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Why are Memecoins Trending Over Bitcoin?

  • Searches for the word 'Bitcoin' hit a 1-year low, while memecoins gained popularity according to Google's data.
  • Memecoins have become a lucrative part of the cryptocurrency market, offering potential for high short-term returns.
  • Solana ecosystem is driving the popularity of memecoins, with over 400,000 new tokens created on the platform in the last month.
  • Investing in memecoins is seen as risky and speculative, lacking underlying utility like Bitcoin and other major cryptocurrencies.

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