Leading cryptocurrency Bitcoin While it reached a new ATH yesterday and shot up to $73,800, it fell to $72,000 after the US PPI data announced today.
BTC While continuing its strong rise, mem tokens other than BTC also managed to attract the attention of investors.
At this point, while relatively low-value mem tokens have been talked about more recently, Dogecoin (DOGE) and Shiba Inu (SHIB) dwarfing larger meme tokens like PEPE Coin (PEPE), Solana-based Dogwifhat (WIF) and BONK Small-cap meme tokens such as have surged to new highs.
It increased by more than 40% in the last 24 hours and exceeded $ 3. WIF The rise expectation is also increasing.
Evaluating the rally of relatively lower-valued meme tokens such as WIF centimeterHe said that investors are looking for alternative assets with exponential growth potential and are turning to mem tokens, resulting in significant increases in mem token prices.
Stating that at this point, investors switched to mem tokens with their BTC profits, Santiment stated that they invested the profits they made into mem tokens.
Santiment, among these meme tokens MONG, BAD, LADYS, WEN and WIFHe stated that there was.
“Mem tokens had another big winning day as Bitcoin broke above $73,600 with a new ATH.
“With each BTC increase in March, profits were quickly redistributed into speculative assets with low liquidity.”
It was stated that with every increase in the price of Bitcoin, investors quickly transferred their profits to mem tokens, which they saw as alternative assets, reflecting the increasing appetite for high-risk investments in the cryptocurrency market.
🤣 #Memecoins had another big day as #Bitcoin‘s #AllTimeHigh notched above $73.6K. With each $BTC rise in March, it appears profits are quickly being redistributed to speculative assets with low liquidity. track #memecoin metrics on this useful watchlist: https://t.co/XgaeFiQ8XG pic.twitter.com/9bl4L2TVbm
— Santiment (@santimentfeed) March 13, 2024
*This is not investment advice.
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