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Navigating Memecoin Mania

Mar 14, 2024 ⋅  8 min read

The approval of Bitcoin ETFs has propelled BTC to unprecedented levels, igniting a memecoin resurgence that has outperformed many sectors. This revival shines a light on both legacy tokens like DOGE and SHIB, which have seen gains over 100%, and newer tokens like PEPE and WIF, soaring over 600%. With most meme tokens trading strictly onchain, data analytics is crucial for spotting trends and momentum, helping investors differentiate between tokens with lasting potential and those destined for fleeting popularity.

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Ally is a Research Analyst on the Enterprise team at Messari. Prior to joining the team, Ally worked as a Structural Engineer at Magnusson Klemencic Associates. Ally graduated from the University of Illinois in 2018 with a master’s degree in Civil and Structural Engineering.

About the author

Ally is a Research Analyst on the Enterprise team at Messari. Prior to joining the team, Ally worked as a Structural Engineer at Magnusson Klemencic Associates. Ally graduated from the University of Illinois in 2018 with a master’s degree in Civil and Structural Engineering.