Memecoins hit hardest in rough year that saw 11.6M tokens fail
In a challenging year for the cryptocurrency market, memecoins have been particularly affected, with 11.6 million tokens failing. The downturn has led to significant losses for investors, as many of these tokens lacked fundamental value and were driven primarily by speculation. The overall market sentiment has shifted, prompting a reevaluation of investment strategies among crypto enthusiasts. Despite the struggles of memecoins, some investors remain hopeful for future recovery and innovation within the sector.
Read the full article: Coin Telegraph