Old coins could come back to upward trend in Q2 – Sygnum
According to the Swiss Bank Sygnum, old coins could experience a noticeable upswing in the second quarter of 2025, since the crypto regulatory regulations are increasingly being improved.
In your Investitionsausblick For the second quarter of 2025, Sygnum said accordingly that the regulations for crypto applications were “drastically improved”, which forms the basis for a strong rally in the old coin sector in the second quarter. However, it added that “none of the positive developments were priced in”.
In April achieved The Bitcoin market share is a four-year-old high, which indicates that the crypto investors are currently laying their funds into an asset, which is perceived as relatively secure.
Nevertheless, Sygnum believes that regulatory developments in the United States, such as the establishment of a digital asset stockpile (crypto reserve) by President Donald Trump and the progressive regulation of stable coins, could significantly advance the spread of cryptocurrencies.
“We assume that protocols that prevail with the users will do better and better and the market share of Bitcoin decreases,” writes Sygnum.
Economic focus increases the competition
Sygnum also emphasized that the competition would increase because the market is increasingly focusing on economic value. An increased competition on a market often leads to better products, which ultimately benefits consumers:
“The increased focus of the market on the economic value forces greater competition for user growth and income, with emerging protocols such as Toncoin, SUI, aptos, Sonic or Berachain pursuing different approaches.”
Sygnum added that high-performance blockchains remove the restrictions of the Bitcoin, Ethereum and Solana blockchains, but it is difficult for them to achieve economic adoption and fees.
The report also emphasized that some approaches are more sustainable than others. This includes Berachain's approach to create incentives for validers so that these decentralized financial applications (Defi) provide liquidity, Sonics reward of developers who attract and hold users, and Toncoins partnership with Telegram to gain access to one billion users.
Sygnum stated that in addition to the Layer 1 chains, Layer-2 networks such as Base have potential. However, the report pointed out that the Memecoin hype on the blockchain led to new highs at the users and income, but also declined as much after the memoins lost.
Nevertheless, Sygnum notes that base is still leading in the Layer-2 area for metrics such as daily transactions, throughput and total value of the transactions completed.
Memecoins im Q1 weitehrin im Fokus
Despite the latest price declines, the memoins remained dimerant in the first quarter of 2025. A COINGECKO report recently emphasized that Memecoins continue to focus in the first annual quarter. The crypto analysis company explained that memoins were able to unite a whopping 27.1 % of the worldwide interest of the crypto investors, which was only surpassed by the emerging AI tokens that came to 35.7 % during this period.
While retail investors are still busy with memecoins, institutions have a different approach. Asset manager Bitwise reported on April 14 that publicly traded firms are stacking Bitcoin. At least 12 public companies purchased Bitcoin for the first time in Q1 2025, pushing public firm holdings to $57 billion.
While small investors are still interested in Memecoins, institutions are now driving a different approach. The asset manager Bitwise reported on April 14 that listed companies are increasingly buying Bitcoin. At least 12 listed companies bought Bitcoin for the first time in the first quarter of 2025, which increased the stocks of listed companies to $ 57 billion.
