Research: Crypto Market Participants Favor Meme Coins, Avoid High FDV Projects

According to Bitcoin.com, on June 17th, Kucoin's June research report showed that more and more participants in the crypto market are turning their attention to "relatively unknown low market value assets" or celebrity meme tokens. This shift is due to investors' frustration with projects with high fully diluted value (FDV) and low initial circulating market value. Some investors are avoiding tokens with higher FDV because they offer limited price discovery opportunities for retail investors, making wealth creation challenging. To illustrate the change in investor behavior, the report focuses on the trend of Notcoin, where 100% of the tokens were in circulation when launched.The report also claims that compared to other gamefi or move-to-earn projects, tap-to-earn projects have "significantly higher overall participation data" due to lower barriers to understanding and participation. In addition, TON technology is said to have a high-performance and scalable architecture that will provide strong support for Notcoin, ensuring smooth gameplay. Integration with Telegram also helps significantly reduce customer acquisition costs for Notcoin while rapidly expanding its user community.