Memcoin expert Murad Makhmudov explained why the memcoin bull run has slowed down somewhat. According to him, the dynamics of memcoins are extremely closely linked to the general state of the global market, reflecting macroeconomic trends with a significantly higher amplitude.
He noted that the high volatility of memecoins and the redirection of investors' attention to Bitcoin and altcoins have cooled the meme token market somewhat. Moreover, such cryptocurrency projects are difficult to evaluate using traditional fundamental analysis methods.
However, this feature should not be considered a disadvantage of memecoins, and only indicates that their potential is much higher than is commonly believed, the expert noted. According to him, the memecoin segment will definitely continue to grow, since there is demand, and many traders and investors prefer to take risks by investing in such assets.
At the same time, if Bitcoin prices fall significantly and there is a risk of a recession in the American economy, memecoins will also come under strong pressure, the analyst believes.
In the medium term, memecoins will show an upward rally, but for now we need to wait for the corresponding trends in the crypto market to strengthen, Murad Makhmudov concluded.
