As the blockchain technology continues to swept the world, “memecoins” are becoming popular alongside groundbreaking projects. According to a recent CoinMarketCap data, the trending crypto assets of the USA have been cryptocurrencies such as Shiba Inu, Doge Killer and more. Dogecoin has not been popular lately. Bitcoin and the chairman altcoin ETH are at the bottom of the list. Let’s start by examining the development that changed the direction of the wind with the comments of crypto investor and trader Jordan Lyanchev…
Memecoins rank first
Since the beginning of the year, “meme” cryptocurrencies have been attracting the attention of the entire market. Although the head of the segment, Dogecoin, has lost its popularity recently, it had a shocking effect on the markets. However, when it comes to DOGE, it is necessary to remember the contributions of its biggest supporter, Elon Musk. Launched in 2013, Dogecoin has become a big brand and million-dollar economy with Musk’s Twitter posts. This rise brought new competitors to the president “memecoin” DOGE. Altcoin projects such as Shiba Inu and Doge Killer, which want to take advantage of the furya, were quick to get a share of the pie. And then SHIB managed to become one of the top 20 cryptocurrencies.
But Shiba Inu, Cryptocoin. As we have previously reported as com, it is currently quite far from its ATH. Despite this decline, SHIB, which still manages to attract attention, is the 4th trend crypto asset of the USA according to CoinMarketCap information. As seen in the tweet below, it turns out that more than one asset of the list is “Memecoin”, Ethereum is in the last place and Bitcoin is in the 6th place.
Why are leading altcoins ETH and Bitcoin at the bottom?
According to the above CoinMarketCap data, Bitcoin and Ethereum are in the last place despite being the chief crypto assets. While emphasizing that this situation has a direct connection with Tesla CEO Elon Musk, the analyst states that although other altcoin projects are not a trend, they stand out with their technologies.
Finally, it is noteworthy that Ethereum barely made it to the list, lagging behind Baby Doge Coin and Shiba Inu. According to analyst Jordan Lyanchev, while this clearly shows the influence of Elon Musk, it also reveals the power of social media.
Disclaimer: Cryptocoin. The articles and articles on com do not constitute investment advice. Cryptocoin. com does not recommend buying or selling any cryptocurrency or digital asset or Cryptocoin. com is not an investment advisor. Hence Cryptocoin. com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, asset or service in this article.
Notice: Cryptocoin. Citing the news content of com and quoting by giving a link Cryptokoin. com’s permission is used. No content on the site can be copied, reproduced or published on any platform without permission. Cryptocoin. Legal proceedings will be initiated against those who use code, design, text, graphics and all other content of com in violation of intellectual property law and relevant legislation. .