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Why Memecoins are Exploding

With a BTC all-time high likely imminent, meme coins are memecoining.

Jack Inabinet
Mar 4, 2024 • 2 min read

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Welcome to Today in Markets where we dig into the hottest trends and assets in crypto, highlighting investable opportunities for our paying Bankless Citizens.

📊 March Memecoin Madness. Bitcoin price held steady at $62k throughout Saturday but resumed its ascension towards all-time highs on Sunday, gaining nearly 10% before topping out at $67.5k and leaving BTC within inches of uncharted price territory…

As the Risk Rally continues across broader crypto markets, signs of heavy retail participation are making themselves abundantly evident, with popular memecoins surging to life and posting triple-digit gains on the week!

The Alpha 🧐

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Written by Jack Inabinet

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Jack Inabinet is a Senior Analyst with a passion for exploring the bleeding edge of crypto and finance. Prior to joining Bankless, Jack worked as an analyst at HAL Real Estate where he conducted market research and financial analysis for commercial real estate development and acquisition activities in the Seattle region. He graduated from the University of Washington’s Michael G. Foster School of Business.