{"id":135742,"date":"2024-08-18T11:00:47","date_gmt":"2024-08-18T08:00:47","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=135742"},"modified":"2024-08-18T09:27:42","modified_gmt":"2024-08-18T06:27:42","slug":"heres-whats-driving-the-decline-in-memecoins-prices","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/heres-whats-driving-the-decline-in-memecoins-prices\/","title":{"rendered":"Here\u2019s What\u2019s Driving the Decline in Memecoins&#8217; Prices"},"content":{"rendered":"<p>He <strong><a href=\"https:\/\/x.com\/NateGeraci\/status\/1824249658538926227\" target=\"_blank\" rel=\"nofollow\">suggests<\/a><\/strong> that the influx of Wall Street capital is making it harder for speculative and celebrity-driven tokens to succeed.<\/p>\n<p>Recent data shows a sharp decline in the value of memecoins, with their market cap dropping 28% over the past month. Geraci views this as a positive development for the broader crypto market, arguing that institutional money is now focusing on more substantial assets rather than memecoins, which he criticizes as lacking value.<\/p>\n<p>According to Geraci, the rise in institutional investment, particularly in spot crypto ETFs, has redirected attention away from memecoins. However, some critics dispute this view, noting that Bitcoin dominance has increased without a direct correlation to the memecoin decline.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/solana-etf-filings-vanish-sparking-withdrawal-rumors\/\" title=\"Solana ETF Filings Vanish, Sparking Withdrawal Rumors\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/Question-Mark-HD-Wallpaper14-homepage-e1683713673259-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Solana ETF Filings Vanish, Sparking Withdrawal Rumors<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Meanwhile, crypto analyst Newsy Johnson challenges the notion that memecoins are finished. Johnson argues that claims of memecoins\u2019 demise might be a strategy to promote other cryptocurrencies.<\/p>\n<p>Despite this, recent reports indicate that a large percentage of memecoins have failed in 2024, with around 2,000 tokens disappearing each month. This high turnover rate is partly due to the rapid creation of new tokens on various blockchain networks.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nate Geraci, founder of the ETF Institute, believes the recent downturn in memecoins is due to increased institutional investment in the cryptocurrency market.<\/p>\n","protected":false},"author":3,"featured_media":101297,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[],"class_list":["post-135742","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Here\u2019s What\u2019s Driving the Decline in Memecoins&#039; Prices<\/title>\n<meta name=\"description\" content=\"Nate Geraci, founder of the ETF Institute, believes the recent downturn in memecoins is due to increased institutional investment in the ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptodnes.bg\/en\/heres-whats-driving-the-decline-in-memecoins-prices\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Here\u2019s What\u2019s Driving the Decline in Memecoins&#039; 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