Following a turbulent stretch in the cryptocurrency market, the overall combined market capitalizations of memecoins have made a notable return to the levels seen during Q3 of the previous year. While the overarching crypto market continues to experience bouts of volatility, the renewed and rapid growth of memecoins signals a potential shift in overall investor sentiment back toward these curious auxilliary assets. Herein, we outline and explain three key on-chain indicators we will be watching closely to assess whether the memecoin market is primed for something akin to a “sustainable” growth phase or is merely experiencing another short-lived speculative surge.
The post Memecoin Market Rebounds: Key Indicators to Watch for a Potential Shift appeared first on The Merkle News.
