choose meme coin with the expectation that profits will be higher than BTC and leading Altcoins. This is partly true, because only meme coins can bring thousands of percent profits, but with that comes greater risks.
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