Spoiler alert: it's $SPICE on Cosmos.
A mid-curve pick?
I share Stephen's memecoin thesis, though:
• Memecoins are fun ponzis
• They bring new users onchain and teach DeFi
Key missing point is that new users are not flocking to Cosmos. Even crypto natives are leaving the eco.
I understand the thinking. If new users suddenly flock to Cosmos, it will win.
But it's a bet on the ecosystem growth.
A year ago, I believed Solana EVM would be a thing. I bought a bunch of memecoins on @Neon_EVM expecting a retail crowd to arrive but they never did.
Similarly, I hold $BROTHER on Starknet, and multiple Runes on BTC for a new retail wave.
Will it pay off? It's a tempting bet with asymmetrical returns.
But currently all degens are on Solana and Base.
Unlike Cosmos, onboarding to both is straightforward and they have a large degen crowd.
Like my gf is trading on Phantom but Cosmos is an unknown territory for her.
Overall, it's a bet. Might pay off but retail is not scanning Dex Tools for Cosmos eco just yet.
