Crypto Blog
The current crypto market cycle, which is undergoing a heavy pullback, has largely been driven by meme coin mania and spot Bitcoin ETF hype.
According to CoinGecko, the total market capitalization of all meme coins is around $46 billion, which is more than Ripple and Cardano combined. They represent roughly 2% of the total crypto market. “These founders focus on making a quick buck and generating short-term hype rather than on longevity.”
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