NFTs and Memecoins Stage Comeback as Crypto Risk Appetite Returns
The cryptocurrency market is witnessing a resurgence in speculative assets after a month of stagnation. Non-fungible tokens and memecoins have led the charge, with market capitalizations climbing 12% and 11% respectively. This rebound signals renewed risk appetite among traders despite lingering macroeconomic uncertainties.
Not all collections are benefiting equally. While Milady Maker surged 80% and Mutant Ape Yacht Club gained 36.5%, other established projects are struggling to maintain momentum. The divergence highlights the selective nature of the current recovery, where niche projects on alternative chains are outperforming some blue-chip assets.