• English
  • Español
  • Français
  • Português
  • Русский

Why cryptocurrency memcoins are on the rise

Why cryptocurrency memcoins are on the rise
CryptON
12/11/2024
Authors: CryptON
#ArbitrageScanner
#Research and Analysis

Why cryptocurrency memcoins are on the rise


In recent months, memes and artificial intelligence (AI)-based interactive agents have garnered significant attention, with some projects achieving notable successes. While many of these tokens have since declined in value, the question remains: do they still deserve our attention? Is smart money maintaining its position or adjusting its position?

In recent weeks, several AI influencers and agents have launched their accounts on platforms like Virtual and have become more prominent. If you want to explore this trend further, you can read more about it in our in-depth article here


Fighting for attention or analyzing market sentiment - sentiment

Why cryptocurrency memcoins are on the rise

Most of the news was about memcoin listings on solana 

Analyzing current trends, it seems that only a few of these tokens will be able to form a sustainable community around them. Mass adoption of AI-based agents will likely require specific and useful applications. As for other blockchains, though, smart money has shown a “boom” in pumping memcoins there

$NEIRO showed a significant growth of 80% after a major trader known at 0x8b13 purchased 116.7 million tokens worth $174k. Even before the jump, he strengthened his position and his investment reached 294.15 million tokens, which is now valued at $615k. This is an example of how anticipation of a trend and active participation of major players become precursors to growth, influencing the overall interest in the token.

Why cryptocurrency memcoins are on the rise

KLAUS also became the object of interest of one of the “smart” investors. Since the beginning of October, the trader invested $59 thousand, buying coins on the downturn at an average price of $0.00567. With subsequent affiliate news, the price of KLAUS rose sharply and its capitalization increased to $350k, resulting in a 490% profit.

Why cryptocurrency memcoins are on the riseShiba Inu has not been left behind either. Over the past seven days, the price of $SHIB has risen by 50% and key players such as #Wintermute and #B2C2Group continue to build on their positions. In recent days, B2C2 Group has added $449.71 billion $SHIB worth $8.34 million to its assets, while Wintermute has conducted transactions worth over $9 million ($356 billion $SHIB), which strengthens Shiba Inu's position in the market and returns it to the top 10 cryptocurrencies by market capitalization.

Why cryptocurrency memcoins are on the rise

Conclusion

Ultimately memes, remain largely speculative. Despite high interest and early success, most of them have yet to have a real-world application that can provide long-term sustainability. It appears that smart wallets are cautiously experimenting by selecting individual tokens while mitigating risk by transferring some of their profits into more stable assets.

The key question for the near term is: can these tokens build a solid community and offer real value, or will they eventually give way to new trends? For now, investors' strategy is more focused on early entry, timely exit and waiting for new opportunities that the market will provide.

Subscribe to us on social networks: