$PEPE Gains Investors’ Attention While These Other Three Memecoins Experience A Shift In Trader Interest

$PEPE Gains Investors’ Attention While These Other Three Memecoins Experience A Shift In Trader Interest
фото показано с : nulltx.com

2023-9-28 14:48

The cryptocurrency market has been marked by significant fluctuations since the mid-July local top, with many altcoins experiencing more declines than gains. Amidst this market turbulence, there has been an intriguing shift in trader interest, particularly concerning memecoins.

Source: Santiment Traders Show Preference For $PEPE Over $Doge

One of the standout observations is the changing landscape of memecoins. Notably, Dogecoin ($DOGE), the original memecoin sensation, has seen its discussion rate hit the lowest point since 2020. This decline in chatter around DOGE may indicate a shift in sentiment, with investors and traders exploring alternative opportunities in the crypto space.

Conversely, PEPE, a lesser-known memecoin, has experienced a slight uptick in discussions, coinciding with a noteworthy +19% price increase over the past week. This demonstrates that traders are not just focused on the big-name memecoins; smaller players can also capture their attention when they show positive price movements.

Shift In Trader’s Interest

However, some memecoins that once generated significant buzz have fallen off traders’ radars after the three-month market downturn. Dogelon Mars and Shiba Inu, both of which garnered substantial attention during the meme coin craze earlier this year, have seen their prominence wane as market conditions shifted.

This shift in trader interest within the memecoin space reflects the dynamic nature of the crypto market. Traders are continually seeking new opportunities and adjusting their strategies based on market trends and sentiment. It also highlights the importance of staying informed and being adaptable in the ever-evolving world of cryptocurrencies.

Final Thoughts

In conclusion, the recent changes in memecoin dynamics illustrate how the crypto market can swiftly reshape itself. While some memecoins experience a decline in popularity, others seize the spotlight, demonstrating the need for traders to remain vigilant and responsive to emerging trends. As the crypto landscape evolves, memecoins, like other cryptocurrencies, continue to play a role in the broader ecosystem, albeit with their unique flair and characteristics.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news!

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin Interest (BCI) на Currencies.ru

$ 0 (-1.38%)
Объем 24H $0
Изменеия 24h: 0.44 %, 7d: 1.22 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0055889 (-100%)

interest shift market memecoins trader gains declines

Источник: nulltx.com

interest shift → Результатов: 67


Contrasting currents in crypto market as Bitcoin futures plunge, crypto-margin soars

Quick Take The recent data analysis indicates a critical shift in Bitcoin futures contracts, particularly in the wake of the Grayscale lawsuit. Bitcoin open interest, the total number of outstanding futures contracts, has suffered a significant reduction, with a rough estimate of 400,000 Bitcoin in futures contracts representing one of the lowest readings year-to-date.

2023-9-1 12:00


Bitcoin market signals local bottom as key indicators suggest potential reversal

Quick Take Several key metrics in the Bitcoin market suggest a local bottom, an inflection point indicating a potential reversal from the recent downward trend. Open interest, a metric that tracks the total number of outstanding derivatives contracts, has been reset, indicating that players are repositioning themselves for a potential market shift.

2023-8-24 13:00


Shift to self-custody? $125M Bitcoin outflow stirs market interest

Quick Take Yesterday, Aug. 21, marked a remarkable shift in the Bitcoin landscape as finance experienced one of its most substantial outflows to date, approximately $125M. This considerable movement of funds away from finance platforms may suggest an increased preference among users for holding their own assets rather than keeping them on exchange platforms.

2023-8-22 13:00


Фото:

AI TalentGPT (AITGPT) Emerges as Dominant Utility Token Amidst Meme vs Utility Token War

In a fierce battle between meme and utility tokens, AI TalentGPT  (AITGPT) has emerged as the frontrunner, captivating the attention of many and diverting their interest from meme tokens. The recent first-dat price dumping incidents involving AI DOGE and Big Eyes have triggered a shift in the asset landscape, with users seeking the stability and […]

2023-6-29 15:09


Beyond Ethereum (ETH) & Solana (SOL): Exploring an AI Cryptocurrency with Greater Long-Term Growth Potential

Investor sentiment towards Ethereum and Solana has been negatively impacted by recent developments in the market. The increasingly crowded blockchain landscape has introduced numerous competitors, such as Polkadot and Cardano, offering improved scalability, efficiency, and smart contract capabilities, all contributing to the shift in interest.

2023-6-17 19:00


BoE Telling Banks to be Ready for Negative Rates Is Another ‘Boost’ for Crypto & DeFi

The Bank of England told British banks this week that they will need at least six months to prepare for a shift to negative interest rates. It was back in October that BOE asked banks to be prepared for sub-zero rates after revealing in September that it was exploring the possibility to lower the rates […] The post BoE Telling Banks to be Ready for Negative Rates Is Another ‘Boost’ for Crypto & DeFi first appeared on BitcoinExchangeGuide.

2021-2-6 20:14


дальше еще 18 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Ethereum Memecoin $PEPE Surges 15% Amidst Whale Activity

Today, Ethereum memecoin $PEPE has emerged as one of the top daily gainers in the crypto market, boasting a significant 15% surge in its price. According to on-chain reports, Whale 0x546 has made a notable move by withdrawing 331.

Top 3 Memecoins With Fast Growing Development Activities To Watch In 2023

The cryptocurrency market is showing some signs of heavy volatility at this moment and some memecoins are still taking development very seriously. Here are the top 3 memecoins that are currently taking developments seriously with recent launches and burn plans: Baby Doge Coin (BABYDOGE): Baby Doge Coin is a memecoin that was created in June […]

The Future Of Meme Coins And Their Price Movement

With the rise of NFT’s and alternate cryptocurrencies, meme coins such as Dogecoin (DOGE), Shibu Inu coin (SHIB), and Mona coin (MONA) are becoming increasingly popular. Traders can find all the major meme coins here.