Franklin Templeton Digital Assets Team points out that despite lacking value, memecoins have a strong correlation between price surges and growth of wallets on underlying blockchains. Such tokens provide opportunities to make quick profits to the investors and get viral. The report found that active addresses on various blockchain networks grew in relation to meme coin trading activity. In the last year as well, multiple memecoins had surged, most notably Solana based BONK. Prominent meme tokens of the Ethereum and Solana ecosystems have been rallying since late February amidst a bitcoin rally.

Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0

PRC Comment Policy

Your comments MUST BE constructive with vivid and clear suggestion relating to the post.

Your comments MUST NOT be less than 5 words.

Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.

Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.

Constructive REPLY to comments is allowed