New entrants making the noise
As meme coins continue to rally, Solana (SOL) -based meme coins are having their own spectacular run. Over the past 90 days, Solana-based meme coin dogwifhat (WIF) has soared by over 134%, now trading at $3.39.
But that’s just the beginning. A new player, Book of Meme (BOME), has rocketed into the top 100 cryptos, with a jaw-dropping gain of over 1,385% in the last 90 days, currently trading at $0.01354.https://crypto.news/is-the-meme-coin-market-cap-surge-a-sign-of-bigger-things-to-come/What can you say about this news?
in my own opinion it's tough to say whether the increase in meme coin market capitalization is a hint of bigger things to come. The meme currency market is known for its volatility and speculation, so the spike could be a one-time occurrence. However, other investors believe meme coins have long-term potential as a digital money or a way to interact with online communities. Finally, only time will tell if meme currencies' value and relevance in the cryptocurrency market continue to climb.