Shiba

2024

Bitcoin

<p>Memecoins, which had left traders with a bitter taste a few weeks ago, are back with a vengeance. Despite their rollercoaster performances, these meme cryptos are now stealing the spotlight from the king, Bitcoin. A recent study reveals that 42 cryptos have surpassed Bitcoin, a majority of which are memecoins boosted by Binance. This trend is renewing investor interest in these unpredictable but highly lucrative altcoins.</p>
<h2 id="h-bitcoin-shaken-by-new-contenders">Bitcoin shaken by new contenders</h2>
<p>Can Bitcoin remain <strong>the absolute master</strong>? Not so sure! While the crypto-star flies solo, investors are increasingly turning to <strong>riskier alternatives</strong>. Among <strong>the 42 cryptos that surpassed Bitcoin this year</strong>, 25 are listed on Binance. Even more impressive, some have just hit the scene, like <strong>SWIF, which exploded by 234% upon its listing</strong>.</p>
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     <p lang="en" dir="ltr">42 coins outperformed <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> this year, 25 of which are listed on <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Binance</a>, and 20 were listed on Binance last year or earlier, allowing users to trade and benefit from their growth. <br><br>Among the unlisted coins, 4 are exchange tokens, while 10 are small-cap, low-volume assets that… <a href="https://t.co/XFEcVVg8Rp" rel="noopener noreferrer nofollow">pic.twitter.com/XFEcVVg8Rp</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1837128808266138110?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 20, 2024</a>
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<p>It seems that altcoins are having their revenge, attracting those seeking <strong>quick gains</strong>.</p>
<p>And that’s not all:</p>
<ul>
 <li>ARKM: +10,389%;</li>
 <li>PENDLE: +752%;</li>
 <li>FLOKI: +701%;</li>
 <li>PEPE: +496%.</li>
</ul> 
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  <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-mini-symbol-overview.js" async>{"symbol":"BINANCE:ARKMUSD","width":350,"height":220,"isTransparent":false,"autosize":false,"dateRange":"12M","trendLineColor":"rgba(253,64,19,1)","underLineColor":"rgba(253,64,19,0.6)","underLineBottomColor":"rgba(253,64,19,0)","locale":"en","largeChartUrl":false,"colorTheme":"dark"}</script>
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  <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-mini-symbol-overview.js" async>{"symbol":"BINANCE:ARKMUSD","width":350,"height":220,"isTransparent":false,"autosize":false,"dateRange":"12M","trendLineColor":"rgba(253,64,19,1)","underLineColor":"rgba(253,64,19,0.6)","underLineBottomColor":"rgba(253,64,19,0)","locale":"en","largeChartUrl":false,"colorTheme":"light"}</script>
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<p>In light of these astonishing performances, bitcoin appears to be a dinosaur. The new tokens seem to bring a breath of fresh air that disrupts the status quo.</p>
<p>“<em>Memecoins are rewriting the rules of the game</em>,” claims <a href="https://x.com/lookonchain/status/1837128808266138110" target="_blank" rel="noopener noreferrer nofollow">Lookonchain</a>.</p>
<h2 id="h-memecoins-are-a-hit">Memecoins are a hit</h2>
<p>Leading the pack, memecoins, these jokester coins from social media, are having their day in the sun. <strong>8 of the top 10 cryptos of the year are memecoins</strong>, driven by their exposure on Binance. The platform has not held back, listing 4 memecoins, thus increasing their visibility.</p>
<p>But be careful, all this is just <strong>a big show led by influencers and celebrities</strong>, capable of inflating the value of these cryptos with well-placed tweets.</p>
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<p>This meteoric rise of memecoins reflects a deep change in the crypto ecosystem: more than just an amusement, they are becoming <strong>an economic phenomenon in their own right</strong>. Traders seeking big profits are betting on these volatile assets, fully aware of the risks… but also the rewards.</p>
<p>Even meme cryptos to pity, like Shiba Inu, take off after economic announcements. Following the U.S. Federal Reserve’s rate cut, the memecoin has <a href="https://www.cointribune.com/en/shiba-inu-hits-the-jackpot-the-crypto-meme-soars-after-the-rate-cut/" target="_blank" rel="noopener noreferrer nofollow">hit the jackpot once again</a>.</p>
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Meme Cryptos Are Breaking Records And Stealing The Spotlight From Bitcoin!

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