Meme Coin Dominance, 11 of The Top 15 Projects are Meme Coin

Bittime - This year, the crypto market is showing some interesting dynamics. Although Bitcoin price remains the main barometer in the crypto market, there are several projects that are able to outperform Bitcoin.

According to data obtained from analyst crypto with the username @arndxt_xo, 42 projects managed to beat Bitcoin this year, and 11 of them were meme coins. Read this article to find out more!

Meme Coin Dominance This Year

Source: x.com/arndxt_xo

Some coin memes like POPCAT and MY showed very impressive performance, recording growth of 7552%, 2206% and 1773% respectively. 

POPCAT, which was previously only seen as a simple meme coin, now has a Fully Diluted Valuation (FDV) as big as 601 million. 

This not only solidifies POPCAT's position as one of the leading projects, but also shows that meme coins have significant appeal.

Read Also: Bitcoin Prices Strengthen in September, Optimistic in October?

Sluggish Crypto Market Condition

Analyst crypto, Arndxt stated that the market is currently at its lowest ebb, and showing signs of exhaustion and weak sentiment. 

According to him, only 42 projects managed to outperform Bitcoin so far this year, which shows that the crypto market in general is facing major challenges. 

However, Arndxt is also optimistic that the market will turn around soon. He predicts that by the end of September, the crypto market will start to gather momentum, with October being a crucial month for the industry. 

Airdrop and New Projects

Even though the market is at its lowest point, there are some positive signs. Many promising new projects are about to launch and have the potential to bring big changes. 

There are also a number of airdrops that have been announced, including those related to meme coins.

Apart from that, several projects launchpad and infrastructure like BNX and ABT also showed strong performance, with growth of 2767% and 699% respectively. 

This shows that even though meme coins dominate, there are projects other than meme coins that also have great potential to develop.

Read Also: Bitcoin's Positive Trend will Continue Amid US Elections

How to Buy Crypto with Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime. over is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Monitor graphic movement price Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.