Bitcoin-based Memecoins Gain Traction as Beta Bets Amid Surge to Lifetime Peaks
Bitcoin-based memecoins such as PUPS, DOG•GO•TO•THE•MOON, and BILLION•DOLLAR•CAT are becoming increasingly popular as speculative assets during times of low volatility in other crypto sectors. The Runes protocol, which allows for the creation of fungible tokens directly on Bitcoin using its UTXO model, has surpassed BRC-20 in terms of market capitalization. As Bitcoin continues to reach new all-time highs, some crypto traders on X are turning to memecoins as a beta bet on its growth, making it a noteworthy trend to follow.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Injective offers users the ability to create their own AI agents with new SDK
Legendary Technical Analyst Speaks After Record Bitcoin Price: Explains What He’s Worried About
John Bollinger, who has recently shared analyses about the cryptocurrency market, evaluated the latest situation in Bitcoin.
How Will the Approval of Bitcoin ETF Options Affect BTC Price? Here are the Predictions
In a historic development, options products for Bitcoin Spot ETFs have been approved and have started trading. So what happens next?
When Will SEC Make a Decision on XRP ETF? Expert Lawyer Announces Possible Date for XRP Decision!
Jeremy Hogan said that Bitwise will not make a decision on the XRP ETF application until mid-2025 due to the ongoing Ripple lawsuit appeal.
Trending news
MoreCrypto prices
More
