According to statistics from Flow, a cryptocurrency researcher, more than 80% of the new cryptocurrencies listed on the exchange Binance in the past 6 months have experienced a decline in price compared to their initial listing. Only five tokens have seen growth.
Summary:
While meme coins have gained popularity, the market lacks upward momentum. The top ten cryptocurrencies have also not reached the levels of the 2021 bull market. Ethereum’s growth has been weak due to a lack of innovation and the SEC’s unclear stance on Ethereum ETFs. Binance Coin’s mining projects have led to price increases, but it is still below its all-time high. Solana has seen a rise in price due to its thriving ecosystem. TON, backed by Telegram, has experienced significant growth and is the only project among the top ten tokens to achieve a new all-time high. XRP and AVAX have underperformed, with their prices even lower than last year’s levels.
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