Recently, the overall cryptocurrency market has shown a warming trend; however, the memecoin zone has not been able to rise in sync and has instead experienced a counter-trend fall. Shiba Inu (SHIB) has fallen by 4.4% in the past day, while BONK has even seen a drop of 12.2%, raising concerns in the market about the future development of memecoins.

However, from a technical analysis perspective, BONK may be accumulating energy and is expected to achieve a strong rebound in the future. If this expectation comes true, it could trigger a new wave of memecoin frenzy.

At the same time, an emerging memecoin called Remittix (RTX) is quietly rising, sparking widespread discussion in the community. Optimists predict that RTX could achieve a 50-fold rise in the third quarter, reminiscent of the scenes when Dogecoin and Shiba Inu rose in the past.

Currently, the memecoin market is at a critical turning point. Will the veteran memecoin SHIB be able to make a comeback, will the newcomer RTX rise unexpectedly, or will BONK achieve a turnaround? This uncertain market situation is worth ongoing attention from investors.

It is worth noting that despite the 17000% surge in the token burn of Shiba Inu, its price has not risen as expected, but instead continues to fall. This phenomenon raises questions in the market about the effectiveness of token burning and serves as a warning for investors.

In this rapidly changing Crypto Assets market, investors need to remain rational, closely monitor market trends, and also be aware of potential risks. While memecoins may offer high returns, their volatility is often significant, requiring cautious handling.