News Formal

‘Memecoins, AI will dominate’: Is the crypto market changing?

  • 📰 CryptoAmb
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 68%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Memecoins like PEPE lead market recovery early in the week as an analyst suggest that the narrative could dominate the cycle again.

After a bloody meltdown in the past few days, the market rebounded on Monday, with memecoins and AI tokens leading the recovery.

“Memes and AI will continue to be the 2 top leading narratives, in my opinion. Pick your fighters wisely.”that memecoin’s dominance in the altcoin market had declined. Based on this data point, Ju stated he was “bearish” on memes but long on BTC.market biasPEPE was above its short-term trend, 50-day EMA , and had a daily close above a lower low of $0.000012.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 22. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Why ‘struggling’ Bitcoin may be good news for market’s memecoins nowBitcoin ETF inflows were positive and May ended on a high note but the public's attention might be diverted towards altcoins...
Source: CryptoAmb - 🏆 22. / 68 Read more »