One altcoin in particular is dominantly leading the meme coin rally.
While the cryptocurrency market has continued to maintain its general upward trend for months, serious increases have been seen especially in meme coins in recent weeks.
One of the projects leading these rises is Pepe (PEPE) happened. PEPE, which has been at the center of attention of investors since its first day on the market, has gained popularity only in the last month. Nearly 900% increase performed.
Among the meme coin projects accompanying PEPE: dogwifhat (WIF) Another new altcoin such as attracted attention. In response to the two meme coins in question that flourished in this bull market Shiba Inu (SHIB) And FLOKI (FLOKI) Stars of the past bull market, such as , also showed significant rises.
DeFi platform Blueberry made a statement to CoinDesk Global about the issue. Protocol’s co-founder and COO Slater HeilWhile pointing out the rise of meme coins on the Ethereum and Solana network, he hinted that the altcoin season will get even stronger:
As bitcoin and ether rise, it causes a spillover effect where coins deployed on ethereum and solana also rise. This includes meme coins. Investors will take advantage of bullish conditions as much as possible, and meme coins are one way for them to do this. In the short-to-medium term, I expect a return to ‘fundamental-oriented’ altcoins.