Four memcoins surpassed bitcoin in terms of growth dynamics for the first half of the year

So which memcoins are we talking about? Dogwifhat (WIF), Pepe (PEPE), Floki (FLOKI) and Shiba Inu (SHIB) grew in value by 1,300%, 800%, 418% and 67% respectively. But DOGE showed a rather modest result, adding only 35%.

Forbes analysts believe that the above mentioned memtokens, as well as other similar assets, have no practical value at all. At the same time, they recognize that the memcoin sector continues to grow and attracts more and more large participants (cryptokits).

Against this backdrop, the BitMEX exchange has even launched its own index to track the rates of the largest memcoins, while the Avalanche Foundation anticipates a surge of interest in memcoins as early as late 2023 and has committed to supporting such diverse and culturally relevant initiatives.

How long will the bullish trend in the memcoin industry continue? There is no consensus among analysts on this issue. So far, the sector has been remarkably stable, unlike bitcoin, which periodically shows high volatility.