#MemecoinSentiment
The overall sentiment in the memecoin segment remains bullish, despite recent corrections.
The Bitcoin rally (reaching USD 118,600 on July 11) has rekindled the interest of speculative traders, causing increases of between 20% and 1000% in several memecoins.
However, analysts at Santiment warn that such rallies often coincide with peaks of greed in the market, anticipating possible pullbacks.
Online, coincentral points out that memecoins today represent speculative bets driven by channels like Twitter and Discord, making them extremely volatile.
In summary: there is short-term optimism driven by the current crypto environment, but also signs of possible correction if the speculative narrative persists.
