Memcoins are losing their dominance among other #Altcoins👀🚀 !
Ki Young Ju, CEO of CryptoQuant, has noted a significant shift in the market: meme coins are losing their dominance. The data reveals a decline in their market influence, hinting at a maturing crypto landscape. 📉
🕵️♂️ Ju's analysis suggests that investors are moving away from the high-risk allure of meme coins towards projects with stronger fundamentals.
"The era of meme coin speculation is winding down"
- Ju states, emphasizing the return of fundamental analysis as the key driver for investment decisions. 🧐
While #Memecoins🤑🤑 may be on a downturn, Ju remains optimistic about more fundamentally sound assets, especially #Bitcoin❗ . He clarifies, "I'm bearish on memecoins, not $BTC . Long-term bullish on Bitcoin." 🚫🐶➡️🟢💸
The expert believes that the crypto market is maturing, favoring stability and strong foundations over speculations.
However, true degens don't agree, as recent data shows that 92% of Solana's DEX volumes are attributed to meme coins 🤪
