Ethereum Season Dey Shrink Memecoin Market Share
Memecoin market share don drop reach im lowest for 18 months, e fall reach 3.9% for altcoin market as Ethereum dey grab more liquidity. CryptoQuant data show say memecoins now be only 0.039 of total altcoin value, level wey last time dem see na February 2024. Analysts talk say na the current Ethereum season dey push dis change as ETH don rise 215.9% since April, memecoins na only 79.5% gain. For the Ethereum season wey happen August, Ethereum climb 25.4%, but big memecoins like Dogecoin (DOGE), Shiba Inu (SHIB) and Pepe (PEPE) get small increase. Experts expect say memecoin season go show again as crypto market dey waka through four stages: Bitcoin dominance, Ethereum season, big-cap altcoins rally, and last last memecoin booms. Traders suppose dey watch how liquidity dey flow and how market cycle dey change to find correct time to enter when memecoin momentum don dey again.
Bullish
Dis report dey shine light for how Ethereum dey perform well well and how e dey attract plenty liquidity, wey mark di second phase of di crypto market cycle—‘Ethereum season.’ For history, di kain ETH-led rallies wey happen for 2020–21 draw retail and institutional funds comot from small-cap tokens and memecoins, boost ETH prices and open way for bigger altcoin rallies later. For short term, traders fit dey prefer ETH pass memecoins as liquidity come dey concentrated, wey go push ETH price momentum. For long term, di cyclical shift mean say memecoins fit regain strength once ETH reach new highs and retail interest broad. To sabi dis pattern fit help traders position for both di ongoing Ethereum surge and di eventual memecoin comeback.