Coinspeaker
Floki and Pepe Leads in Bullish Breakout Ahead of Anticipated Meme Coin Season

The meme coin industry has grown to a major sector, with more than $56 billion in market cap and around $7.6 billion in daily average trading volume. Almost all layer-one (L1) and layer-two (L2) chains are using flashy meme coins to attract more on-chain activities.

Moreover, the initial rise of Shiba Inu (SHIB), and Dogecoin (DOGE) has inspired a new generation of meme coins including frog-themed, and cat-themed, among many others. The meme coin industry is expected to continue playing a crucial role in the ongoing crypto bull run.

Nonetheless, investors should be extra vigilant while dealing with new and flashy meme coins to avoid holding coins without liquidity and have high potential risks of rug pulls.

Top Meme Coin to Lead Bullish Recovery

Bitcoin dominance has been eating into the altcoin market cap for the past year fueled by the heightened demand from institutional investors. However, most analysts believe an altseason will kickstart soon as BTC holders continue to distribute their profits to different altcoins.

Meanwhile, traders should k...