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After breaking through the 85,000 mark in the early morning, Bitcoin hit a new high again in the morning, reaching the 89,800 line, with only 200 points left to the 90,000 mark, and the market sentiment is still high.
Compared to previous cycles, in this bull market, MEME coins have not only become a concept, but have also evolved into a symbol of market liquidity - whether it is capital inflow, market sentiment, or retail enthusiasm, the performance of MEME coins directly reflects the ups and downs of the market. Here are some MEME coins worth watching: these coins have attracted attention due to their unique concepts and market performance:
Established MEME coins:
- Dogecoin (DOGE): With a market cap of nearly $40 billion, it has risen more than three times since September and is a popular choice in the market.
- Shiba Inu (SHIB): With a market cap of about $15 billion, it also shows strong market pulling power and is seen as a stable core holding.
These "old MEME" coins, due to their early popularity and well-known status, have attracted more large funds to flow in. Especially in this bull market, DOGE and SHIB have become the preferred choice for major investors, especially for more conservative investors, as these coins have the support of market confidence as well as technical and financial stability, becoming the "mainstream coins" in the MEME sector.
Emerging MEME coins:
- Pepe: Unique design and stable market performance, quickly accumulated a large number of fans since its launch.
- WIF: A Shiba Inu-themed MEME coin based on the Solana blockchain, which quickly gained attention through airdrops.
- BOME: Committed to occupying a place in the MEME coin market through functional innovation, with a market cap of up to $650 million.
- Neiro: Since trading on Binance in September, its market cap has risen from $10 million to over $1 billion, a 10-fold increase.
The rise of these emerging MEME coins not only reflects the market's pursuit of new things, but also indicates the potential growth of the retail market. Compared to the established MEME coins, the investment risks of the emerging MEME coins are higher, but it is this uncertainty that brings the possibility of high returns.
Investors can find targets that suit their risk preferences among these new MEME coins, but in the process, they need to be vigilant against the risks of blind chasing of highs and always maintain a calm and rational judgment.
MEME coins listed on Binance on November 11:
- PNUT: On November 11, 2024, Binance announced that it will list PNUT and open USDT spot trading pairs at 18:00. As soon as the news was released, PNUT briefly touched 0.28 USDT, with a surge of 141.15% within 1 hour, and an increase of over 300% in 10 minutes. The market cap rose from $100 million to $362 million.
- ACT: After the listing, ACT's market cap surged to over $400 million in less than 24 hours, with the price soaring more than 1,000%.
On November 11, Binance announced the listing of The AI Prophecy (ACT) and Peanut the Squirrel (PNUT), two tokens with relatively low market caps and trading volumes. After the listing, the market caps of these two MEME coins surged in less than 24 hours, with ACT's market cap once exceeding $400 million and the price soaring more than 1,000%, while PNUT's price also rose by 300%.
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