Some things in the Crypto space go beyond Technical analysis and fundamentals. Especially looking at the recent emerging Memecoins, you may agree with me that it often scrambles every sense of what is normal.
Previously, tokens that got the most attention and dominated the market were those with an expert team behind them, well detailed promises, plans or roadmap for them to get traction in the crypto market. But the recent twist in events keeps one wondering.
What are the "amazing" things you've noticed about recently developed or launched Memecoins that you would like to share. Let's have them.
Well, obviously, when a road fails, people look for, or start using the available alternatives.
It is exactly what is happening, or has happened to the type of projects you described, those with expert team, well detailed promises, expert roadmap and so on, several of such projects have failed, and tokens without utilities seems to have survived even much longer than those ones which promised heaven on earth and at the end of the day, deliver absolutely nothing.
This is exactly why many have decided to turn to meme coins, abandoning the technologically backed projects, or some investor little on them from the profit they make investing heavily on memecoins.
But anywayz, in the future, I believe the table will turn around again, most especially when most technologically backed projects start to prove themselves worthy of investors money again.