Based on volume and open interest rates as of press time, DOGE and PEPE could recover faster than the rest.as a crucial part of the crypto economy. In a recent podcast, the executive stated that memecoins had become the ‘cornerstone’ of the crypto world.His outlook supports most market observers, who have termed the current market run a ‘memecoin supercycle.
The category might perform better again in Q2, given how fast they recover against other categories after market drawdowns. For instance,Solana-based DEXes , especially Jupiter and Raydium, have dominated the memecoin trading on the Solana network. ‘Gonna start by making it safe for people to participate first. Safety and aping are not mutually exclusive.’In the meantime, most of the legacy memecoins were down double digits on the weekly charts.DOGE and PEPE were down a mere 1%, but BONK, WIF and Shiba Inu were down 4%, 7.5% and 7.9%, respectively.
However, a strong rebound for the meme segment could take a while as most market interest was concentrated on the AI Big Data narrative, per Coinglass data. In the past 24 hours, the AI segment led with over 80% volume uptick and a 4.8% jump in Open Interest rates. The meme segment came in at the sixth position with a 15% volume increase and below 1% OI.Benjamin is a Telecommunication Engineering graduate who is passionate about crypto-markets and unraveling market trends. Armed with charts and patterns, he's interested in making the intricate, complex landscape of digital assets more palatable for every user.
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »