memecoins could outperform the DeFi market
Memecoins could return as a top performer and even outperform the decentralized finance (DeFi) sector in the fourth quarter as the Federal Reserve's monetary easing cycle begins.
With the success of memecoins, pre-sales of the new Memebet project have soared and this crypto casino has been touted as one of the best cryptocurrencies to buy now.
Memecoins could outperform the decentralized finance (DeFi) market
Toe Bautista, research analyst at cryptocurrency trading and liquidity provider GSR, presented a new perspective on the market. Bautista informed Blockworks that the revitalization of speculative interest could increase the value of memecoins.
“Due to the recent increase in speculative appetite, the strength of memecoins may continue.” said the analyst. He also said that due to regulatory uncertainty in the sector ahead of the US elections, the sector could stand out.
The outcome of the US elections will likely influence whether or not regulatory relaxation is possible. On the other hand, decentralized finance (DeFi) remains in an uncertain context.
In short, it is possible that memecoins will gain a big rally in the short term. However, the segment's outperformance relative to the DeFi market depends on the outcome of the US elections.
Recently on YTD, Popcat topped the charts with nearly 10,000% gain, while Dogwifhat (WIF) and Pepe (PEPE) were also exceptions with triple-digit gains in the same period.
But amid falling interest rates in TradFi, a recent report from Bernstein indicates that the DeFi sector has upside potential.
What Bernstein analysts observed is that the yield on the low-cost finance system could increase above 5%. This would outperform US money market funds and fuel industry-leading companies like Aave, Uniswap, and Aerodrome Finance.
Speculation about memecoins and interest in the DeFi market will increase as a result of the Federal Reserve's monetary easing cycle. This can increase profits in these sectors. But we are still unsure about how the US elections will affect market performance.
Memebet gains great prominence in the world of memecoins with its promising platform
The Memebet Casino pre-sale is already lively with a great offer. The project's ICO is coming to an end and, to celebrate its initial success, the token team announced huge airdrop rewards.
The project developers' fundraising efforts attracted more than $289,000 in capital in just a few weeks of the token's launch.
All of this was driven by investors hoping for the merger of two emerging cryptocurrency subsectors: memecoins and GambleFi, through the $MEMEBET token platform.
These early investors could be one of the lucky ten who will receive $1,000 in $MEMEBET. This is a way to reward investors' participation in fundraising efforts for the project and join the expanding Memebet community.
The $MEMEBET token is essential for memecoins to fully integrate into the Web3 ecosystem. This is due to the fact that it is a token with great utility within the future cryptocurrency casino platform.
While memecoins offer additional benefits at Memebet Casino, the $MEMEBET token is the key to maximizing its ecosystem.
By staking $MEMEBET tokens, players can get airdrop rewards, exclusive bonuses, and upcoming Memebet Casino Lootboxes, which include casino prizes and real-world prizes.
The aim of the ongoing pre-sale is not only to help finance the project, but also to give investors early access to this token that has a high chance of becoming the biggest memecoin casino.
How to participate in the Memebet airdrop?
As mentioned previously, a $10,000 giveaway was recently announced to celebrate the initial success of the pre-sale. To participate, investors must enter the presale, provide the wallet address used in the presale, connect with the project's community through its social channels such as X and Telegram, and provide the casino's wallet address when it is active.
The team will choose ten lucky winners who will receive $1,000 in $MEMEBET tokens. Until the casino launches, the first contributors have the opportunity to be the winners of this promising giveaway.
Disclaimer: This article is for informational purposes only, and does not constitute investment advice or an offer to invest. CriptoFácil is not responsible for any content, products or services mentioned in this article.