As the memecoin wave calms down in the Crypto market, investor interest is increasingly shifting towards projects that offer more real use cases.

One of the biggest speculative waves of the past year, the memecoin sector is experiencing a serious stagnation this year. According to data from The Block, the GMCI memecoin index has been stuck around the 220 level for months. This figure is far behind the 600-point peak reached during the period when coins like BONK, WIF, and Fartcoin attracted retail investor interest.

On the other hand, the general altcoin market paints a different picture. Indices covering the largest 30 altcoins have been setting new records since November, while well-known memecoins like Dogecoin #Cryptomarketrebound DOGE(, Shiba Inu )SHIB(, and Pepe are unable to regain their former momentum. This situation reveals that the memecoin market is experiencing a loss of momentum not only in newly launched tokens but also in established names.

Investors are now looking at value-generating projects.
The strong market reaction to newly launched projects such as ASTER and Plasma )XPL( indicates that investors are turning their attention to tokens that provide utility and have a development roadmap. In particular, stablecoin projects, tokenization of real-world assets, and DeFi applications are at the center of this interest.

According to experts, while memecoins served as a gateway for new investors entering the crypto space last year, projects need to offer revenue-generating structures and develop tangible products to remain sustainable in the current environment.
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