According to BlockBeats, on November 15, several altcoin projects in the crypto market, such as Litecoin, yearn.fi, Manta, TRON DAO and Renzo, posted humorously on social media, saying, "Given the current market conditions, I think we are actually a Meme coin project." 😄
Behind this joke is actually a light-hearted response to the recent market turmoil. As the price of Bitcoin fell, altcoins generally suffered a heavy blow, but Meme coins seemed to go against the trend at this time and became a bright spot in the market. As of press time, about 90% of the top 20 gainers in the Coingecko crypto market are Meme coins, which makes people sigh at the tenacious vitality of Meme coins.
At the same time, the ETH/BTC exchange rate fell to 0.03457, a new low since this round of bull market, while Bitcoin's market share (BTC.D) hit 61.35% yesterday, continuing to hit a new high since this round of bull market. This series of data shows that Bitcoin's dominance in the market remains solid, while altcoins face greater challenges.
For investors, this may be a time to re-examine their portfolios. Should we continue to stick to altcoins, or turn to more stable Bitcoin, or try the popular Meme coins in the market? Each choice is full of uncertainty, but it is these uncertainties that constitute the charm of the crypto market.
Dear readers, what do you think of the current market situation? Is it time to buy at the bottom, or continue to wait and see? Welcome to share your views and strategies in the comment area, let us explore the future direction of the crypto market together!