Greetings to all readers of this great platform, especially to those who make life in the great community of #ProjectHOPE, in the present opportunity I want to talk a little about the behavior of the market but specifically on the Meme Coins, which are giving quite a lot to talk about in the market and to talk about in a positive way really, having many benefits in the current market despite the situation of the Bitcoin.
 Screenshot taken at: Coingecko |
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When we talk about a crypto market, we have to take into consideration many economic aspects, mainly the great variety of coins that we can get in the crypto market, with many different characteristics and special behaviors in each one of them, but generally they will follow what the price and behavior of the Bitcoin performs, despite this there are a lot of coins that tend to increase their price in these situations.
Their price is usually increased suddenly by the entry of large investments in these coins, updating their projects or launching new utilities for them, this can generate a great impact on their economy and with this we can really observe a sudden growth and with great force in the crypto market, regardless of what the crypto market is doing at the moment or the price of Bitcoin.
Under this perspective, at present we can talk a little bit about Meme Coins, this situation is having a great impact on the current market, taking into consideration the aspect of meme coins when observing DOGE there is a really similar behavior to the behavior of Bitcoin, where we can observe that its behavior respects the behavior of the market in general, as it is a really natural situation, but we have to observe another one as is the case of PEPE (ordinals).
This token is really being crazy in the crypto market, as it has had an increase of more than 600% in the last 30 days, and more than 40% in the last 24 hours, really a very different situation to the market in general, with which we can observe a situation out of the normal as it does not follow a market pattern, what it follows is a constant increase that can become a big bubble at the time, with which we must be careful.
