• 34ºc, Sunny

Study: Crypto Market Participants Favor Meme Coin, Avoid High-FDV Projects

On June 17, according to Kucoin's June research report, crypto market participants are increasingly turning their attention to persona or celebrity Meme tokens with "relatively unknown low-cap assets." This shift stems from investors' frustration with projects with high fully diluted value (FDV) and low initial circulating market cap. Some investors are avoiding tokens with higher FDV because they offer limited price discovery opportunities for retail investors, making wealth creation challenging. To illustrate the change in investor behavior, the report highlights the trend of Notcoin, which launched with 100% of its tokens in circulation. The report also claims that tap-to-earn projects have "significantly higher overall engagement figures" than other gamefi or move-to-earn projects due to lower barriers to understanding and participation. In addition, TON technology is said to have a high-performance and scalable architecture, which will provide strong support for Notcoin and ensure the smoothness of the game. The integration of Notcoin with Telegram also helps to significantly reduce the former's customer acquisition costs while rapidly expanding its user community.