What are the preferred memecoins in Latam and Asia? 🤔>>🐸🦊🐱🐺<<
Memecoins have captured the interest of many investors around the world and, above all, in inflationary markets such as those in Latin America. This has allowed the cryptocurrencies that began as memes to be positioned today with large market capitalizations and great acceptance by users. This was stated by Hongyi Tang, regional manager in Latam at TruBit, in statements to which Cointelegraph en Español had access.
"DOGE is the undisputed king in the Latin American market, followed by Pepe, Shiba Inu, Meme and Bonk."
Memecoins, born as a parody in the digital world, have surprised the crypto market with their value and fidelity.
Dogecoin
$DOGE and Shiba Inu
$SHIB have managed to make a name for themselves as the top dog-themed memecoins, amassing a market cap of $22 billion and $15.2 billion respectively by the end of May 2024, according to CoinMarketCap.
The TruBit executive added: “Pepe, with his iconic frog image, resonates strongly in local pop culture, while Shiba Inu maintains a solid third place in Latin America thanks to its active community and its promise of high performance.”
Preferences for memecoins have gained such strength in recent weeks that Dogecoin and Shiba Inu managed to enter the top 10, while Cardano fell to 11th place, evidencing a shift in market trends towards speculative assets.
A look at preferences in Asia
Shiba Inu, Dogecoin and Bonk are the most popular memecoins in Asia. The strong presence in online communities and its affordable price have driven the popularity of Shiba Inu, while Bonk's proposal and active marketing on social networks have positioned it as the fourth most traded memecoin in the region.
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