GM! Let's analyze a few sectors and their market characteristics:
In May, the best-performing sector in the cryptocurrency market has been the meme coin sector, with $PEPE and $PEOPLE tokens leading the pack.
There were previous hints about their potential, so it's important to pay attention. Currently, they are all profitable. Various meme tokens have seen significant growth, starting from when they were mentioned in VIP groups to now, with at least a threefold increase and Pepe even reaching a four to fivefold increase, breaking new highs this round.
Pepe saw a 200% increase this month, while People surged by 360%.
Next, I believe the #RWA sector is noteworthy. Ondo, a leading stock, doubled. ENS in the Ethereum ecosystem also saw a twofold increase.
In the #Solana ecosystem, JTO surged by up to 80%, but then Ethereum drained liquidity, causing it to fall back.
LPT in the #AI sector doubled. However, some old favorites disappoint, like WLD, which has been on a downward trend due to unlocking, and YGG, which has been stagnant until today, breaking above the box. The star tokens, Doge and Shib, also disappointingly remain stagnant.
After observation and analysis, we can see that meme coin speculation follows these patterns:
1️⃣ It focuses on new projects rather than old ones.
2️⃣ It targets coins with low circulation and low market cap, as coins with high market cap and low circulation have too many chips held by project parties and investors, making it unattractive for newcomers.
3️⃣ The market liquidity is still limited, with ETFs only buying Bitcoin. Meme coins still rely on existing funds. This means not all coins will see a surge, only a select few. This structured market trend will continue until the interest rate drops, which is crucial to note.