MEME has become the mainstream of this bull market

As traditional altcoins struggle to survive in the 2024 market, they discover an astonishing fact: self-deprecation may be the last resort. On November 15, several projects, including Litecoin, jokingly posted: "We are actually a MEME coin."

This is not just humor, but a strategy to cope with the changes in the market landscape. From Polygon to Yearn.finance, to TRON DAO, these once "serious projects" have to "accommodate" the MEME playstyle, as traffic and attention are concentrated in the MEME coin track.

As of the 15th of this month, the market size of MEME coins has exceeded $140 billion. Among the top 20 assets with the highest trading volume in the past 24 hours, 7 are MEME coins.

This achievement makes other tracks pale in comparison. Data shows that this year the return rate of MEME coins is significantly higher than that of RWA (Real World Asset tokenization) and AI tracks. The market's funds and liquidity are being wildly absorbed by MEME coins.

However, this revelry is not without controversy. On one side are traditional investors criticizing MEME coins as mere speculative tools; on the other side are MEME enthusiasts celebrating the wealth effect they bring. Binance's stance is also very clear: as long as it can bring traffic, any coin has the chance to become a "good coin."

What other coins are worth paying attention to next?

1. BananaBan: Riding on the hype of Musk, with Old Ma changing his profile picture, BananaBan surged by 20%. Although this hot coin has an astonishing short-term increase, the risks are equally huge. Investors should approach it with caution and not blindly follow the trend.

2. XRP: The open interest of XRP futures has exceeded $2 billion, with prices hitting a three-year high. This is backed by strong pressure from bearish forces, but it also means that once the bulls retaliate, the increase will be equally astonishing.

3. AVAX, ROSE, ADA: This week will see large unlocks, with AVAX unlocking a value of approximately $61.3 million. This will have a certain impact on the short-term trends of these coins, and investors need to pay close attention.