Memecoins are experiencing a resurgence, riding the wave of Bitcoin’s recent rally. With many showing double-digit gains over the past 30 days, the meme coin market cap has surged to $54 billion, before settling at $49.9 billion. As Bitcoin crosses $65,000 and Q4 begins with positive momentum, bolstered by a Fed rate cut, market sentiment is increasingly bullish. Memecoins are performing strongly following Bitcoin’s recent rally, with many memecoins now showing double-digit gains in the past 30 days. Is it time for another memecoin season? pic.twitter.com/AFgXKGgDq3 — IntoTheBlock (@intotheblock) September 30, 2024 The meme coin space has seen notable performers.
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