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Best Meme Coins Live News Today: Latest Opportunities & Updates (July 15)
As the crypto market continues to surge with Bitcoin merrily dancing past $118K, meme coins are on the cusp of a potential explosion. Given their sky-high market cap and relatively low entry prices, it’s no surprise that retail traders have been flocking towards these high-risk, high-reward tokens in droves.
According to reports from Wintermute, retail investors are abandoning institutional investment strategies that focus solely on blue-chip assets like Bitcoin and Ethereum, opting instead for more speculative, albeit riskier investments. This shift in investor sentiment could potentially catapult smaller-cap meme coins into the stratosphere of the crypto charts.
Bonk has been one such standout performer, rallying an impressive 24% in a week as Open Interest (OI) climbs to over $500 million. With its market cap now at a staggering $2.39 billion, Bonk’s price is expected to continue soaring due to rising interest and demand.
Solana meme coins are also making waves, with the likes of Solana-based Snorter Token ($SNORT) primed for explosive growth following the news that it introduces the cheapest, fastest, and most accessible trading bot on the platform. This revolutionary concept has garnered massive attention from the crypto community and could propel $SNORT to new heights.
The recent trend among retail traders is a stark departure from institutional strategies that focus on stablecoins and larger-cap assets like Bitcoin and Ethereum. It appears that smaller-cap tokens have become the go-to choice for these risk-takers, with meme coins like Bonk and other altcoins experiencing a surge in popularity.
Source: bitcoinist.com
