This Raging Bull Market: Is Super Meme Coin Season Coming?
A notable feature of the crypto market in 2024 is the strong rise of meme coins, which have become a major focus in the crypto world. Statistically, of the 42 cryptocurrencies that have outperformed Bitcoin this year, 8 of the top 10 are meme coins, and 4 of them have been listed on the Binance platform. The 8 meme coins include: POPCAT, MOG, NPC, MAGA, WIF, TURBO, OSAK, and PEPE. This phenomenon has people starting to discuss whether the crypto bull market of 2024 will become the golden season of meme coins.
DeFi Summer vs. Meme Coin Mania
Looking back at the bull market in 2020, the DeFi (decentralized finance) wave was ignited by Ethereum, which quickly promoted the growth of liquidity and infrastructure in the entire industry. This period, dubbed âDeFi Summerâ by the crypto community, marks the explosive growth of decentralized finance initiatives. In this round of bull market, PEPE coin triggered the meme coin craze in the market and became one of the hottest topics in the field of cryptocurrency.
Meme coins not only have a huge wealth creation effect, but also show amazing resilience and growth in the rebound stage after the market decline. For example, PEPE coin attracted a large number of investors in a short period of time and became a popular currency. This has led many people in the industry to believe that the main theme of this round of bull market may no longer be DeFi, but "meme season".
Why are meme coins so attractive?
They often spread quickly through humor, pop culture and strong community effects, attracting a large number of young, speculative small investors.
In addition, the trading volume and increase of meme coins are usually large, and they frequently appear on the hot lists of exchanges. For example, the market performance of PEPE, Neiro, Floki and other currencies has allowed many investors to see the possibility of getting rich overnight. This psychological effect has further boosted the popularity of meme coins.
There will definitely be a representative meme coin in 2024, and that is #Marvin (7055). Muskâs dog with a low market value, a thousand times is not a problem. If you build a position as soon as possible, there are already whales ambushing you. #ć ćŻćžćșććŒč #BNBChainäžTelegraméæ #çŸćœ8æé¶ćźéćźçŻæŻć„œäșéąæ #çčææźéŠæŹĄäœżçšBTC
