Bitcoin's price has entered a new negative cycle within a channel, causing meme coins like POPCAT, FLOKI, and PEPE to pause. Despite this, the broader market is expecting a bull run, with hopes of an altcoin season further boosting the meme coin frenzy.
The ever-increasing number of meme-centric tokens is approaching saturation. As a result, investors may face decision paralysis when choosing which meme coins to buy.
