Meme Coin Rise Historical Data Reignites Fears of Crypto Bubble Burst

Meme coins are currently seeing an upward trajectory as the entire crypto market embarks on a bull run. However, Bloomberg highlights that the current level at which meme coins are pacing was similar to that of the crypto bubble that burst two years ago. The market is anyways cautioned for a possible correction. However, a bubble burst would send sock waves just like in 2021.