cryptocurrency The popularity of memecoins continues to grow in the world. However, according to the latest data, despite this increase, the interest of individual investors has not yet reached its peak. According to the data provided by IntoTheBlock, the number of daily active addresses in the memecoin market is currently around 16 thousand. This number is far behind the 32 thousand daily active addresses observed in the bull market in 2021. this too memecoin marketIt reveals that current activity and individual investor interest are still low compared to the past.
Memecoin Daily Active Address Number Remains Low
IntoTheBlockAccording to the data announced by Memecoins, the number of daily active addresses is considered an important indicator of individual investor interest in the cryptocurrency market. However, activity in this area has not reached the peak levels seen in 2021.
During the bull market in May and November 2021, the number of daily active addresses of memecoins reached record levels of 32 thousand. On the other hand, the current number of active addresses is 16 thousand. memecoin It shows that interest in the market is still limited. These data indicate that individual investors have not fully returned to the market.
This low activity is notable despite the fact that the total market cap of memecoins has hit new highs. The Memecoin market is often referred to as an area where individual investors are active with small-scale investments. However, according to current data, investor interest is more limited this time. This reveals that the role of individual investors in the memecoin market is less decisive than in previous years.
Retail Investors Have Not Fully Returned to the Cryptocurrency Market
Low activity in the Memecoin market cryptocurrency marketIt shows that individual investor interest in the country has not yet revived. Memecoins have often been a magnet for retail investors looking for short-term gains. However, according to current data, the impact of individual investors on the memecoin market remains at a lower level compared to previous years.
According to IntoTheBlock’s assessment, this creates a significant difference in the memecoin market. The intense interest of individual investors in 2021 played a critical role in the growth of the memecoin market. Nowadays, despite the increase in the total market value, this interest has not yet fully re-emerged.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
