The recent rise in the meme coin market may be the clearest signal of the altcoin bull.
Meme coins of the cryptocurrency market entered the market with astonishing rises in March. First FLOKI (FLOKI), Pepe (PEPE) And dogwifhat (WIF) in almost all meme coins in 1 day, including over 40% There were increases.
Making a statement on the subject K33 Research analysts say meme coin rises A clear indication that money is starting to shift from Bitcoin to altcoins He emphasized that it was.
This situation The beginning of a new altcoin bull Commenting as follows, analysts noted that more serious increases can be expected in the altcoin market in the coming period:
Historically speaking, altcoins seem to be entering a period of better performance in the coming period. There is enough risk appetite to skyrocket a few major altcoins, but we have yet to see a new wave of retail investors entering the altcoin arena to create a tide that lifts all boats.
According to CoinGecko data, FLOKI has increased by 110%, WIF by 50%, PEPE by 53%, Wojak (WOJAK) by 40%, Milady Meme Coin (LADYS) by 41%, and Memecoin (MEME) by 42% in the last 24 hours.