Last year saw the rise to mainstream of crypto, SPACs, to name a few. This year began with so-called "meme stonks" have a hot moment in January, with retail traders pushing shares of Gamestop as high as $483 on January 28. Amazingly, GME has remained in the $200-300 range since May 25. But I digress. Once again, this month of June is seeing these meme stocks -- largely driven by armies of retail traders -- having another day in the sun. There's even a website dedicated to tracking WallStreetBet's most mentioned tickers.
Despite entering the technical "death cross," Bitcoin is remaining (for now) above a 30k support line.
However, the crypto market overall seems to have entered into bearish territory. Alt-coins are all seeing a major correction.
In the past 24 hours (at the time of this writing):
- Cardano down 13.14%
- Algorand down 12.51%
- AMP Token down 19.49%
- Cosmos down 14.95%
- Ethereum down 11.21%
- Ripple down 19.89%
- Binance down 16.62%
- UniSwap down 21.24%
- ChainLink down 17.79%
- Dogecoin down 28.35%
- Stellar Lumens down 17.01%
It's a pretty grim picture for traders. Personally, I don't really trade much in the crypto space. I just buy and hold for the long haul. Nonetheless, it can be pretty unpleasant to look at for anyone who's down. So I've procured some of my favorite memes from across the web to share, in hopes that you may get a laugh or two & distract from said unpleasantness. I've included both bearish and bullish memes, so don't have a cow. Here we go:
Thanks to whoever created each meme (I didn't make any of these).
Finally, I'll leave you with one last image. A newspaper article from December 2000. Just a little food for thought.
