Solana meme coins see steep correction as bull market enthusiasm fizzles out

  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 20 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 72%

Solana Noticias

Cryptocurrencies

The rally in Solana-based meme coins is losing momentum on Thursday after these tokens have yielded massive gains for holders in the past week.

Crypto traders’ belief in a bull market has reduced significantly since October 2023. Santiment analysts say that less long-term optimism among market participants shouldn’t necessarily weigh on prices. Solana-based meme coins Dogwifhat, Bonk, Slerf or Ponke see steep corrections on Thursday. The recent market-wide correction in crypto, with Bitcoin declining below the $70,000 level, has driven meme coin prices lower on the daily time frame.

Solana-based meme coins suffer price decline. While the meme coin party may have ended abruptly, on-chain analysts at crypto intelligence tracker Santiment believe that the crypto market is still in a bull run. The enthusiasm among market participants seems to have thinned out since October, however, analysts state that less long-term optimism is not typically a warning sign for prices.

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 14. in CO
 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Meme coins, Solana, AI tokens emerge as outliers in crypto market bloodbathSolana (SOL) and Solana-based meme coins such as Dogwifhat (WIF), Sillycat (SILLYCAT) or Popcat (POPCAT) observed an increase in price on Friday.
Fuente: FXStreetNews - 🏆 14. / 72 Leer más »