| Previous Close | 27.84 |
| Open | 27.84 |
| Day's Range | 26.46 - 29.42 |
| 52 Week Range | 13.68 - 51.29 |
| Start Date | 2020-07-13 |
| Algorithm | N/A |
| Market Cap | 11.341B |
| Circulating Supply | 407.36M |
| Max Supply | N/A |
| Volume | |
| Volume (24hr) | 885.63M |
| Volume (24hr) All Currencies | 885.63M |
InvestorPlaceCaution: 3 Meme Coins on the Verge of a Major Collapse
Meme coins are rallying again, mirroring the broader uptrend in the crypto market. Nevertheless, their reputation of offering little or no real-world utility and an abundant supply makes them incredibly volatile and unattractive for serious investors. Besides, with the market ticking in the green again, it’s prudent to ditch meme coins to avoid while focusing on higher-quality digital assets with real use cases. A few news items may have caught the eyes of meme coin enthusiasts recently. Solana’
- Yahoo Finance Video
Could altcoins be the new winners in cooling crypto rally?
After nearing $74,000 this week, bitcoin prices (BTC-USD) have fallen below $69,000 on Friday. Is the bitcoin-led crypto rally beginning to cool after running hot in 2024? Cumberland Labs DeFi Analyst Christopher Newhouse assesses the top crypto narratives as altcoins may be showing some promise and demanding more weight from investors in the space. "For something like meme coins, which are very hot and very interesting right now, I would like to say those meme coin-driven investments are very attention-driven," Newhouse tells Yahoo Finance. "Whereas for some of these other altcoins and layer ones in the top 20 market cap, I'd like to say that's more narrative-driven. And in terms of thinking of timing, narratives are usually a longer duration of timing — being able to come up with what's going to be hot in three months... six months... [or] 12 months." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.
