Pray, consider these observations:
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Bitcoin, that haughty institution-driven darling, hath left poor memecoins in the dust, quite the snub to their retail-heavy affections. ๐ธ
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Yet, DOGE, PEPE, and TRUMP, those whimsical creatures, show a glimmer of hope for a Q4 rebound-how quaint! ๐ถ๐ธ๐คก
Bitcoin (BTC), ever the prideful one, hath soared to fresh highs above $125,000, while its lesser companions, Ether (ETH), Solana (SOL), and BNB (BNB), trailed behind in awe. ๐
Alas, the memecoins, once the darlings of the ball, have failed to keep pace with this grand crypto boom. How the mighty have fallen! ๐ข
DOGE, TRUMP, and Their Brethren in Slump
Bitcoin, with its 32% gain year-to-date, hath mirrored the boom across risk markets, all thanks to the declining US dollar. How convenient! ๐
Meanwhile, memecoins, those flighty creatures of retail speculation, have stumbled. Dogecoin (DOGE), once the leader of the pack, hath slipped 20.20%, while Shiba Inu (SHIB) and Pepe (PEPE) have plunged 41.41% and 48.55%, respectively. How tragic! ๐๐
Solana-based Bonk (BONK) is down 32.80%, and the Official Trump (TRUMP) token, launched with such fanfare, hath dipped by over 83% from its highs. AICell, poor soul, hath crashed by over 96%. What a spectacle! ๐คฆโโ๏ธ
Solanaโs Memecoin Mints: A Tale of Waning Interest
The number of new memecoins emerging from Solana-based launchpads hath dropped sharply since July, according to the wise sages at Dune Analytics. ๐งโโ๏ธ
At the height of the mid-2025 mania, Solana was minting nearly 400 new meme tokens daily. By late August, that number had plummeted below 100, a decline of over 75%. How fickle is the heart of retail! ๐ข
This cooldown suggests a fading interest in memecoins, as traders turn their attentions to prediction markets. How very diverting! ๐ฎ
Solana memecoins handled a mere $864.8 million in volume during the week of Sept. 21-28, compared to $1.54 billion across prediction platforms like Polymarket and Kalshi. Nearly 1.8 times higher-how telling! ๐
The rise of institutional narratives and competing speculation venues hath drawn retail attention away from the memecoin sector. How the tables have turned! ๐ฐ๏ธ
Might Memecoins Rise Again in Q4? A Flight of Fancy?
Based on technical setups, some memecoins exhibit signs of a late-stage revival in Q4 2025. How hopeful! ๐ฑ
DOGE, forming an ascending triangle pattern after a 70% drop from its local high, teases a breakout above $0.28, potentially targeting $0.41 by yearโs end. How ambitious! ๐
Conversely, a break below the lower trendline may send DOGE toward $0.195. How precarious! ๐ฌ
Pepe (PEPE), another top-volume memecoin, forms a similar bullish reversal structure, with a year-end target of $0.00002230, a 126% increase. How daring! ๐ฆ
TRUMP, testing resistance near $8.30-$8.35, may breakout toward $9.26-$10.75 by yearโs end. Failure to clear resistance risks a pullback to $7.30. How dramatic! ๐ญ
Will these memecoins claw their way back, or shall they remain in the shadows of Bitcoinโs glory? Only time will tell, dear reader. ๐
Read More
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2025-10-06 15:57