A seasoned trader renowned for his accurate predictions in the cryptocurrency market is cautioning against the excessive popularity of memecoins, suggesting that their time in the spotlight may be coming to an end. The trader, known as The Flow Horse, believes that as one sector of the crypto market loses its appeal, another sector is poised to take its place.

In a message shared on his Telegram channel, The Flow Horse emphasizes that nothing in the market or in life is permanent. While some things may stay in the spotlight for longer periods of time, people tend to forget that there are other opportunities outside of the limelight. It is in this overlooked space that potential lies, and as the trader points out, nature always fills a vacuum. Memes have been a popular trend in the market, but The Flow Horse asserts that they have become a consensus trade, suggesting that their appeal may be waning.

On the other hand, The Flow Horse suggests that the real-world asset (RWA) project called Ondo Finance (ONDO) may start attracting attention from investors who are looking for alternatives to memecoins. The trader believes that ONDO could be a promising candidate for a resurgence, noting that many altcoins that have experienced upward transitions have shown similar patterns. The derivatives open interest for Ondo has decreased, and the unlock schedule for the project is favorable, with a daily supply of $40,000. The trader highlights that when consensus forms in one area of the market, it often leads to opportunities in other areas.

Examining the chart, The Flow Horse identifies a bullish inverse head and shoulders pattern (I-HNS) on the daily timeframe for ONDO, indicating a potential upward trend. As of writing, ONDO is trading at $0.73, showing no change for the day.

It is important to note that the opinions expressed by The Flow Horse are not intended as investment advice. Investors should conduct their own research before engaging in high-risk investments in cryptocurrencies or digital assets. The Daily Hodl, where this information was sourced from, does not endorse the buying or selling of any cryptocurrencies or digital assets, nor does it provide investment advice.