Bitcoin-based Memecoins Gain Traction as Beta Bets Amid Surge to Lifetime Peaks
Bitcoin-based memecoins such as PUPS, DOG•GO•TO•THE•MOON, and BILLION•DOLLAR•CAT are becoming increasingly popular as speculative assets during times of low volatility in other crypto sectors. The Runes protocol, which allows for the creation of fungible tokens directly on Bitcoin using its UTXO model, has surpassed BRC-20 in terms of market capitalization. As Bitcoin continues to reach new all-time highs, some crypto traders on X are turning to memecoins as a beta bet on its growth, making it a noteworthy trend to follow.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Analyst Predicts SOL to Outperform Bitcoin in Growth Race: Solana Rising?
Despite Q1 Underperformance, Analysts Remain Bullish on SOL's Growth Prospects Compared to BTC
Robert Kiyosaki Sees Pain Ahead: Millions Face Job Losses as Trump and Musk Slash to Save US Dollar
New spot margin trading pair — PAXG/USDT!
Market Expert Warns of Potential Decline in Major Cryptocurrencies
In Brief Jason Pizzino warns of further losses in XRP, Solana, and Ethereum. Technical indicators suggest continued downward trends for these cryptocurrencies. Market corrections prompt investors to stay informed on price projections.
Trending news
MoreCrypto prices
More
