Why is the market so obsessed with meme coins this round? $BTC

Memes are as pure and honest as cryptocurrencies

Historically, memes have been associated with retail traders, but we have yet to see retail traders fully return to this cycle

Nevertheless, memes are certainly getting more attention than ever in the early stages of this cycle

Most market participants are experienced crypto traders in their second or more cycles$TON

Most traders in the market right now are either looking to make as much money as possible or realize that 90%+ of "fundamental" projects are memes, in a sense, they don't offer anything meaningful to the space and will eventually bleed to death

We've also seen multiple examples of:

- The amazing wealth-creating power of memes

- The failure of multi-billion dollar VC-backed "fundamental" projects that slowly died out as they were unlocked over the years

With countless examples confirming these points, who can blame most people for flocking to memes?

They are proving to be positive wealth accumulation machines, not hiding behind the guise of “innovative” technology

Overall strength and continued recovery of “blue chip” memes like $PEPE, $MOG, and $WIF highlight the shift in perception of memes this cycle

In the past, meme strength correlated with market tops, when traders were confident and felt invincible

Today, memes have become almost a safe haven for users to turn to during uncertain times

The “memecoin supercycle” has truly arrived

However, this may change$TRX

Increasing dilution, brutal PVP nature, and continued levels of extraction from MEV bots, snipers, rugby players, insiders, etc. have made memes “no longer fun”

Pumpfun is now seen as the “scourge of the space” because it lowers the barrier to issuing tokens to almost zero

Like everything in Web3, metadata can only last for so long until a pivot or change is needed, and the memecoin space is no exception

I’m not sure what the future holds

What do you think ?

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