If investors want to see a bull run take off this cycle, they should shift their attention from memecoins to AI and real-world assets.
The memecoin market has been booming this year. It’s practically the only sector of cryptocurrency that’s been booming during this Bitcoin (BTC) halving cycle. In some ways, it’s reminiscent of the GameFi narrative during the last cycle — a phenomenon that I happened to predict right before it took off.
However, despite the enthusiasm for memecoins, there is a strong case to be made that they are not the best investment vehicle to drive a bull run. It would be more encouraging for the market’s long-term health if new investors would redirect their attention to real-world assets (RWAs) and artificial intelligence (AI), which are much more sustainable.
Memecoins are generally designed to be light-hearted and fun. You can think of them as the crypto cousins of meme stocks like AMC and GameStop. Some well-known examples of memecoins include Dogecoin (DOGE) and Shiba Inu (SHIB) — I consider them the OG memecoins.
Go to Source
Author: Evan Luthra
