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

📆 26/06/2024 12:07 p. m.
📰 CryptoAmb

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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.

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