Traders Shift Focus to Meme Coins as BTC Aims for $70K
According to Santiment analysis, meme coins like Dogecoin $0.144766 and Shiba Inu have reached their highest social discussion rates in five months, attracting significant attention from traders.
As Bitcoinâs price trends toward $70,000, speculative traders are increasingly focused on highly leveraged meme coins. However, layer-2 coins such as Arbitrum and Optimism are largely being overlooked.
Despite this, historical trends indicate that cryptocurrency assets often move contrary to broader market sentiment. Consequently, the leading meme coins may sustain their current recoveries, but the risk of a downward reversal persists.
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