The enthusiasm for meme-coins has cooled after a series of unsuccessful launches and Rug Pull, who “killed” the interest of investors, but the bullry is not over, so the segment is able to restore positions. This is stated in the Coingecko report.
Experts recalled the influence of Trump and scandals around Libra as factors that predetermined the dynamics of meme-coin.
If the “presidential” token and his analogue from the first lady of the United States took liquidity and attention from the rest of the cryptocurrencies, then the asset from the leader of Argentina Havier Milea became the “last nail in the coffin cover”, which destroyed the illusions of their “honest launches”.
After PUMP & Dump Libra, the number of new “funny coins” at the Pump.Fun MEM-TOCEN-TOCEN-TOCENS Factory by more than 90%. From January to February, the volume of trading on the platform fell by 72%.
The total capitalization of the sector decreased from $ 124 billion on December 5 to $ 54 billion.
According to experts, Mem-Coins “have always been seasonal.” Some like Doge, Shib and Bonk survived several market cycles and can act as a guide for creators who want to form an asset for the long -term perspective.
Coingecko quoted the famous specialist of the segment of Murad Makhmudov, who explained the success of a number of “funny coins” arising around them with cult communities, extremely passionate about their business. The founders of such projects at the forefront put the creation of organic content.
Analysts came to the conclusion that in the long run 99.99% of the representatives of the segment will fail.
Earlier, Messari drew attention to a decrease in trading volume of meme-coin on DEX to an annual minimum.
Bernstein predicted liquidity from the sector in Defi and NFT. Experts are confident that the decline in hype around the “funny coins” will positively affect the stablcoins and RWA.
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Source: Cryptocurrency
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