The majority of memecoins and Pumpdotfun tokens have failed, with many experiencing a retracement of 70-90% on average within just a few weeks, and most tokens dropping to almost zero.
According to our previous analysis, dominance was expected to top around 61%. However, the emergence of $TRUMP and $MELANIA, along with other overhyped, high-market-cap tokens, has negatively impacted existing altcoins, making them look even weaker for now. That said, with a massive 36.4 million tokens in the market, a dominance level of 62-64% is considered reasonable for rotation into altcoins, potentially reviving the crypto market.
Since spring and Q1 are often favorable periods, the local bottom should be forming soon, and we might see a bounce in mid February.
According to our previous analysis, dominance was expected to top around 61%. However, the emergence of $TRUMP and $MELANIA, along with other overhyped, high-market-cap tokens, has negatively impacted existing altcoins, making them look even weaker for now. That said, with a massive 36.4 million tokens in the market, a dominance level of 62-64% is considered reasonable for rotation into altcoins, potentially reviving the crypto market.
Since spring and Q1 are often favorable periods, the local bottom should be forming soon, and we might see a bounce in mid February.
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#Bitcoin's move played out exactly as expected. It broke out of the wedge, got rejected at the $100,000 level, and has now retraced to the dynamic support line, which was previously the wedge's resistance.
We need to wait for further consolidation.
We need to wait for further consolidation.
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π¨π¨ JUST IN: $BNB Chain's "Four meme" meme launchpad announces malicious attack; Token LP on PancakeSwap temporarily suspended until fixed.
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π° JUST IN: #Binance announces SOLayer ($LAYER) as the 8th project on its HODLer Airdrops Page.
Tether Watch
DePIN is preparing for a move. $AR looking good for a buy.
Already lying on the bed, scrolling through the Binance app, and I think we canβt miss this one. Aped in, charting on Binance is cool anyway. π
$SWARMS look bottomed IMO
AI Agent is gearing up for the next leg up so $SWARMS will rise π₯
AI Agent is gearing up for the next leg up so $SWARMS will rise π₯
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Right now, most people see these as quick profit opportunities, especially memecoins over utility tokens.
As a result, the moment thereβs any trouble, they sell fast, driving prices down just as quickly. The current mindset is all about flipping rather than holding, which means thereβs less long-term confidence, limiting how much prices can actually grow.
This is a big reason why altcoins are struggling to perform.
And thatβs exactly why this is hurting the entire industry.
As a result, the moment thereβs any trouble, they sell fast, driving prices down just as quickly. The current mindset is all about flipping rather than holding, which means thereβs less long-term confidence, limiting how much prices can actually grow.
This is a big reason why altcoins are struggling to perform.
And thatβs exactly why this is hurting the entire industry.
FTX creditors have started to receive their repayments
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