Is the 25% drop in PEPE, SHIB and APE a sign of a deepening crypto bear market?

Their speculative nature leads to quick price modifications and volatility.Furthermore, the meme coin market has ended up being saturated with copycats, drawing focus and resources to more traditional cryptocurrencies.Capital rotates as investors shift their attention to new trendsFor traders, the mid-August crypto market crash was a plain suggestion of meme coin volatility. Many of these coins emerged in the last 6 months, like PEPE, HarryPotterObamaSonic10Inu (BITCOIN), and Milady Meme Coin (LADYS). Source: TradingViewDespite the bullish proof, external factors affect meme coin rate actionFollowing the mid-June and late March period where meme coins underperformed, the general cryptocurrency market capitalization either remained steady or experienced noteworthy gains in the subsequent weeks.

The recent crypto crash struck meme coins hard, culminating with a 9% drop in overall market capitalization from Aug. 14 to Aug. 21. Their speculative nature leads to rapid rate modifications and volatility.Furthermore, the meme coin market has actually ended up being saturated with copycats, drawing focus and resources to more conventional cryptocurrencies.Capital rotates as financiers move their attention to new trendsFor traders, the mid-August crypto market crash was a stark pointer of meme coin volatility. Many of these coins emerged in the last six months, like PEPE, HarryPotterObamaSonic10Inu (BITCOIN), and Milady Meme Coin (LADYS). Regardless of this, its uncertain if extreme cost drops are a backward-looking phenomenon or signal a market reversion.Contrary to expectations, meme coins can likewise lag during bull markets. Source: TradingViewDespite the bullish evidence, external elements affect meme coin price actionFollowing the mid-June and late March duration where meme coins underperformed, the general cryptocurrency market capitalization either remained steady or skilled noteworthy gains in the subsequent weeks.