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
South Korea's martial law is the first since 1980
British government: will "closely monitor" the situation in South Korea
CryptoQuant founder Ki Young Ju says he will delete his previous tweet asking for help from Musk
South Korea's martial law troops withdraw from parliament