Krutika Adani
Crypto market signals have been indicating that the Tron memecoin rally might pause soon, at least temporarily. Top memecoins on the platform, like Dogs, have crashed by over 70% over the past couple of weeks.
Most newly launched memecoins have little to no uniqueness, resulting in a high failure rate. Further, only a handful of them have some real value or utility.
The memecoin hype may be over for now due to sluggish markets, but there are no indications that it may have come to a permanent halt.
Tron memecoins have a bright future due to the presence of high on-chain liquidity on the blockchain.
Tron traded at $0.15 at press time. The breakdown in memecoins seems to have no immediate effect on Tron.