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Memecoins

Why Memecoins Were the Most Profitable Crypto Exchange of 2024: Ansem and Kelxyz – Ep. 641

TokenTalk Staff

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Why Memecoins Have Been 2024's Most Profitable Crypto Trade: Ansem and Kelxyz - Ep. 641

Memecoins have been the most profitable investment of the year, and these traders believe they still have a lot of potential.

Published on May 7, 2024 at 12:00 EST.

Listen to the episode on Apple Podcasts, Spotify, Pods, Fountain, Covered, Addicted to podcasts, Pocket castings, Casting box, Google Podcasts, Amazon Musicor on your favorite podcast platform.

In this episode of Unchained, memecoin traders Ansem and Kelxyz reveal all about memecoins, discussing what makes them valuable and how they evaluate their investment potential. They also address the criticism and controversies surrounding them, including racism and sexism. (They have a surprising reaction to the latter.) Ansem and Kel argue that memecoins have substance and value, largely because of their popularity and the attention they receive on the Internet.

They also discuss the importance of distribution and virality in the success of a memecoin, how the chain a coin is on affects its value, and give their thoughts on Runes vs. BRC-20s against Solana and Ethereum.

Plus, they talk about their craziest memecoin stories (think: Dogwifhat) and give their views on what they think memecoins will become in the future.

Show highlights:

  • Ansem and Kel’s investment theses around memecoins
  • How Ansem and Kel got into trading memecoins and how they assess their potential
  • Why coin distribution matters and whether tokenomics matters with memecoins
  • How to distinguish memecoins with real or fake interest
  • How memecoins differ across blockchains like Solana, Ethereum, and Bitcoin
  • Ansem and Kel’s responses to memecoin criticism
  • If and how memecoins could become safer for users
  • Kel and Ansem’s surprising reaction to racist and sexist memecoins
  • Ansem’s WIF story and how one of his friends fueled his popularity
  • If Bitcoin is “the original memecoin” and how they define memecoin
  • The future of memecoins and how they think all memes will become coins

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We are the editorial team of TokenTalk, where seriousness meets clarity in cryptocurrency analysis. With a robust team of finance and blockchain technology experts, we are dedicated to meticulously exploring complex crypto markets with detailed assessments and an unbiased approach. Our mission is to democratize access to knowledge of emerging financial technologies, ensuring they are understandable and accessible to all. In every article on TokenTalk, we strive to provide content that not only educates, but also empowers our readers, facilitating their integration into the financial digital age.

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Memecoins

“DOGE is much bigger than D-List celebrity memecoins:” MOTHER and DAD divide the community

TokenTalk Staff

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“DOGE is much bigger than D-List celebrity memecoins:” MOTHER and DAD divide the community
  • Celebrity memecoins like $MOTHER and $DADDY have faced volatility despite community support.
  • Robert Leshner of Superstate recognized the cultural impact of memecoins like Dogecoin.

Social media was lively with discussions around two notable memecoins: Mother Iggy [MOTHER] And Papa Tate [DADDY].

Despite the recent decline in their market value, in which DAD experienced a drop of 9.08% and MOTHER was down 15.54%, interest and support for these coins has not diminished among their followers.

However, many believe that celebrity memecoins have no lasting value and are simply a waste of money. Reflecting on this sentiment, user X (formerly Twitter) legend took X and wrote down,

“Stop wasting your money on memecoins. 99.9% of them will go to 0. Especially celebrities. This happens every cycle. Don’t be stupid. Invest in big pieces and let them roll.

Dogecoin, the king of memecoins?

In a recent episode of the “Unchained” podcast, Robert LeshnerCEO and co-founder of Superstate, shared a nuanced perspective contrasting with Dogecoin [DOGE] with other celebrity memecoins.

Leshner pointed out that Dogecoin uniquely established itself by mocking established cryptocurrencies like Bitcoin [BTC] And Litecoin [LTC]. It has shown surprising longevity and cultural impact in the crypto world.

He added,

“I think Dogecoin, for this reason, has a much greater importance in the societal Wikipedia of crypto than a non-unique, completely continuous c-list and d-list of celebrity coins.”

However, he continues to believe that other memecoins associated with celebrities can still generate attention and speculative interest in the market.

Ethereum vs. Solana Memes

According to a recent guide article published by CoinGeckoTHE Solana [SOL] the network has exceeded the Ethereum [ETH] network by hosting a larger number of celebrity memecoins.

