In the crypto currency market, Memecoin has decreased to the lowest level of the last 1.5 years. This decline, by some analysts, “Ethereum $4,644.03 It is associated with the existing market cycle called the season.
Reasons for the fall of market domination
Cryptoquant’s latest data shows that the ratio of memecoins in the subcoin market has decreased to 0.039. Analysts point to the increasing sovereignty of Ethereum as one of the main reasons for this fall. According to analysts, Ethereum has recently attracted a large part of the liquidity.
This causes mecoins and many subcoins to get less share of the investment cake in the market. The following statements were included in a sharing on the subject on social media:
“It is clear that there is no Memecoin season right now, very few perform well, and they are exceptional situations.”
Investors’ orientation to Ethereum, Ethereum’s Bitcoin 
$119,187.53 and increased the power between the other subcoins. Some observers emphasized that this period was only a cycle of Ethereum and that a classic subcoin season has not yet been entered. Cas Abbé made the following assessment in his statement:
“We are in the Ethereum season now, most of the liquidity is flowing to ETH. For a real subcoin season, retail investors need to bring more liquidity and this will not take place before ETH reaches its new summit.”
Performance Comparisons and Circular Expectations
Since April, Memecoin total market value has increased by 79.5 %. However, this increase remained low compared to the performance of Ethereum, which rose by 215.91 %in the same period. In August, Ethereum rose by approximately 25.41 %; Dogcoin 
$0.230331The leading memecoins such as Shiba Inu and Pepe recorded more limited increases.
This decomposition is interpreted as Ethereum’s market liquidity, causing memecoins to decrease the market share.
Is a new Memecoin season possible?
Experts foresee that new rise in the future for Memecoins. It is stated that there is a four -stage market cycle in the sector in general. Currently, the second stage in which Ethereum is in the forefront is experiencing. Merlijn The Trader said about the current location on the market:
“We have waited for this moment for years, now we are here. ETH, the second stage of the Ethereum season. The best rise in the past began here.”
In the third stage, it is seen that Ethereum is superior to Bitcoin and that large volume subcoins gained momentum. In the fourth phase, which is the last stage, it is stated that the market enthusiasm has spread to all subcoins and small -scale subcoins, including the memecoins, have increased rapid increases. In the words of another analyst:
“Altcoins have begun to rise and the memecoins always rise at the end.”
As a result, the currently gathering of market weight in Ethereum led to a decline of memecoins. However, in the later stages of the cyclic structure, it is considered that the memecoins may attract great attention again. When this happens, it can be shaped depending on market conditions and general distribution of investments.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
