Altcoins
Have Altcoin Hunters Missed Meme Coin Season? KAI Cat says not even close.
Meme coins exploded at the start of the year, but are down in June. Altcoins like Shiba Inu, Dogwifhat, Bonk, Pepe, and PopCat topped the cryptocurrency charts for daily and weekly growth candles. These meme-inspired decentralized finance cryptocurrencies were better bets than Bitcoin and Ethereum for weekly returns.
What is happening with the rise in meme currency prices? Is the summer of memes already coming to an end or are market conditions temporarily putting the meme rally on hold? Will market caps in the billions start to lose their gravitas in a rush of memes or will the hype continue to build? with more steam than ever are you going to tackle a key strategic summer this year?
Why are Meme Coin prices falling?
Major coins by market cap were in the red last week, consistent with the market’s overall bearish performance for the week ending Saturday, June 15.
Bitcoin (BTC) traveled through the seven-day window for a gain of 4.92%, BNB Coin (BNB) for Binance Exchange and Binance Smart Chain fell 9.78% and Toncoin (TON) gained 10.48%. on crypto exchanges.
Top gainers for the seven-day window among cryptocurrencies include Notcoin (NOT) with a 157% increase, JasmyCoin (JASMY) with a 52% gain and Ordi Coin (ORDI) with a 36% jump in value for the week.
Bitcoin project Rune Ordinal DOG GO TO THE MOON was the only coin to escape the week’s massacre. DOG GO TO THE MOON brought investors 65% of their capital and sent that Bitcoin money back to the moon.
However, the rest of the meme coin market did not fare as well over the seven-day window. Bonk (BONK) on the Solana network fell 19.7% for the week. DogWifHat fell 7.8% amid meme coin rout. Pepe (PEPE) on Ethereum collapsed by 11% over the week. Shiba Inu on Ethereum fell 10% over a seven-day period.
Even Dogecoin fell 2% during the week. Only Floki Inu (FLOKI) was spared on Ethereum and Binance Smart Chain, with gains of some 4.9% to show for the week’s swaps. Brett (BRETT) – Doge’s friend on Coinbase – also managed to not only escape the carnage, but also rose 48%.
Have you missed Meme Coins season yet?
Is meme season over yet? Unlikely. While there is no guarantee of a future movement of free and open markets for crypto exchanges, meme season tends to follow waves of capital moving into decentralized finance (DeFi) ecosystems during altcoin season following peaks in capitalization of Bitcoin. Bitcoin hasn’t even gotten there yet in this cycle.
Once the price of Bitcoin reaches a market peak and begins to stabilize, likely several months into 2025, other cryptocurrency markets will in turn begin to make their way to their local highs.
This will be the end of altcoin season, potentially in mid to late 2025, or even 2026, depending on how the general super cycle evolves with the rest of the global economy in 2024 and beyond.
So you probably haven’t missed the meme corner season yet. But the first returns come from projects like Kai Cat Coin, who participate in their pre-sale event with fixed prices before marketing. Investors looking for the biggest candles to profit are seeding their profits all over the world. projects like thesestay in touch with the online community, and even early and even often.