The recent Binance survey has revealed some surprising insights - HODLers are now favoring memecoins over Bitcoin! According to the survey, 16% of respondents own memecoins, making them the most popular cryptocurrency in investors' wallets. Bitcoin comes in second, with 14.44% of respondents owning the coin.
This trend is quite interesting, especially considering that memecoins have often been viewed as more speculative and volatile compared to established cryptocurrencies like Bitcoin. However, it's clear that memecoins are gaining traction and becoming increasingly popular among investors.
It's also worth noting that the total market capitalization of memecoins has now reached $117 billion, with Dogecoin being the most prominent. This growth is likely driven by the increasing popularity of memecoins and the growing interest in cryptocurrency investments.
As always, it's essential to approach any investment decision with caution and do your own research. While memecoins may be gaining popularity, they can still be highly volatile and speculative.#BinanceAlphaAlert #MarketPullback #MarketCorrectionBuyOrHODL? #USUALTradingOpen #Fed25bpRateCut