Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Bitcoin-based Memecoins Gain Traction as Beta Bets Amid Surge to Lifetime Peaks

Bitcoin-based Memecoins Gain Traction as Beta Bets Amid Surge to Lifetime Peaks

CointimeCointime2024/11/18 08:55
By:Cointime

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.

0

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.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Bitwise CEO: Solana an ‘incredible emerging asset and story’

Hunter Horsley says Solana is one of this cycle’s breakout successes that he thinks clients will want to access

Blockworks2024/11/23 08:11