Despite market turbulence, some believe meme coins like Doge, Wif, and Pepe are here to stay, potentially becoming a trillion-dollar asset class. Memecoins are seen as a cultural phenomenon with long-term value, akin to NFTs in the previous bull market. While some industry figures have changed their stance on memecoins, retail investors have faced losses amidst the rise of anon scammers. Memecoins are viewed as a new form of store of value, with their popularity likened to the lasting impact of iconic memes like Pepe and Wif.
One thing that has become quite evident: memecoins are to this bull run what NFTs were to the last one. ✅ Speculation ✅ CT going wild / social network effects ✅ Extreme volatility All we are missing is celebrity endorsements.
Memecoins are gonna be a trillion dollar asset class. What do you think doge, wif and pepe are at? A lot. I don’t look at the top memecoins as quick flips. I literally think they are Apple stock at $5. Will happily hold for 10 years as a small slice of portfolio
It took a decade for any new memes to grab Doge-level mindshare like pepe and wif. They really broke thru super hard. Top 50 on coinmarketcap is no joke. They ain’t going nowhere imo, the genie is out the bottle. Will be around forever now
It took so long for any memes to grab large mindshare like pepe and wif. They really broke thru super hard. Top 50 on coinmarketcap is no joke. They ain’t going nowhere imo, the genie is out the bottle. Will be around forever now
Memecoins are gonna a trillion dollar asset class. What do you think doge, wif and pepe are at? A lot. I don’t look at the top memecoins as quick flips. I literally think they are Apple stock at $5. Will happily hold for 10 years as a small slice of portfolio
We all know how this plays out Crypto culture will celebrate memecoins and insane profits as number goes up - our high priests will use virtuous terms like "attention economy" and "democrating finance" and even the doubters will be convinced Memecoins will go to stratospheric…
Memecoins are the new store of value.
Similar to the way NFTs were declared a fad early last bull market, and grew into a sector that was incredibly more bullish and resilient than most would have imagined in the early stages - I think memecoins are here to stay this cycle. Memes are culture - and culture has value.
Not so long ago some leading figures in the industry were shouting at the top of their heads about why memecoins are good for the ecosystem. Today, most of them are stepping back, while hoards of retail investors have lost money and a handful of anon scammers made millions.…
Bome holding up alot better than I’d thought given the overall crypto market carnage today. I don’t think meme coin szn is over yet. Still think we have 4-5 months of insanity left. But it will be different micro metas within the larger overall theme of memes. NFT hybrid perhaps?
Usually meme coin season marks the market top but "this market's just different". @icebagz_ thinks a lot of the meme coin money flows back into majors, real projects and ETH NFTs. https://t.co/mzszhQRCoM