Bitcoin (BTC) $91,963 -based memecoins began to attract attention in the cryptocurrency market. With Bitcoin reaching record levels, PUPS DOG•GO•TO•THE•MOON And BILLION DOLLAR CAT Memecoins such as have made significant profits in a short time. In the last 24 hours, these memecoins have gained up to 35 percent in value. CYPHER•GENESIS Small-scale memecoins such as rose 77 percent. This rise in blockchain-based memecoins reveals how they are growing within the Bitcoin ecosystem. Data shows that the rise in the price of the largest cryptocurrency is directing investors to such altcoins.
Runes Surpasses BRC-20
Offering an infrastructure that works on Bitcoin’s UTXO model runes The protocol enables the creation and management of NFTs. Developed in 2024, Runes offers a more effective use as it is compatible with Bitcoin’s network structure. It also reduces network congestion experienced in other token standards.
Latest data shows the market value of Runes BRC-20It reveals that it has passed . However, there is still some movement in on-chain metrics. Experts emphasize that price increases generally precede social activities.
Memecoins Tend to Stand Out During Periods of Low Volatility
Memecoin‘s generally become popular during periods of low market volatility. They are gaining traction as a sideline investment area that supports Bitcoin’s rise. The appeal of Memecoins stems from investors’ search for higher returns. Such altcoins Ethereum (ETH) $3,110 And solana It also attracts attention in other ecosystems such as (SOL).
Analysts state that interest in memecoins is generally based on short-term gains rather than long-term investment plans. However, these altcoins increase trust in large ecosystems.
With the rise of Bitcoin, memecoins continue to come on investors’ radar. These altcoins create an opportunity for both those looking for speculative profits and those who want to support the Bitcoin ecosystem.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.