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Meme Coins Going to Moon, Outpacing Major Market Cap Cryptos

Written by: Qadir AK

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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Nov 3, 2021

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Investors and traders in the crypto industry are looking out to diversify their portfolios. With their foray into meme coins for quicker gains. Almost every investor and trader in the space are considering risking some part of their money into meme coins. Owing to the stupendous rally which they pose. In addition, these coins have been achieving newer targets and acceptance with each passing day.

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Meme Coins Are Raising Their Bars!

According to sources, an Ethereum whale purchased $1,341,083.63 worth of SHIB earlier today. SHIB has passed 900,000 total holders. And an anonymous SHIB whale buys $750 million worth of SHIB coins in the last 10 days.

On the other hand, BabyDoge has passed 850,000+ holders, and coins worth $11.7 million have been burnt. To celebrate the 5th birthday of the meme coin. According to some sources, FLOKI has passed 2,60,000 total holders. Apart from these milestones, the meme coins have been receiving institutional acceptance and adoptions at a steady pace.

Smaller investors may be more leaned towards meme coins now. As top-tier coins are now sort of an elite’s game. Owing to the fact that making fortunes out of the top-tier coins will be at the snail’s speed compared to that of quick profits of meme coins.  

Investors also look out to extract the profits out of meme coins. And could transit into prominent ones and stable coins. On the contrary, these coins are growing in terms of utility at a gradual momentum. Meme coins have come ahead of being a coin relying on sentimental values.

Collectively, what is less talked about is that meme coins hold immense potential in the NFT space. Owing to the meme sensation and digital art among youths and across social media platforms. We surely are looking towards a shift from mainstream investments in the crypto industry.  

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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