Perpetual Futures (Perps) Trading vs Memecoin Trading: Key Insights for Crypto Traders in 2024 | Flash News Detail
The cryptocurrency market continues to evolve with memecoins carving out a significant yet challenging niche for traders, often seen as the ‘minor leagues’ of trading compared to the more scalable perpetual futures (perps). As of October 2023, memecoin trading has intensified in competitiveness, with platforms like CoinGecko reporting a 24-hour trading volume for top memecoins like Dogecoin (DOGE) and Shiba Inu (SHIB) reaching $1.2 billion combined as of October 25, 2023, at 10:00 AM UTC (Source: CoinGecko). Specifically, DOGE saw a price movement from $0.066 to $0.069 within a 12-hour window on October 24, 2023, between 8:00 PM and 8:00 AM UTC, reflecting a 4.5% increase (Source: CoinMarketCap). Meanwhile,…
