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The meme coin market is experiencing notable shifts, particularly with the 'Routine' meme coin, which has garnered over 500 million views on social media but struggled to maintain a market capitalization above $10 million. Despite the viral attention, the coin's market cap peaked at approximately $18 million, a stark contrast to the expectations of reaching $1 billion just two months prior. Analysts are observing a trend where meme coins are increasingly reliant on viral moments for their launches, yet many are failing to sustain community interest and value. The situation reflects a broader skepticism regarding the longevity of meme-based cryptocurrencies, as market participants reassess their speculative nature.
one of my favorite things about memecoins, as with any market, but memes in particular — the price (as with any market) represents an agreement between market participants of the coin’s “value” but in memecoins, that “value” is judged based on speculation of what the coin COULD
i really enjoy this as a coin — it’s based on an account that posts images / memes of “iconic poses,” usually something that has a lot of aura or is just funny seems to be endorsed (or what not) by the account too, @insaneposes, which i actually just found out chart gud too https://t.co/mUdsc3qDvR
i really enjoy this as a coin, it’s based on an account that posts images / memes of “insane poses” a lot of the images are full of iconic aura the account also seems to interact with and posts images of figures in crypto, so i’m thinking that’s probably bullish chart gud too https://t.co/KYXLLHCqiO