🚀📉 Meme coin sector takes a hit! Market cap shrinks by 5% in the past 24 hours. But hey, don't lose hope just yet, BTC enthusiasts! 🚀📉

The crypto market has been on a rollercoaster ride, with Bitcoin (BTC) briefly dipping to $60,000 and Ethereum (ETH) dropping below the $3K mark. The meme coin sector is feeling the heat too, with its market cap currently around $47 billion. Dogecoin (DOGE) and Shiba Inu (SHIB), the leading meme coins, are down 27% and 22% on a weekly scale, respectively. Other meme coins like Dogwifhat (WIF), Pepe (PEPE), Floki Inu (FLOKI), Bonk Inu (BONK) have also seen double-digit drops. 😱😱

But it's not all doom and gloom! Solana-based meme coins – Slerf (SLERF) and Cat in a Dogs World (MEW) have managed to weather the storm. In fact, MEW saw a 100% daily price spike earlier this week, with its market cap briefly exceeding the $500 million mark. 🎉🎉

Now, here's the silver lining! The upcoming Bitcoin halving could trigger a rally, offering a potential rebound for meme coins due to their volatility and tendency to follow BTC’s price trends. The halving event, which will see miners receiving twice less BTC for validating blocks, is scheduled for tomorrow (April 19). 🚀🚀

Historically, the halving has been followed by a massive bull run for BTC and the entire market. So, fingers crossed for a similar scenario this time around, which could result in a rally for numerous altcoins and meme coins. Stay tuned, folks! 🤞🤞