Memecoins Drive Crypto Market Growth as Major Tokens Struggle

While Bitcoin remains stable, memecoins are surging, contrasting with the decline of ether and stagnation of larger cryptocurrencies.

On Tuesday, Bitcoin exhibited minimal fluctuations, maintaining its position in the market. In contrast, ether experienced a decline during the same period.

Interestingly, the CoinDesk Memecoin Index saw significant gains, indicating a shift in investor interest towards these playful cryptocurrencies.