#MemecoinSentiment

#MemecoinSentiment refers to the collective emotional attitude of investors and the community toward memecoins. Unlike traditional cryptocurrencies, memecoins (e.g., Dogecoin, Shiba Inu) are highly volatile and their value is primarily driven by social media trends, viral hype, and community engagement rather than fundamental utility.

Memecoin sentiment is measured largely through social media analysis, monitoring platforms like X (Twitter), Reddit, and Telegram, and analyzing news coverage. Key influencers and viral content significantly impact sentiment, often leading to rapid price fluctuations. High positive sentiment often indicates "Fear of Missing Out" (FOMO) and speculation, while negative sentiment can cause swift sell-offs.