Can memecoins surpass altcoins and become the leader of the next cryptocurrency rebound?
Memecoin trading is more popular than altcoins now, but it is still uncertain what will happen in the future.
Memecoins such as Dogecoin and Pepe are stronger than altcoins in terms of market liveliness and hype. Although altcoins such as Ethereum and Solana have been popular for a long time, memecoins are now the focus, with more eye-catching hype and market performance.
Dogecoin has a daily trading volume of 9.6 billion US dollars, Pepe 5.6 billion, and Shiba Inu 1.8 billion, which are almost catching up with the top altcoins, which shows how popular they are.
Some niche memecoins, such as Bunker and Squirrel Peanut, are also soaring. Bunker has risen by 127% in a week, which shows that in addition to well-known memecoins, other memecoins are also gaining more and more attention.
However, although memecoins are now very strong, it is still a question whether they can work in the long run.
Altcoins mainly rely on practicality, such as providing power for DeFi and NFT, while memecoins rely on hype and speculation. However, they all rely on community support.
The trading volume of altcoins has been very stable, indicating that institutions and developers are optimistic about them. Memecoins, on the other hand, suddenly soared. For example, Dogecoin and Pepe became popular due to hot topics on the Internet.
However, Shiba Inu Coin is an exception. When it was building its ecosystem, its trading volume was always stable. This shows the difference between altcoins and memecoins: altcoins rise due to practicality, while memecoins become popular due to social media.
From the historical price point of view, the price fluctuations of memecoins are large, all due to hype. The price of altcoins is relatively stable because there is practical demand and institutional support.
According to the data, memecoins rely on speculation, and the trading volume suddenly soared. The trading volume of altcoins has been very stable.
Memecoins can bring short-term benefits, but if they want to develop in the long run, it depends on whether they can surpass hype and develop more blockchain applications.
Memecoins are very popular now, but whether they can develop as long as altcoins in the future depends on whether they can provide more practical value.
In short, memecoins are in the limelight now, but how they will perform in the future depends on their own abilities.
