#MemecoinSentiment
trade now . . bullish sentiments๐ฏ๐ฏ๐๐๐โคโคโค๐๐โโ๐๐ค๐ค๐คโคโค๐๐๐ฏ
๐ฟ๐ค๐๐๐๐ค๐๐ฃ ๐๐ฃ๐ ๐๐๐๐๐ ๐๐ฃ๐ช ๐จ๐ ๐ฎ๐ง๐ค๐๐ ๐๐ฉ ๐๐จ ๐ข๐๐ข๐ ๐๐ค๐๐ฃ๐จ ๐๐ญ๐ฅ๐ก๐ค๐๐ ๐๐ช๐ง๐๐ฃ๐ ๐๐ง๐ฎ๐ฅ๐ฉ๐ค ๐ข๐๐ง๐ ๐๐ฉ ๐๐ค๐ค๐ข
The meme coin mania is back, and itโs hitting new heights after Bitcoin (BTC) reached a new all-time high above $118,000, which has led meme coins to show signs of growth, as per a CoinCentral report.
Dogecoin (DOGE) has increased 18%, Shiba Inu (SHIB) has risen 15%, and Pepe jumped 30%, as per the weekly charts, which have driven the total market cap of meme coins to hit $66 billion, according to the CoinCentral report.
While, as of July 10, Dogecoin had increased 5.5%, which boosted its market cap to $28.7 billion, and Shiba Inu had surged 4.8%, which led to its market cap hitting $7.7 billion, as reported by The Street.
The meme coin sector is in full-on rally mode, with coins like Pepe, up 8.2%, and Bonk, with a 10.3% gain, and even absurdist tokens like Fartcoin and Pengu, increasing 13.4% and 26.6%, respectively, currently booming, as reported by The Street on July 10th.
But beyond the numbers, a deeper shift might be underway, as there is growing concern over the United States' inflation, which has shaken faith in traditional currencies, prompting more investors, especially retail traders, to lean into meme coins that openly satirise the very idea of intrinsic value, according to the report