Traders And Investors Are More Tempted By Memecoin, Bitcoin Competes?

Illustration of memecoin (photo: Unsplash)

JAKARTA - Recently, the survey results from AMBCrypto, which involved 557 respondents from various parts of the world, showed that 53.7 percent of traders, investors, and analysts prefer meme coins over Bitcoin.

In the survey, respondents also stated that they allocated part of their portfolio to meme coins inspired by memes and other viral online images.

Where 36.8 percent of respondents have invested in meme coins, 25.5 percent invested in AI-themed tokens, and the DeFi and GameFi sectors drew 25.5 percent and 15.4 percent of respondents, respectively.

Responding to the survey, Crypto Analyst Reku, Fahmi Almuttaqin said the popularity of meme coins is indisputable. Because according to him, memcoin is one of the sectors in crypto assets that is growing significantly.

"Not only from the volatility that can be used to optimize yields, but also their presence based on the latest trends," Fahmi said in a statement on Tuesday, June 4.

In terms of market performance, Fahmi also sees that memecoin shows a fairly competitive performance compared to other crypto assets. Where year-to-date (YTD), memecoins like while Bonk (BONK) recorded an increase of 123 percent.

Another thing that should be considered is PEPE, which recorded a 945% increase even though Ethereum (ETH's performance was a bit slow, continued Fahmi.

In addition, at the time the survey was published, there was an increase in the number of PEPE memecoin owners, which was previously less than 160,000 in February, to 238,000 on May 31.