CandleFocus AI Cryptos, Meme Coins Bleeding, Analyst Indicates 'Absolute Carnage'
2025-01-29
Author: Content Editor
The cryptocurrency market recession is heavily impacting AI and meme coins, according to Nick Garcia, a crypto analyst at Messari. AI infrastructure coins and meme cryptocurrencies have experienced significant losses, with AI infrastructure coins down by an average of 71% from their all-time highs. Meme coins have also seen a decline, with the eight largest meme cryptos down by 63% from their all-time highs. Meanwhile, more serious categories like RWA tokenization and liquid staking are performing well. The effects of these losses on the market are still uncertain.
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