The recent crash of Bitcoin below $57,000 has plunged the entire crypto market into the red zone. Meme coins, in particular, have suffered extensively due to their inherently volatile nature.
Meme coins often lack any underlying utility, which makes them highly susceptible to changes in market sentiment and pure speculation. Their values can fluctuate drastically, both upwards and downwards.
With their propensity for rapid price changes, these meme coins remain a risky but potentially rewarding investment within the crypto market, even under the $70 million cap.
