😹🐶 Meme coins have undoubtedly netted the best returns over the past week for traders with DOGE (+96%), PEPE (+97%), WIF (+67%), & BONK (+67%) leading the way.

Historically high speculative asset social dominance typically indicates greed and emotional trading. Be cautious while memes are the main cryptocurrency topic of interest across X, Reddit, Telegram, 4Chan, and BitcoinTalk.

📈 Bitcoin has jumped back above $70K prior to US election results coming in later today. Several memecoins and AI/Big Data altcoins like DOGE, SHIB, FET, BONK, & POP, are also spiking. The S&P 500 is also up big as well, which is a strong sign of later November growth.

📺 In our latest video, we chat with ThinkingCrypto about the week of pumps. How does Bitcoin's health look now that 'Uptober' looks like a thing again? And what's up with memecoins, Sui, Aptos, and other altcoins?

📉 There was a major increase in memecoin discussions yesterday as coins like Dogecoin and Bonk were surging. Typically, markets correct when focus shifts away from layer 1's and toward more speculative assets due to greed. Today, unsurprisingly, market-wide dips are occurring.

🐶🤕 Meme coins like Dogecoin (+12%) and Bonk (+13%) have been major stories Wednesday, with spikes in prices across the sector. Speculative assets continue churning as Bitcoin profits get redistributed. Altcoins can continue to grow as long as crowd FOMO doesn't get in the way.

📺 Why do the best crypto traders you know have such an uncanny ability to take profit or buy dips at ideal times? Easy. They counter trade against the crowd. Our latest video explains how to profit using social dominance!

📈The hype surrounding #Ethereum's first spot #ETF has been a catalyst for one of #crypto's top 5 days of 2024. $ETH, $UNI, $PEPE, $BONK, & $LDO are all over +20% in 24 hours. #Bitcoin's jump to $71.4K for the 1sttime in 6 weeks is almost an afterthought.

Explore the Santiment data screener here and find which #bullish opportunities are still to come!

📊 As #Bitcoin attempts to rebound following its largest sustained dip in over 5 months, traders have been increasingly focused on the challenges behind holding $BTC in cold storage, via #ETF's, and through various borrowing options.

Also seeing an increasing amount of narratives heading into the weekend, the major #memecoin market cap drops are showing polarized views. Some are still quite euphoric about the freedom and "wild west" concept behind them, while other traders are showing skepticism toward the facade behind them, and potential scams associated with them and the #cryptocurrency markets.

Check out the entirely free Santiment dashboard that is constantly auto-generating the highest topics and frequencies of discussion behind them. Stay in tune with what is driving the markets with this dashboard.

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😺🐶🤣 As #memecoins have made their presence felt during #crypto's historic rise, we introduce a watchlist exclusively for these assets. Among top assets for this category, market caps have risen +150%, and trade volume has risen +1,120%

Explore it here, and use it to formulate new strategies, keep track of specific metrics related to your favorite meme-related projects, and identify social volume divergences.

📈 #Memecoins, particularly those that have been trending over the past week, have skyrocketed in trading volume due to surging prices and increased crowd interest. On average, $SHIB, $PEPE, $FLOKI, and $BONK have seen volume rise +3,000% in the past week.

Consider combining spiking trading volume with spiking social volume as a key volatility and price reversal indicator (whether you are awaiting a top or bottom) for any asset, memecoin or otherwise.

Get a free Sanbase PRO trial to monitor all of these types of metrics in real-time with historic data!