To understand the winning strategies, AMBCrypto conducted an exclusive global survey where 7,259 memecoin investors participated, the survey findings are quite insightful.Bitcoin slid below the $60,000-mark on 24 June, for the first time since 3 May. The market seemed to have entered the fear zone, without any capitulation in sight.
Around the $61,156-level, 84.38% of BTC investors are making profits as opposed to 14.31% who are in loss. In fact, some maximalists have opined that the bottom is in and the king coin is about to go on an upward streak., Bitcoin’s upward journey might not be possible in the short term. BTC will find it difficult to breach the psychological mark of $70,000 throughout July. The report used various metrics and statistics-based observations to analyze the king coin’s future trajectory.
AMBCrypto also found that Dogecoin was the most favored memecoin in June. Metrics favored this narrative – Large Holders Netflow on 25 June stood at -293.66%, which simply meant that in the past 30 days, outflows exceeded inflows. This can be taken as a bullish signal and a sign of anticipated recovery.also looked beyond memecoins to analyze other areas of crypto like DeFi, gaming tokens, and AI tokens. However, its most surprising finding was in the NFT sector.
The report revealed that Solana has become the new leader in minting NFTs, surpassing Ethereum. This suggests that users and developers are increasingly choosing Solana for creating NFTs.Key factors to evaluate before investing in memecoins.Ethereum’s weakening correlation with Bitcoin.Are AI tokens good for portfolio diversification?Manisha is a Senior News Editor at AMBCrypto. With a Master's degree focused on Mass Communication, Manisha is good at multitasking with an eye for detail.