Here is a summary of the meme coins that have shown significant movement this August:
1. The usual ones (with high market capitalization):
Dogecoin (#DOGE ) and Shiba Inu (#SHIB ): They continue to be the "heavyweights" of the sector. Although their growth may not be as explosive as that of newer tokens, their large market capitalization and trading volume make them constant players in the meme market. They have remained close to key support levels, consolidating their positions.
2. Those generating a lot of "noise":
Pump.fun (pump): It has shown a notable upward trend, with an increase of over 36% in profits since early August. Analysts are watching to see if it can hold above important support levels to confirm a breakout.
TROLL (troll): This meme coin has seen massive growth, with its market capitalization skyrocketing more than 1,050% in the last two weeks. Such rapid movements are characteristic of meme coins and are often driven by hype and community sentiment.
Dogwifhat (wif): Inspired by a viral meme and with a strong presence on social media, it has maintained a high trading volume. Its volatility is notable, but its fan base on the Solana network keeps it on traders' radar.
3. Other tokens of interest:
Brett (brett): It stands out as one of the largest meme coins on the Base network, with a market capitalization of over one billion dollars. Despite fluctuations, its active community and partnerships keep it relevant.
Pepe (#PEPE ): Continues to show significant activity and remains among the meme coins with the highest market capitalization.
BONK (bonk): It has experienced recent declines in open interest, suggesting that its movement has been more moderate compared to other tokens.
ALERT, Important considerations:
Extreme Volatility: It is essential to remember that the meme coin market is extremely volatile and speculative. Prices can rise and fall dramatically within hours.
FOMO and Hype: Much of the movement of these tokens is due to "fear of missing out" (FOMO) and social media publicity. The lack of intrinsic utility in many of these projects makes them especially sensitive to changes in market sentiment.
Own Research: Before making any decision, I recommend that you thoroughly research each token, review their price and volume charts in the tools provided by Binance, and analyze the news that may be influencing their price.
Luis Ceballos Bisamón
