i hope before the start of a new cycle later this year we get all the trash and vapourware out of crypto which means dead chains, useless tokens, and even grifters.
we are already seen early signs of that with apps that've actual PMF and users like venice ai, sky, hype not bothered by PA on majors.
there are so many ghost chains with zero apps, users or utility ex: ripple and cardano commanding billions in value.
that capital will either go to zero or rotated to other chains. we have infinite blockspace and only few users and apps.
capital in crypto is increasingly becoming more efficient and smart. this is due to various tradefi investors and institutions coming into the space.
as far as memecoins goes i've said before users need to lose a lot of money before they finally stop.
the dynamics of memecoins are broken and pump fun has done nothing to improve that. they simply don't care like most founders in crypto where they extract and leave.
i see people write thesis on why pump fun is a great investment because of their buyback and revenue whereas it puts new lows every month. its because smart money knows its not sustainable.
they don't see growth in memecoin market anymore. and with long vesting period, investor and team dumping tokens every month its not an attractive investment
a lot of activity i believe is not organic. and the activity has decreased over time.
people need to go back to how memecoins were before 2023. they were limited, long term oriented, cultural, cult, community based tokens.
but this doesn't help the launchpads, trading apps and even blockchain. it doesn't generate a lot of fees. only more tokens, more speculation, more grift and more volume does.
so this narrative will never be pushed by founders or investors.
everything should be tokenized is the most stupid thesis that VCs created to sell their bags.
just look at the performance of memecoins that've been successful this year. solana:Ce2gx9KGXJ6C9Mp5b5x1sn9Mg87JwEbrQby4Zqo3pump is a prime example that checks all the boxes.
memecoin are and will remain the best way to to make generational wealth in crypto. you can only get your 10000x from memecoins. but you need to have conviction, handle 90% drawdowns and most importantly pick the winner.
all of them have become increasingly difficult because users don't have conviction anymore, they are happy with a quick 2x, there is no stomach for drawdowns and you have 1000s of tokens launching every single day
i firmly believe that people who've all these qualities will make generational wealth next cycle.
gneet
won this gem thru @Berriesdotfun . been meaning to get one piece exposure
there is a few pokemon TCG esque coins like this (grail ATH 1.8M, gacha ATH 8M) but not a single one piece focused coin
im bullish on this TCG meta bc its a hybrid of memecoin/NFTs whilst having exposure to said collection thru this medium
dev is an actual card head + posting with memetics/content + branding on point
most importantly once piece is the most liquid TCG right now
solana:AKUYQxitb6GqqJnoSbwgzJJphRW5emgn2ykEiPpKpump