Ever wondered why Bitcoin keeps growing and hitting new all-time highs, while technological cryptocurrencies like ETH, SOL, or ATOM remain stagnant? Here’s what’s happening:
According to data from the Kaito platform, about 50% of all discussions on Twitter are centered around meme coins and AI-related cryptocurrencies.
Key Trends:
- 24.79% — Artificial Intelligence (AI) sector. Tokens tied to AI are gaining traction due to their association with future technologies.
- 22.27% — Meme coins. Their appeal lies in their viral nature and the excitement of investors trying to catch the next big thing.
- 9.53% — Decentralized Finance (DeFi). While still relevant, this sector has seen less attention in the current market landscape.
Other segments, such as GameFi, ETFs, L2 solutions, and stablecoins, are lagging significantly behind.
Meme Coins Take the Spotlight
If you look at the trending tokens on platforms like CoinMarketCap, Binance, and others, one thing becomes clear: meme coins dominate the charts. Symbols featuring dogs, frogs, cats, and other memes are capturing most of the attention.
This highlights that the market is currently in a stage of euphoria, where investors, lured by the promise of quick profits, are heavily investing in low-cap meme coins. Their goal is to achieve returns in the hundreds of percent within a short timeframe.
Why Does This Matter?
This trend underscores a key characteristic of the crypto market: it thrives not only on technological innovation but also on emotions. Such periods of euphoria can often signal potential corrections in the future, making it crucial to stay mindful of the risks. At the same time, the AI crypto sector continues to grow, signaling long-term potential for development.
The takeaway is simple: to succeed in investing, it’s essential to distinguish between market euphoria and genuine value.
