Memecoins, which left a bitter taste in the mouths of traders a few weeks ago, are back in force. Despite their mixed performance, these meme cryptos are now stealing the show from the king Bitcoin. A recent study reveals that 42 cryptos have surpassed Bitcoin, including a majority of memecoins boosted by Binance. This trend is reviving investor interest in these unpredictable but very lucrative altcoins.
Bitcoin shaken by newcomers
Can Bitcoin Stay the absolute master ? Not so sure! While the crypto star is playing solo, investors are increasingly turning to riskier alternatives. Among The 42 Cryptos That Outperformed Bitcoin This Year25 are listed on Binance. Better yet, some have just entered the scene, like SWIF which exploded by 234% upon its listing.
It looks like altcoins are getting their revenge, attracting those looking quick wins.
And that's not all:
- ARKM: +10,389%;
- PENDLE: +752%;
- FLOKI: +701%;
- PEPE: +496%.
Faced with these incredible performances, bitcoin looks like a dinosaur. The new tokens seem to bring a breath of fresh air that shakes up the situation.
“ Crypto memes are rewriting the rules of the game “, says Lookonchain.
Crypto memes are all the rage
Leading the pack are meme cryptos, these prank coins from social networks, which are taking their revenge. 8 of the top 10 cryptos of the year are memecoinspropelled by their exposure on Binance. The platform has not skimped, with 4 memecoins listed, thus increasing their visibility.
But be careful, all this is justa big circus led by influencers and celebritiess, capable of inflating the value of these cryptos with well-placed tweets.
This meteoric rise of crypto memes reflects a profound change in the crypto ecosystem: more than just fun, they are becoming an economic phenomenon in its own rightTraders seeking big profits are betting on these volatile assets, well aware of the risks… but also the rewards.
Even meme cryptos that are to be pitied, like Shiba Inu, are soaring after economic announcements. Following the US Federal Reserve's rate cut, the memecoin has once again hit the jackpot.
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