Author: 636Marx
The digital currency market never closes, and it is the most suitable partner for capital. Currently, an important transformation is taking place: capital is shifting from speculative assets (especially MEME coins) to Altcoin projects with practical value and long-term development potential.
Through long-term tracking, the author found that as the heat of MEME coins subsides, Stellar (XLM), Celestia (TIA), and new projects like Lunex Network are gradually emerging. These projects have attracted market attention with their practical value, innovative architecture, and new narratives. This article will analyze these market changes and predict the next hot spot in the crypto market.
The MEME Coin Craze Subsides
In the past few months, MEME coins such as Pepe (PEPE), Shiba Inu (SHIB), and Bonk have seen rapid appreciation driven by speculative fervor. Fueled by social media hype and the pursuit of retail investors, these tokens have generally achieved triple-digit gains. Among them, Pepe stood out the most, with a gain of over 100% in October, attracting hundreds of millions of dollars in investment.
However, this rebound momentum is weakening. Technical indicators show that MEME coins are facing increasing selling pressure. Pepe recently saw a large-scale withdrawal of 1.5 billion tokens (worth about $3 million), which may indicate that investors are shifting to long-term holding or a decline in short-term confidence. The Chaikin Money Flow (CMF) indicator has turned negative, further confirming this bearish trend.
Of course, the sudden withdrawal from Binance could also be for staking, which would provide more operational space than direct selling.
Stellar (XLM): A New Narrative and Potential
Among the practical Altcoins, Stellar (XLM) has performed particularly well. In November last year, Stellar climbed from $0.10 to $0.63, a six-fold increase in just a few days. Even after profit-taking and a pullback to $0.50, XLM still achieved a monthly gain of 429%.
This strong momentum made Stellar one of the best-performing digital currencies in November, surpassing many high-profile MEME coins.
The Core Drivers of Stellar's Rise
1. Institutional Adoption: Financial giant Franklin Templeton chose the Stellar blockchain to manage $1.7 trillion in assets, highlighting the continued strengthening of institutional confidence in the platform.
2. Growth in the Derivatives Market: Stellar's derivatives trading volume reached $8.8 billion, a 94% quarter-over-quarter increase. The growth of open interest by 54% also shows the strong interest of traders and institutions.
3. Practical Application Scenarios: Stellar focuses on cross-border payments and financial inclusion, attracting investors seeking real application value rather than pure speculation.
Stellar's Future Development Prospects
The author believes that with the expansion of institutional adoption and the continued growth in trading volume, XLM is expected to break through its historical high of $0.79 in the coming months. Many investors are closely watching the performance of the derivatives market, seeing it as a key indicator of Stellar's development trajectory.
Celestia (TIA): It Has Broken Out of the Consolidation Range
After four months of range-bound fluctuations, Celestia (TIA) broke through the key resistance level of $5.80 in November. The token surged 42% to $8.30 within a week and then stabilized around $7.67.
This breakout is significant and aligns with the market's overall trend of shifting towards practical projects.
Reasons for Celestia's Recognition
1. Scalable Modular Blockchain: Celestia's unique modular design allows developers to easily build customized, interoperable blockchains, effectively solving the scalability issues of traditional blockchains.
2. Practical Projects Regain Attention: As speculative assets lose their appeal, tokens like Celestia that focus on practical value are regaining the favor of investors.
Development Prospects
The author believes that Celestia is currently showing a high-level trend reversal, and if this trend continues, TIA has the potential to reach the $20.91 high point in early 2024, making it highly attractive for medium to long-term investors.
Lunex Network: Reshaping DeFi
Lunex Network is an emerging DeFi protocol dedicated to connecting independent blockchains and enabling seamless asset transactions. Focusing on decentralization, privacy protection, and interoperability, Lunex Network provides:
1. Cross-chain Transactions: Users can trade over 50,000 assets without KYC verification.
2. Development Tools: More than 65 RPC nodes support the rapid deployment of scalable decentralized applications (dApps).
3. Institutional Solutions: The B2B payment gateway allows businesses to seamlessly accept crypto payments and convert them to fiat currency.
Market Response and Presale Results
The project's native token $LNEX was priced at $0.0031 in the presale, raising over $3 million. Early investors remain optimistic, and analysts expect a potential 1,800% growth after launch.
Unlike MEME coins, Lunex Network proposes an interconnected ecosystem as a viable solution. Its advantages in decentralization, privacy protection, and scalability give it a certain competitive edge in the DeFi ecosystem.
Capital Rotation Between Different Markets and Hotspots
The shift from MEME coins to practical Altcoins is a sign of the digital currency market's increasing maturity, as well as the fact that practical Altcoins can provide capital with more stable harvesting scenarios. The crypto market is gradually reducing pure speculative investments and seeking balanced growth opportunities.
The author believes that as the crypto market matures, the proportion of capital invested in practical value and long-term development potential will increase, as the crypto investment landscape is an extremely inclusive financial system.
By focusing on innovation and practical applications, the digital currency market is gradually shedding its pure speculative attributes and moving towards sustainable growth and stable development.
