The memecoin mania isn’t slowing down anytime soon for an apparent reason — its potential for swift gains. Some believe it’s the quickest way to achieve generational wealth.noted80% of memecoin rallies happen during Asian hours“I think the timing is quite interesting and coincides with some political developments in Korea. And Korea is very well known for memecoin trading.”
“As an example, you know, Shiba traded for seven consecutive days as the number one token on Upbit. Upbit is a Korea-focused exchange with an 80% market share in the country. Over these seven days, Shiba traded more than $10B – $11B.”“I think when you look at a breakdown of the flows or the performance of all these various tokens from BTC to memecoins, you’re seeing that a lot of the memecoins, around 80% of the performance occurs during Asia hours. Asian hours is driven by Korean traders.
Put differently, memecoin traders have a better chance of catching the most upside during the Asian trading sessions. If the 10X Research’s memecoin findings are valid, meme traders can maximize their performance by timing the Asian trading hours.Benjamin is a Telecommunication Engineering graduate who is passionate about crypto-markets and unraveling market trends. Armed with charts and patterns, he's interested in making the intricate, complex landscape of digital assets more palatable for every user.Subscribe to get it daily in your inbox.
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CryptoAmb - 🏆 22. / 68 Read more »
Source: CryptoAmb - 🏆 22. / 68 Read more »
Source: CryptoAmb - 🏆 22. / 68 Read more »