Bitcoin-based Memecoins Gain Traction as Beta Bets Amid Surge to Lifetime Peaks
Bitcoin-based memecoins such as PUPS, DOG•GO•TO•THE•MOON, and BILLION•DOLLAR•CAT are becoming increasingly popular as speculative assets during times of low volatility in other crypto sectors. The Runes protocol, which allows for the creation of fungible tokens directly on Bitcoin using its UTXO model, has surpassed BRC-20 in terms of market capitalization. As Bitcoin continues to reach new all-time highs, some crypto traders on X are turning to memecoins as a beta bet on its growth, making it a noteworthy trend to follow.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
SCRTUSDT now launched for futures trading and trading bots
Bitget has launched SCRTUSDT for futures trading with a maximum leverage of 75, along with support for futures trading bots, on November 21, 2024 (UTC+8). Welcome to try futures trading via our official website (www.bitget.com) or Bitget APP. SCRTUSDT-M perpetual futures: Parameters Details Listing
The results of the Solana Radar hackathon have been announced, and the decentralized currency exchange platform Reflect has won the championship
This competition brings together founders and developers from over 120 countries, dedicated to building products in areas such as infrastructure, gaming, decentralized physical infrastructure networks (DePIN), DAOs, DeFi, payments, and various consumer applications.
Solana Hackathon TOP 3, CAI | CharacterX will launch unrestricted AI infrastructure services
In the AI era, infrastructure is like the roads and bridges of the digital world, and what we are building is a highway leading to the infinite possibilities of AI.
Crypto wallet Deblock completes approximately $16.8 million in seed round financing
Trending news
MoreCrypto prices
More
