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The rise of meme coins is challenging the dominance of ETH NFTs in the crypto market. Meme coins offer more liquidity and accessibility, attracting speculators with unlimited upside potential. Solana emerges as a popular platform for meme coins due to its advantages over ETH. The shift towards meme coins signifies the development of liquid cultural capital markets and a new gateway into crypto for retail investors.
The biggest difference on Solana this cycle is definitely memecoins Last cycle if you wanted to join a community and vibe with holders, NFT was your only choice. Now you have thousands of memes online, more fun, still have alpha, and most importantly - more liquid https://t.co/WFj8XsmxgK
It's very possible that memes are this cycles "topshot" rathan than this cycles "NFTs" A gateway into crypto for retail, who will make their way elsewhere into the ecosystem, gaming, L2s, art and more.
meme coins are tabloid markets. timely. addicting.