The market fluctuates and sectors rotate, but one thing is clear - sentiment + traffic is still the core driving force of the market!
$Floki, $Doge, $Pepe and other #memecoin, as a barometer of market sentiment, as long as the hot spots are not extinguished, funds will be pulled back and forth. In the bull market atmosphere, memecoin is still the target of short-term funds, especially projects with strong community consensus, which may cause trouble at any time!
In the medium term, if the market continues to rise, memecoin may usher in a new round of carnival, but FOMO will be divided afterwards, veteran players may stabilize their market value, while new dark horses need stories and narratives to rush out.
What about the long term? We cannot ignore the trend of meme gradually integrating into DeFi, GameFi and AI tracks, such as $Floki's ecological expansion and $Doge to test the payment field. In the future, memecoin may gradually have a certain degree of practicality rather than a pure speculative product.
After all, the market is a game field for funds. Meme, as the closest part of the market to emotions, has invincible short-term explosive power, but we must always be wary of the bursting of the bubble! Which meme do you think will be the king of this bull market?