Overview

• Aave (AAVE) and ApeCoin (APE) are losing ground due to their lack of utility and association with meme investment, while TMS Network (TMSN) is set to thrive in 2023.
• Aave (AAVE)’s complexity renders it inaccessible to beginners, making a bull run unlikely any time soon.
• ApeCoin’s (APE) reputation has prevented its value from surpassing $10 in almost a year.

Aave (AAVE)

The cryptocurrency industry evolves naturally, with only the strongest and best projects surviving over the long term. Whilst truly revolutionary cryptocurrencies tend to become pillars for the markets, plenty of dross gets left behind, and these will often be coins that suffer from hype cycles without utility – one such example being Aave (AAVE). Despite having a current value of $90, context is key when analysing Aave’s past valuations; it has lost a huge amount of value over the last two years and barely moved in valuation since May 2022. Whilst this makes an Aave bull run unlikely any time soon, it should be noted that this project started out as a highly sophisticated open-access blockchain platform before becoming overshadowed by other projects.

ApeCoin (APE)

Another project which could have offered real value to the crypto industry but failed due to getting involved in the culture of meme investment is ApeCoin (APE). During its peak on Reddit’s /r/WallStreetBros it reached an impressive $22.25, but since then its value has not surpassed $10 in almost a year due to its bad reputation. This shows how important it is for cryptocurrency companies to stay away from memecoin investments if they want their project to be taken seriously by investors.

TMS Network

In contrast, projects which look set to redefine a subgenre such as TMS Network (TMSN) are set to thrive in 2023 – something which can be attributed to their revolutionary technology rather than simply going viral or gaining hype on social media platforms. The TMS Network offers an innovative and cutting-edge blockchain service provider with great promise, meaning that investors are likely flocking towards this coin instead of investing in coins such as Aave or Apecoin due its greater potential for long term gains.

Conclusion

It is clear that investors are now beginning to focus more on true innovation rather than hyped up memecoins if they want their investments to pay off over the long term – something which can be seen through the success of TMS Network compared with coins such as AAVE and APE who chose not heed this advice and suffered greatly as result . Therefore, whilst there may still be some short-term gains available from investing in memecoins , ultimately it appears that those looking for steady returns should focus on projects offering real innovation instead .