Memecoins continue to lose ground.
🦊🐶🐸✨🦊🐶🐸✨🦊🐶🐸
#USNationalDebt #MarketPullback
In the last month, the situation for meme coins has been one of pronounced losses, fueled by growing investor indifference. According to data from the Artemis portal, the sector is among the worst-performing within the crypto universe, with a decline of 28.7% in the last 30 days.
To put this in perspective, the artificial intelligence token sector, one of its main rivals for media attention, ranks eight places ahead in performance during the same period. However, this does not imply that it has had positive numbers: the performance of the AI sector is also negative, with a setback of 20%.
On the other hand, decentralized finance (DeFi) tokens are positioned thirteen places above memecoins, with a more moderate monthly decline of 12%. This data allows us to gauge the magnitude of the setback for meme coins, whose weakness was already evident before the new drop recorded this Friday.
In this scenario, the question arises as to whether there are still hopes for investment in this type of asset. The answer depends on each investor's risk profile. The truth is that the days of euphoria surrounding memecoins seem to be behind us, as the market shifts its attention towards tokens with more solid fundamentals.