Contrary to popular belief, analysts think that the rally in meme tokens over the past 30 days does not indicate an upcoming bear market.
Looking at the market history, the major events in meme tokens of rallies a market in just before the bear market it seems to happen. Analysts usually explain this situation as “a market where investors take everything they can get their hands on, just before the market reaches saturation. hysteria period” they explain.
In line with this idea, the last 30 in the daily trading range SHIB and of DOGE to bitcoin differentiating high performancesrousing investors about a new bear market it worries. In the past 30 days, SHIB has approx. 95%DOGE 45% has risen, while Bitcoin is only 15% was able to rise. Experienced traders, however, will find that this performance difference can be compared to others. does not resemble hence as a bear market harbinger cannot be interpreted they claimed.
Expert trader Alex Kruger, rises in meme tokens news fully focused on DOGE’s rise Dogechain stated to be related to Meme tokens still at their highest level 80% It seems too early to interpret the situation as hysteria as it is trading below.
Digital Asset Fund company of Stack Funds co-founder Matthew DibbWith the rise of ETH, many coins will continue to rise, and meme tokens are the exception in this regard. won’t be stated. Also Dibb, ETH price of speculators as long as you stay high their assets more cheap and risky that they will try to evaluate the assets you believe expressed.