Memecoins Fade as Fundamental Tokens Gain Momentum

隨著基本代幣獲得動力，Memecoin 逐漸衰落

Memecoins' rapid ascent in early 2023 has diminished as the market shifts towards tokens with stronger fundamentals. Established cryptocurrencies like the top 10 and DeFis are experiencing a resurgence, indicating the return of experienced traders.

隨著市場轉向基本面更強的代幣，Memecoins 在 2023 年初的快速上漲勢頭有所減弱。像 Top 10 和 DeFi 這樣的老牌加密貨幣正在復蘇，這表明經驗豐富的交易者正在回歸。

Initially, memecoins surged in tandem with the price of Bitcoin. However, since mid-November, these tokens have been stagnant while other sectors have gained traction. The GMI memecoin index remains flat, further confirming this trend.

最初，模因幣與比特幣價格同步飆升。然而，自 11 月中旬以來，這些代幣一直停滯不前，而其他行業卻獲得了關注。 GMI memecoin 指數保持平穩，進一步證實了這一趨勢。

Volatility has persisted since the year's onset. The GMCI, after a surge from 257, has stabilized within a range of 485 to 530, suggesting a shift in focus.

自今年年初以來，波動一直持續存在。 GMCI 從 257 點飆升後，已穩定在 485 至 530 點之間，表明焦點發生了轉移。

The DeFi sector has experienced a notable revival, attracting liquidity to projects like AAVE, ENS, and ENA. AI tokens have also garnered attention, with social activity surrounding Injective, Bittensor, and Fetch increasing.

DeFi 領域經歷了顯著的復甦，為 AAVE、ENS 和 ENA 等項目吸引了流動性。 AI 代幣也引起了人們的關注，圍繞 Injective、Bittensor 和 Fetch 的社交活動不斷增加。

The growing emphasis on fundamentals has raised expectations for a sustained bull run. If top-ranked tokens, DeFis, and AI continue to dominate market sentiment, the market may be poised for a significant rally.

對基本面的日益重視提高了人們對持續牛市的預期。如果排名靠前的代幣、DeFi 和人工智慧繼續主導市場情緒，市場可能會大幅反彈。