Ironically, this is the exact same reason why utility season is practically guaranteed to come back.
At some point people will get fed up with all the rugs and high failure potential of memes left and right that they just realize it's not worth it.
Again, there will always be a few runners in a sea of millions of tokens.
But it likely won't stay a narrative like "meme season" any longer where people think only memes is the way to go.
I could still see the appeal in the future though.
But only in a scenario like:
"Hey we are Burger King and we are doing a free 100% supply Burger meme giveaway in celebration off ..."
Something totally different at least than:
"Yo, this anon dev made the next samurai Cat token!"
We all hope it runs but that's just a needle in a haystack on top of the dev just being able to run away any single moment.
Memes could have a place here but not for speculative trading as the edge is very far away to be found.
"Yo, why you think this meme coin is great vs the others?"
You don't know? This dev is really cooking! It's not just any other meme coin.
It's the second creation of the Cat token and we all know how the first one did!
See where I'm going with this?
"Yo, did you see it on the news? A person that lives in the village next to me won the lottery! We know how rich he got so I'm bound to be as well!"
Again, there is a place but I think it's personally best to treat them as a free incentive program.
If you get an airdrop or something for having participated in something? Sure why not. Who knows.
But investing left and right trying to find the next golden ticket is an edge that likely doesn't exist.
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