#MemecoinSentiment Meme coin sentiment has shifted significantly over the past year. According to YZi Labs analysis, the Meme/Non-Meme Coin Market Cap Ratio indicates a decline in meme coin dominance :

- *February 2024*: Meme coins accounted for 2.5% of the total cryptocurrency market cap, showing moderate interest.

- *November 2024*: The ratio surged to 9%, reflecting peak hype and viral meme coin growth.

- *February 2025*: The ratio cooled down to 5.67%, indicating a pullback from November's highs and a potential shift towards crypto fundamentals.

This decline in meme coin dominance might signal a move towards greater market maturity and a renewed focus on projects with real substance and long-term potential. However, meme coins will likely continue to experience moments of hype.

*Current Market Sentiment:*

Market sentiment plays a significant role in influencing meme coin prices, driven by emotions, social trends, and online narratives. Factors contributing to volatility include ²:

- *Social Media Hype*: Influencing investor attitudes and driving price movements.

- *Community Interest*: Fueling demand and price increases.

- *Negative Sentiment*: Leading to selling pressure and downward spirals.

*Memecoin (MEME) Price:*

The current price of Memecoin (MEME) is around $0.0018355, with a 4.28% increase in the last 24 hours. Other sources report slightly different prices, such as $0.001843 with a 4.36% increase or $0.001798 with a 2.39% increase .

Keep in mind that cryptocurrency prices can be highly volatile, so it's essential to check reliable sources for the most up-to-date information.