Shiba Inu, Dogecoin, Floki Inu boom reveals this about crypto investors’ psyche
Of late the crypto market experienced a much-needed boom, with Bitcoin reaching an ATH and BTC ETF getting approval. As the king coin had a smooth ride uphill, the global crypto market cap sat at a staggering $2.57 trillion at the time of writing.
However, the highlight of the last few months wasn’t any of the aforementioned achievements, but the massive surge in the market capitalization of meme coins which seemed to be steering the larger market’s narrative.
Shiba Inu was up by almost 150% over the last week as it surpassed Dogecoin in market cap taking the 9th spot in the list. In fact, coins that weren’t heard of a few months ago like Floki Inu (FLOKI) are up 298%, while Dogelon Mars gained nearly 4000% in the month of October.
The funny
Read more on ambcrypto.com
