The post Signs That Meme Coin Renaissance Is Coming Back appeared on BitcoinEthereumNews.com.

In recent developments, the meme coin market has made a strategic comeback after massive price corrections. In the past months, the digital asset market has seen increased trading activity and higher transaction volumes for popular tokens like Dogecoin (DOGE), Shiba Inu (SHIB), and PEPE. Market data from popular digital asset tracking platform IntoTheBlock suggests that investor confidence is gradually building. The platform hinted that several indicators point to significant memecoin rebounds. Dogecoin, Shiba Inu, and PEPE Outlook Meme coins saw significant price movements in late 2024 and early 2025. Notably, their market capitalization peaked above $110 billion before experiencing a decline. According to market data, the total global memecoin market capitalization has dropped to approximately $50 billion as of March 2025. However, many experts believe this is a sign of stability and a potential breakout rally after a volatile season. Furthermore, Elon Musk-backed Dogecoin, the largest memecoin by market cap, continues to lead trading volumes. However, IntoTheBlock data shows that its transaction count has fluctuated. Similarly, SHIB and PEPE have also seen notable activity, with PEPE showing one of the most significant surges in transactions around October 2024. Despite recent pullbacks, these tokens maintain a solid user base. Notably, their market performance suggests a possible recovery phase. Many community members and investors are betting big on this particular token. For example, there are talks on memecoin ETFs that could drive more price recovery for this niche ecosystem. Meme Coin Traders, Transaction Count, and Holder Profitability Outlook One key sign of a potential memecoin recovery is the number of active traders. Data from IntoTheBlock shows that the highest trader activity happened in October 2024. Reports show that memecoin traders peaked at nearly one million. This growth, as highlighted, was primarily driven by increased interest in new tokens and market speculation. Image…

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Filed under: News - @ March 22, 2025 1:25 am