Memecoins
Justin Sun defends Meme Coins at Token 2049 conference
Just a few days ago, Tron CEO Justin Sun indicated his support for meme cryptocurrencies at the Token 2049 conference in Dubai. In his speech, Sun praised the contribution of meme coins such as Dogecoin, Shiba Inu and Floki to distinguishing cryptocurrencies from traditional financial systems.
He emphasized that these tokens show the special culture of the crypto community, always full of humor and creativity.
Meme coins may seem unconventional, but they highlight the power of community in crypto. Building a successful project, meme-based or not, takes dedication.
Let’s see what the next bull cycle has in store for us! 👀 pic.twitter.com/S40tXLhSO3
– HE Justin Sun 孙宇晨 (@justinsuntron) May 1, 2024
Sun highlighted the huge stock valuations that major coins have managed to achieve, arguing that their success generally baffles mainstream financial analysts. He contested that these valuations were the result of real community participation and a clear launch process.
In the projection, Sun predicts that each bull cycle in the cryptocurrency market will highlight a new meme coin that will capture the imagination of the community. He also hinted at the creative limits of using animal-themed logos, suggesting the trend may evolve.
Although the recent stock market crash lost both coins, Dogecoin and Shiba Inu, Sun is still positive about the future. He believes the implicit community support and fun nature of meme coins will persist to attract interest and investment in the crypto space.
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