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<p><a href="https://coinpedia.org/news/bitcoin-hits-record-high-of-93490-social-media-hype-signals-possible-correction/" target="_blank" rel="noreferrer noopener">Bitcoin (BTC)</a> has surged above $93,000 for the first time in its history, signaling a powerful bull run. While gold prices have dropped over the past two weeks, Bitcoin has climbed over 24% during the same period, reaching around $89,622 in early Thursday trading in Asia on November 14.</p>   
<p>Recent trends show a strong shift in cash flow into the crypto market, with momentum likely to keep building in the months ahead. Bitcoin is now in its much-anticipated price discovery phase, drawing in institutional investors who are steadily accumulating BTC.</p>   
<p>It's all looking bright and bullish! Here's everything you should know. </p>   
<h2 class="wp-block-heading" id="h-meme-coin-mania-kicks-off">Meme Coin Mania Kicks Off</h2>   
<p>Following <a href="https://coinpedia.org/price-analysis/dogecoin-price-analysis-bull-run-targets-0-50-this-november/" target="_blank" rel="noreferrer noopener">Dogecoin’s (DOGE)</a> impressive rally over the past weeks, pushing its market cap to over $55 billion, meme coins have regained popularity. Currently, the meme coin market is valued at over $123 billion, with daily trading volume above $89 billion.</p>   
<p>The recent listing of the frog-themed meme coin Pepe (PEPE) on Robinhood has amplified interest in the meme coin sector. In the last 24 hours, PEPE’s price has spiked by over 75%, trading around $0.000022 at the time of this report. This surge even pushed Pepe to overtake the <a href="https://coinpedia.org/price-prediction/sui-price-prediction/" target="_blank" rel="noreferrer noopener">Sui (SUI) network </a>in market capitalization.</p>   
<p><strong>Solana Joins the Party </strong></p>   
<p><a href="https://coinpedia.org/price-analysis/solana-meme-coins-to-watch-bonk-mew-wif-target-ath/" target="_blank" rel="noreferrer noopener">Solana-based meme tokens</a> are also seeing substantial gains, led by tokens like DogeWifHat (WIF) and Bonk (BONK). According to on-chain analytics platform Santiment, the rally in top meme coins shows growing trader interest and heightened "greed" in the market.</p>   [post_titles_links postid="379545"]   
<h2 class="wp-block-heading" id="h-word-of-caution-for-investors">Word of Caution for Investors </h2>   
<p>Santiment analysts warn of a potential selloff in meme coins, as high social dominance often signals excessive speculation.</p>   
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   https://twitter.com/santimentfeed/status/1856847723510861903?s=46 
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<blockquote class="wp-block-quote">
  
 <p><em>“Historically high speculative asset social dominance typically indicates greed and emotional trading. Be cautious while memes are the main cryptocurrency topic of interest across X, Reddit, Telegram, 4Chan, and BitcoinTalk,”</em></p> 
</blockquote>   
<p>While the crypto market has broadly gained, most Layer-2 (L2) tokens have lagged behind. However, with cash rotation shifting toward the decentralized finance (DeFi) sector, analysts expect the L2 space to gain momentum soon.</p>   
<p><strong>With institutional players doubling down on Bitcoin and the meme coin space exploding in popularity, the future of crypto has never seemed more unpredictable—and exciting.</strong></p>

Meme Coin Market Hits $123B as DOGE, PEPE, WIF, & BONK Explode

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