Are Meme Coin Ascensions a WARNING SIGN For Crypto? (TWIC Se | SantimentFeed on Binance Square

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Are Meme Coin Ascensions a WARNING SIGN For Crypto? (TWIC September 27th) https://x.com/i/broadcasts/1MYGNMzYOXvKw

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🗣️ Altcoin euphoria continues with crypto ending its week with speculative large caps seeing major rises in discussion rates. The top trending projects driving markets are: 🪙 Toncoin $TON - Association with the cryptocurrency The Open Network (TON) in the context of the Hamster Kombat airdrop. 🪙 Shiba Inu $SHIB - Discussions around its cryptocurrency and associated projects like Shibarium. The community is optimistic about a 33,000% increase in the burn rate, contributing to a 23% price rise recently. 🪙 Pepe $PEPE - Users are debating its potential for a bull run, comparing it to other memecoins like Shiba Inu. There is a sentiment that 'pepe' has not yet experienced significant growth, but many believe it could perform well in upcoming market cycles.

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🥳 Bitcoin's latest rise, now bringing its market value above $66K, has traders pumped. Although altcoins are the ones reflecting the biggest pumps this week, profit redistributions from BTC's past 3 weeks of rises are the primary reason. Expect some testing of bulls' patience as sentiment has crossed into high FOMO (greedy) levels. This typically coincides with upcoming local tops. They may happen today, this weekend, or in the upcoming weeks, depending on how whales behave at these levels. That said, don't expect to be able to rebuy at $50K or $60K without world economies beginning to show red flags of their own.

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📺 Enjoy our live stream crypto talk where we discuss the meme coin dominance and whether $70K Bitcoin is just around the corner. We're going LIVE, and look forward to your questions! https://youtube.com/live/8o5P2ijZ7rk

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💸 Ethereum's network activity has picked up, and so has its fee levels. That said, the crowd isn't too sensitive about paying a bit more per transfer while the #2 asset in crypto is on a +15.6% rally since September 15th. Read our quick analysis! 👇 https://insights.santiment.net/read/ethereum-fees-are-creeping-up-8144?utm_source=twitter&utm_medium=post&utm_campaign=twitter_eth_fees_creeping_up_insight_b_092624/&fpr=twitter

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😺📈 Shiba Inu has surged +43% in the past 9 days with on-chain activity notably surging compared to altcoin alternatives and other meme coins. In addition to volume, circulation, and whale transactions spiking to 10-week highs, social dominance is up as well. This indicates that FOMO toward SHIB is significant right now, and the likelihood of a local top is increased. In order for the #13 ranked market cap to surpass its $0.000043 year-high made back in February, traders should wait for the high bullish narratives to calm down slightly.

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