Market Shift: Meme Coin Dominance Declines

市场转变：Meme 币的主导地位下降

Ki Young Ju, founder of CryptoQuant, observed a notable shift in the crypto market. According to Ju, meme coins are losing their dominance in the altcoin sector, indicating a move away from speculative investing towards a more fundamental approach akin to previous market stages.

CryptoQuant 创始人 Ki Young Ju 观察到加密市场发生了显着变化。 Ju 表示，迷因币正在失去其在山寨币领域的主导地位，这表明人们正在从投机性投资转向类似于之前市场阶段的更基本的方法。

This shift suggests the end of the meme coin craze that has dominated investor sentiment in recent months. However, Ju emphasizes that his negative outlook is solely for meme coins and not Bitcoin. He remains optimistic about BTC's long-term prospects, indicating that while meme coin hype fades, established assets like Bitcoin maintain their investment potential.

这一转变表明近几个月来主导投资者情绪的迷因币热潮已经结束。然而，Ju 强调，他的负面看法只是针对 meme 币，而不是比特币。他对比特币的长期前景仍然持乐观态度，这表明虽然迷因币的炒作逐渐消退，但比特币等成熟资产仍保持其投资潜力。

Shift from Gambling to Fundamentals

从赌博转向基本面

The declining dominance of meme coins implies a broader market sentiment that values intrinsic value over speculative ventures. Meme coins often act as leveraged plays on their parent chains, exhibiting amplified price movements that mirror market trends.

模因币的主导地位下降意味着更广泛的市场情绪，即重视内在价值而不是投机性风险。 Meme 币通常在其母链上充当杠杆角色，表现出反映市场趋势的放大价格变动。

However, capital flow typically shifts from less risky assets to more speculative ones in financial markets. This cycle often inflates meme coin valuations, followed by significant withdrawals that trigger market downturns.

然而，资本流动通常从金融市场中风险较低的资产转向投机性较高的资产。这个周期通常会抬高模因币的估值，随后会出现大量撤资，从而引发市场低迷。

Maturation of the Market

市场成熟

The waning dominance of meme coins may signal the maturation of the crypto market. Investors are gravitating towards assets with strong fundamentals, emphasizing value over high-risk, high-reward ventures.

模因币主导地位的减弱可能标志着加密货币市场的成熟。投资者倾向于基本面强劲的资产，强调价值而不是高风险、高回报的企业。