Hongyi Tang, regional manager in Latam at TruBit, provided details about the preferred memecoins
Memecoins have captured the interest of many investors around the world and, above all, in inflationary markets such as those of Latin America. This has allowed the cryptocurrencies that began as memes to be positioned today with large market capitalizations and great acceptance by users. This was stated by Hongyi Tang, regional manager in Latam at TruBit
"DOGE is the undisputed king in the Latin American market, followed by Pepe, Shiba Inu, Meme and Bonk," said Tang. $DOGE
Memecoins, born as a parody in the digital world, have surprised the crypto market with their value and fidelity.
Dogecoin (DOGE) and Shiba Inu $SHIB
have managed to make a name for themselves as the top dog-themed memecoins, amassing a market cap of $22 billion and $15.2 billion respectively by the end of May 2024, according to CoinMarketCap
The TruBit executive added: “Pepe, with his iconic frog image, resonates strongly in local pop culture, while Shiba Inu maintains a solid third place in Latin America thanks to its active community and its promise of high performance.” $PEPE
The preferences for memecoins have gained such strength in recent weeks that Dogecoin and Shiba Inu managed to enter the top 10, while Cardano fell to 11th place, evidencing a shift in market trends towards speculative assets.
