Memecoins Fade as Fundamental Tokens Gain Momentum

随着基本代币获得动力，Memecoin 逐渐衰落

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.

随着市场转向基本面更强的代币，Memecoins 在 2023 年初的快速上涨势头有所减弱。像 Top 10 和 DeFi 这样的老牌加密货币正在复苏，这表明经验丰富的交易者正在回归。

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，模因币与比特币价格同步飙升。然而，自 11 月中旬以来，这些代币一直停滞不前，而其他行业却获得了关注。 GMI memecoin 指数保持平稳，进一步证实了这一趋势。

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.

自今年年初以来，波动一直持续存在。 GMCI 从 257 点飙升后，已稳定在 485 至 530 点之间，表明焦点发生了转移。

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 领域经历了显着的复苏，为 AAVE、ENS 和 ENA 等项目吸引了流动性。 AI 代币也引起了人们的关注，围绕 Injective、Bittensor 和 Fetch 的社交活动不断增加。

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.

对基本面的日益重视提高了人们对持续牛市的预期。如果排名靠前的代币、DeFi 和人工智能继续主导市场情绪，市场可能会出现大幅反弹。