A new report from Crypto Data Regretator Coingecko indicates that Memecoin’s madness has reached its climax with the launch of Trump’s (Trump) and digital.
Coingecko He says The MIMON sector decreased dramatically after President Donald Trump and his wife, First Lady Melania Trump, fired Mimokins, each in mid -January and the prominent value of the value rose before it declined.
The report also says that the launch of Memecoin Libra (Libra) in February contributed to the decline in the sector.
Al -Mizan is a tricking project initially supported by Argentine President Javier Millie and rose to the maximum market for more than $ 4 billion on the launch day before losing more than 95 % of its value on the same day.
“This was not clear at the time, but Trump’s launch and Melania represent the upper part of the mechanics as it absorbed liquidity and attention from all other encrypted currencies.
If the launch of both of these currencies was not enough to finish the Memecoin mania, the scale was the final nail in the coffin, which led to the destruction of the illusion that Memecoins were “fair releases” to detect Kabal and informed who benefit from almost everyone. ”
According to the report, the Memecoin sector is witnessing a decrease in the maximum market and trading volume.
“On Coingecko, the maximum MEME market decreased by 32 % since its peak on February 3, with 72 % sizes more severe.”
However, the report says that Memecoins is likely to remain part of the encryption market for years to come.
“In an era in which there is no zero friction to launch a meteion, the attention is the product literally, and low -quality memes will not go anywhere. Even the” high -quality “memes need to engage users constantly and keep attention. Those who do this may have an opportunity to survive.
In the long run, Memecoins is likely to follow an extremist legal condition, where 99.99 % will fail. For the strongest 0.01 %, they rise to the top, which may be known as they may get a government agency named after it. “
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Disclosure: The views expressed in Daily Hodl are not an investment advice. Investors must do due care before making any high -risk investments in bitcoin, cryptocurrency, or digital assets. Please note that your transfers and trading on your own responsibility, and any losses you may bear are your responsibility. Daily Hodl does not recommend buying or selling any encrypted currencies or digital assets, and Hodl Daily Andersor is an investment. Please note that the daily Hodl participates in dependent marketing.
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