Utility Over Hype? Last Week’s Market Moves Say So.
A few days ago, I shared my thoughts on why utility coins are poised to outperform meme coins in the coming months (Read the complete article).
I backed it up with some solid arguments, and while one week doesn’t prove anything, recent market action might just be the kick-off.
Last week, many meme coins took a hard hit, dropping by double digits.
Meanwhile, the top gainers were all utility tokens:
1️⃣ THORChain $RUNE
2️⃣ KaiaChain $KLAY
3️⃣ Helium $HNT
4️⃣ Aave $AAVE
5️⃣ 0xSonicLabs $FTM
Of course, a single week doesn’t seal the deal, but it’s an interesting start.