#StripeStablecoinAccounts The main memecoins are showing red figures, but the sector's market capitalization remains above 50 billion dollars

This Tuesday morning, most of the main memecoins are showing red figures in terms of performance. This price drop is related to the lack of significant movements in the price of BTC, the main driver of the entire crypto market.

Despite this noticeable decline among the main tokens, CoinMarketCap data shows that this is a minor setback. In this sense, the overall market capitalization of the sector remains above 50.99 billion dollars. This proves that the worst of investor pessimism is already behind us.

The important MarketVector index that tracks the 6 main meme coins by market capitalization also reflects an improvement. Over the past month, this index highlights a +10.22%, clearly showing that the sector is in a much better position compared to the data from early April.