Layer 1 Crypto

A detailed, high-definition image representing the current trends in the cryptocurrency market. The depiction shows the increased attention towards emerging artificial intelligence technologies and meme-based cryptocurrencies, signified by bright, upward-trending graphs. In contrast, first layer (Layer 1) crypto technologies are shown as darker, downward-trending graphs, symbolizing their struggles. The scene is filled with data charts, trend lines, numbers, and representative symbols all co-existing under the vast digital sky. All the elements are presented in a careful balance, simulating a realistic environment.

Emerging AI and Meme Coin Trends Overshadow Layer 1 Crypto Struggles

1 July 2024Jason Greyson

Cryptocurrency market trends shift as Artificial Intelligence (AI) tokens and meme coins gain the spotlight in 2024, eclipsing once-prominent Layer 1 cryptocurrencies. These foundational blockchain projects, including Tezos (XTZ), IOTA (IOTA), Klaytn (KLAY), Algorand (ALGO), and EOS.IO (EOS), are experiencing severe depreciation in value. The decline in value typically exceeds 75%, signaling a troublesome period […]