Bitcoin
Bitcoin (BTC)
$62,693.00 4.42584
Bitcoin price
Ethereum
Ethereum (ETH)
$3,342.86 4.41549
Ethereum price
BNB
BNB (BNB)
$561.52 4.55259
BNB price
Solana
Solana (SOL)
$152.42 4.77309
Solana price
XRP
XRP (XRP)
$0.5324180 -0.08191
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000180 3.43847
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000095 5.48822
Pepe price
Bonk
Bonk (BONK)
$0.0000242 2.7867
Bonk price
Bitcoin
Bitcoin (BTC)
$62,693.00 4.42584
Bitcoin price
Ethereum
Ethereum (ETH)
$3,342.86 4.41549
Ethereum price
BNB
BNB (BNB)
$561.52 4.55259
BNB price
Solana
Solana (SOL)
$152.42 4.77309
Solana price
XRP
XRP (XRP)
$0.5324180 -0.08191
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000180 3.43847
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000095 5.48822
Pepe price
Bonk
Bonk (BONK)
$0.0000242 2.7867
Bonk price
Bitcoin
Bitcoin (BTC)
$62,693.00 4.42584
Bitcoin price
Ethereum
Ethereum (ETH)
$3,342.86 4.41549
Ethereum price
BNB
BNB (BNB)
$561.52 4.55259
BNB price
Solana
Solana (SOL)
$152.42 4.77309
Solana price
XRP
XRP (XRP)
$0.5324180 -0.08191
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000180 3.43847
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000095 5.48822
Pepe price
Bonk
Bonk (BONK)
$0.0000242 2.7867
Bonk price
Bitcoin
Bitcoin (BTC)
$62,693.00 4.42584
Bitcoin price
Ethereum
Ethereum (ETH)
$3,342.86 4.41549
Ethereum price
BNB
BNB (BNB)
$561.52 4.55259
BNB price
Solana
Solana (SOL)
$152.42 4.77309
Solana price
XRP
XRP (XRP)
$0.5324180 -0.08191
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000180 3.43847
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000095 5.48822
Pepe price
Bonk
Bonk (BONK)
$0.0000242 2.7867
Bonk price

Traders backing meme coins over Bitcoin in February

Press Releases
Traders backing meme coins over Bitcoin in February

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

The meme coin market has evolved to be a vibrant asset class, a home for volatility-seeking traders. Meanwhile, Bitcoin (BTC) remains flat.

Bitcoin flat as meme coins trend

A crypto analyst expects Bitcoin’s volatility to fall in February and March. However, he expects more action in H2 2024.

For this reason, the analyst is presently focusing on meme coins. 

Currently, Bitcoin is has resistance at the $43K region, ranging between $38K and $48K.

The coin is also relatively stable in the past week and month.

Traders backing meme coins over Bitcoin in February - 1

Analyst Michael van de Poppe expects BTC to consolidate in February until after halving.

Afterward, the coin may break towards $50k.

Considering this state of affairs, the analyst is bullish on altcoins.

So far, major altcoins like Chainlink, Flare, and Pendle are in green, edging higher.

Meanwhile, some meme coins are rallying. For instance, Pepe Fork rose by over 600% on Feb. 5.

Similarly, Honk, a meme coin on Solana, is up 55%.

Meme coins in focus

Based on an analysis of expert opinions, price, community, hype, and use cases, Sponge, Meme Kombat, and Myro are likely to rally in the months ahead.

Sponge

Initially launched in May 2023, Sponge pays homage to the beloved SpongeBob SquarePants character.

The token immediately gained traction, commanding over $100 million in market cap.

It was also listed in over ten exchange listings. At the same time, it had over 13K holders and more than 30K social media followers. 

Traders backing meme coins over Bitcoin in February - 2

However, Sponge prices later retraced. Recently, the announcement of Sponge V2 drew investor attention.

Sponge V2 offers a play-to-earn (P2E) racing game powered.

Meanwhile, the V1 token bridged to V2 will soon go live on exchanges.

However, investors can still buy Sponge V2 from the Sponge.vip website.

Meme Kombat

Meme Kombat is a GambleFi P2E project that harnesses the virality of meme coins to reach a broad audience. 

The project has a gamified battle arena where users can gamble on AI-generated fights between meme coin characters.

Traders backing meme coins over Bitcoin in February - 3

There are different game modes, including multiplayer, single-player, and side-betting.

Users will gamble using MK, a utility that will reduce volatility concerns.

Meme Kombat also offers staking. It currently offers a 113% APY. However, this will decrease as more tokens are staked.

The MK presale is still in progress.

Myro

Myro soared to command a $220 million market cap in January.

While it looked on its way to a $1 billion+ valuation, it took an unfortunate turn in the opposite direction, falling 74% to its current $60 million market cap.

Traders backing meme coins over Bitcoin in February - 4

However, given the project’s unique use case, some analysts consider this a monumental buying opportunity. Built on Solana, Myro offers an automated trading bot and recently began working on a decentralized social media application.

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.