Bitcoin, Ethereum, Dogecoin remain sluggish ahead of Fed rate decision: Analysts say BTC is in parabolic phase, revealing its duration

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Data across the industry shows that the memecoin craze is fading. Although the leading memecoins remain stable, there have been several bearish trends in the last month.

- The memecoin sector is quietly declining across the board. About a month ago, memecoins were in a fierce bull run, outperforming top altcoins. However, new data shows that trade has fallen from $30 billion to less than $14 billion.

- Meme Coin trading volume and market capitalization have fallen. The leading memecoins have performed roughly flat this month, but dramatic ups and downs still steal the show.

For example, FARTCOIN prices rose 200%, while old assets such as DOGE fell sharply. POPCAT was the best performer, but soon fell behind. The huge success diverted attention from other losses, but the overall market performed poorly.

- Meme Coins performed at the bottom, and market interest decreased, possibly due to high-profile scams and other reasons. Most memecoin traders are losing money on some platforms, and market dominance has dropped sharply.

- While it is too early to assert that a memecoin bear market is coming, traders should pay attention to bearish signals.

For example, November trading data suggested that the altcoin season was coming, but the actual rebound failed to materialize. These trends may just be temporary illusions.

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