Solana And Ethereum Meme Coins Drag Investors Into A Slow Death, Is There Still Hope?

Quick Summary:

With the Bitcoin price drop from the $70,000 level to below $64,000, meme coins have understandably suffered as a direct result of this.

During this time, meme coins, both large and small, have seen their prices drop significantly, raising concerns about whether the meme coin summer is over.

To put this into perspective, when the Bitcoin price rallied around 20% in May, the likes of BONK rose by more than 100% from their crash lows.

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Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets: Hungary

Topics: ETH news SOL news Meme coin Solana news Meme coins Solana price Ethusd SOL price Meme coin news SOLUSDT ETH Meme coins news Solusd ETHUSDT SOL Ethereum news Ethereum price ETH Price Solana Ethereum

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-24 @ 22:00:24 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 520 words

Reading Time: 3 minutes read

Sentences: 36 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 21374687

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About Bitcoinist

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Official Website: bitcoinist.com

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Headquarters: Hungary

News Last Updated: 9 hours ago

Coverage Areas: Hungary

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