The meme coin market is slowly bottoming, with top meme coins showing the best returns for traders.
What Happened: According to on-chain analytics from Into The Block, the meme coin market cap has returned to Q3 2024 levels, which were the lowest since early 2024 levels.
Key on-chain indicators to watch for a market shift include the number of traders: a rise in short-term traders signals new retail engagement.
Most meme coins are still in a downtrend, but a reversal could indicate a turning point.
Dogecoin (CRYPTO: …
Full story available on Benzinga.com