#MemecoinSentiment The label #MemecoinSentiment refers to the market sentiment regarding memecoins (cryptocurrencies based on memes, such as Dogecoin, Shiba Inu, Pepe, etc.). Here you have a clear and part-by-part explanation:

🔹 What is a memecoin?

A memecoin is a cryptocurrency inspired by internet memes or humorous themes, which usually has little real utility but gains value through viral trends, community, or speculation. Examples:

🐶 Dogecoin (DOGE)

🐕‍🦺 Shiba Inu (SHIB)

🐸 Pepe (PEPE)

🔹 What does sentiment mean?

In the context of cryptocurrencies, sentiment refers to the attitude of the public or investors toward an asset: whether it is positive (bullish), negative (bearish), or neutral.

🔹 What is #MemecoinSentiment?

It is a way to measure or share the emotional state or perception of the market towards memecoins. It can reflect:

📈 Optimism: when there are many purchases, positive memes, FOMO (fear of missing out).

📉 Pessimism: mass selling, criticism, negative memes.

📰 Influences: viral news, celebrity tweets (like Elon Musk), or TikTok/social media trends.

🔹 Where is it used?

On X (Twitter), forums like Reddit, Telegram/Discord channels, etc.

By crypto analysts or influencers to comment on whether they believe there is exaggerated enthusiasm or a decline in interest in these coins.

Example of label usage:

> "The hype for PEPE is back strong after new listing on Binance. #MemecoinSentiment up 🚀🐸"