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The rise of memecoins in the crypto market is gaining significant attention, with predictions that a meme coin could surpass the market cap of many established chains and protocols. Memecoins are seen as a key player in the current market cycle, attracting both mainstream and niche investors. Despite skepticism, memecoins are projected to remain a prominent asset class, offering a fun and low-risk investment alternative. Venture capitalists are increasingly involved in memecoins, signaling a shift in the crypto landscape.
Everyday a new "hot thing" hits the market,attention shifts You can look at Ansem's past shills for clues. Most ppl drank the "memecoin supercycle" koolaid, but there is a path of destruction left behind Memecoins have same dillution as VC unlocks, just in the form of new coins https://t.co/d09pSb4x4k https://t.co/Y9wu20wtDA
Memecoins aren't as attractive to VCs as infra products are because the cabal operating memecoins is just a bunch of degens in a basement rather than suits in a board room
Whether people like memecoins or not, they are here to stay. Tokenized culture is going to continue to be a massive market, & majority of protocols in crypto aren't built to facilitate demand for memecoins, but that's changing rapidly. Fade memecoins at your own peril.