Market mentality changes!
This is super bullish!
Over the past two weeks, I have been watching the top gainers in the top 100 coins and have noticed an interesting shift.
Remember the top gainers since the halving?
It was almost always memecoins.
When the market rebounds after a correction, PEPE, BONK, WIF, etc. always outperform everything else.
But over the past two weeks, that seems to have changed. We are seeing fundamentally strong projects, most of which are utility tokens, at the top of the gainers list.
This is super strong!
Why?
Because it means that money is flowing into projects because of fundamentals, not pure pump and dump (copycat), which shows that investors are acting thoughtfully.
This shift in mentality ultimately causes the market to shift from a trader's market to an investor's market.
In the investor's market, this is where the price surge and bull run begins.
Obviously, this will take time to unfold, as investors are only just beginning to re-accumulate their favorite utility projects.
But it is an early sign that the downtrend may be over.
