Crypto Market Plunges: Memecoins and NFTs Suffer Historic Correction

The cryptocurrency market is experiencing a period of significant volatility marked by a sharp decline in speculative assets. Memecoins, notorious for their volatile nature, have suffered a major correction, with their capitalization plummeting to a level unseen this year. Similarly, the NFT market has also experienced a steep decline, reaching its lowest point since April. This downturn coincides with investors retreating from high-risk assets as they seek stability in uncertain economic conditions.