While meme coins continue to be the interest of people as they have performed worse than other cryptos. It makes a riskier proposition for the investors of crypto. The crypto market has exponentially evolved since Bitcoin initially came into existence in the year 2009, with investors and traders having access to more than 20,000 unique tokens to choose from. With the increased interest in blue-chip tokens, meme coins have sparked huge interest among investors in the current year and continue to be of interest even now, despite their volatility.
However, to reach a peak with a combined market capitalization of $3 trillion in November 2021, cryptocurrency markets have existed in a prolonged bear phase. Comprising BTC, altcoins, stablecoins, Ethereum (ETH), and meme coins, big investors find it interesting to know how this crypto space has behaved relative to the market.