“The hype of meme cash is normally thrilling, however typically adopted by a market crash, much like what we noticed with DOGE and SHIB two years in the past,” mentioned Youwei Yang, chief economist at publicly traded bitcoin mining firm, BTCM. “The market correction for memecoins this week is essentially as a result of relax of the FOMO (concern of lacking out) sentiment with these new memecoins.”
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