We are clearly in a memecoin super-cycle, based on the top gainers and trending coins over the past 30 days.
Meanwhile, utility altcoins are in a downtrend due to too many new launches without enough fresh liquidity in the market. Since early April, the crypto market has seen over 1 million new tokens launched. Ethereum and Solana lead this surge, with Ethereum hosting over 370,000 new tokens and Solana adding 640,000, primarily memecoins, according to Dune Analytics.
In this environment, I advise sticking with your utility altcoins and avoiding the lure of quick gains. Memecoins are highly risky, and the chances of finding that 100x memecoin are slim. Most people end up losing money on memecoins rather than profiting. #ContentStar##HotTopicDiscussion#
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We are clearly in a memecoin super-cycle, based on the top gainers and trending coins over the past 30 days.
Meanwhile, utility altcoins are in a downtrend due to too many new launches without enough fresh liquidity in the market. Since early April, the crypto market has seen over 1 million new tokens launched. Ethereum and Solana lead this surge, with Ethereum hosting over 370,000 new tokens and Solana adding 640,000, primarily memecoins, according to Dune Analytics.
In this environment, I advise sticking with your utility altcoins and avoiding the lure of quick gains. Memecoins are highly risky, and the chances of finding that 100x memecoin are slim. Most people end up losing money on memecoins rather than profiting.
#ContentStar# #HotTopicDiscussion#