Recent price data indicates a notable shift in the crypto market, with meme coins losing momentum while DeFi tokens are rising.
Recent price data indicates a notable shift in the crypto market, with meme coins losing momentum while DeFi tokens are rising.
In contrast, the GMDEFI Index, which measures major DeFi tokens, reflects a robust growth trend, up 35%, from 82.47 on November 14 to 111.43.
Arthur Cheong, founder and CEO of Defiance Capital, highlighted a shift in investor focus towards foundational projects, highlighting a movement of capital towards Ethereum and DeFi platforms such as AAVE, ENA and ENS.
Market sentiment around DeFi would improve, particularly after Donald Trump’s re-election, with expectations of pro-crypto policies potentially benefiting decentralized finance.
Jung described the current market dynamics as a broader return to projects with strong foundations, suggesting that traders are increasingly seeking value in tokens with established fundamentals.
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