However, despite the rise in popularity of Solana memecoins, a recent study by the Web3 platform — Trust recognized,

“While Solana is benefiting from a recent surge in meme coin activity, Ethereum is the original battleground for some of the most well-known and influential meme tokens. These pioneers paved the way for the meme coin phenomenon and continue to be major players.

This sentiment was further confirmed by AMBCrypto’s analysis of Santiment data, which revealed that Ethereum’s social dominance dominated Solana.

Feeling

Source: Santiment

Despite this significant rise, the current memecoin market appears to lack inherent value and is primarily driven by competition and speculative trading.

Sharing a similar line of thinking, Ethereum co-founder Vitalik Buterin better say it when he said,

“I’m quite unhappy with the ‘celebrity experimentation in this cycle’ so far. “Financialization as a means to an end”, I can respect it if the end is worth it (healthcare, open source software, art, etc.).

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Memecoins

“DOGE is much bigger than D-List celebrity memecoins:” MOTHER and DAD divide the community

TokenTalk Staff

Published

on

“DOGE is much bigger than D-List celebrity memecoins:” MOTHER and DAD divide the community
  • Celebrity memecoins like $MOTHER and $DADDY have faced volatility despite community support.
  • Robert Leshner of Superstate recognized the cultural impact of memecoins like Dogecoin.

Social media was lively with discussions around two notable memecoins: Mother Iggy [MOTHER] And Papa Tate [DADDY].

Despite the recent decline in their market value, in which DAD experienced a drop of 9.08% and MOTHER was down 15.54%, interest and support for these coins has not diminished among their followers.

However, many believe that celebrity memecoins have no lasting value and are simply a waste of money. Reflecting on this sentiment, user X (formerly Twitter) legend took X and wrote down,

“Stop wasting your money on memecoins. 99.9% of them will go to 0. Especially celebrities. This happens every cycle. Don’t be stupid. Invest in big pieces and let them roll.

Dogecoin, the king of memecoins?

In a recent episode of the “Unchained” podcast, Robert LeshnerCEO and co-founder of Superstate, shared a nuanced perspective contrasting with Dogecoin [DOGE] with other celebrity memecoins.

Leshner pointed out that Dogecoin uniquely established itself by mocking established cryptocurrencies like Bitcoin [BTC] And Litecoin [LTC]. It has shown surprising longevity and cultural impact in the crypto world.

He added,

“I think Dogecoin, for this reason, has a much greater importance in the societal Wikipedia of crypto than a non-unique, completely continuous c-list and d-list of celebrity coins.”

However, he continues to believe that other memecoins associated with celebrities can still generate attention and speculative interest in the market.

Ethereum vs. Solana Memes

According to a recent guide article published by CoinGeckoTHE Solana [SOL] the network has exceeded the Ethereum [ETH] network by hosting a larger number of celebrity memecoins.

However, despite the rise in popularity of Solana memecoins, a recent study by the Web3 platform — Trust recognized,

“While Solana is benefiting from a recent surge in meme coin activity, Ethereum is the original battleground for some of the most well-known and influential meme tokens. These pioneers paved the way for the meme coin phenomenon and continue to be major players.

This sentiment was further confirmed by AMBCrypto’s analysis of Santiment data, which revealed that Ethereum’s social dominance dominated Solana.

Feeling

Source: Santiment

Despite this significant rise, the current memecoin market appears to lack inherent value and is primarily driven by competition and speculative trading.

Sharing a similar line of thinking, Ethereum co-founder Vitalik Buterin better say it when he said,

“I’m quite unhappy with the ‘celebrity experimentation in this cycle’ so far. “Financialization as a means to an end”, I can respect it if the end is worth it (healthcare, open source software, art, etc.).

Following: Will Ethereum continue to see green as autonomy increases and whales sell off?

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Memecoins

Boxing Sensation Ryan Garcia Teases Launch of His Own Meme Coin – News Bytes Bitcoin News

TokenTalk Staff

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Boxing Sensation Ryan Garcia Teases Launch of His Own Meme Coin – News Bytes Bitcoin News

https://news.google.com/./articles/CBMiXWh0dHBzOi8vbmV3cy5iaXRjb2luLmNvbS9ib3hpbmctc2Vuc2F0aW9uLXJ5YW4tZ2FyY2lhLXRlYXNlcy10aGUtbGF1bmNoLW9mLWhpcy1vd24tbWVtZS1j b2 luL9IBAA?hl=en-US&gl=US&ceid=US%3Aen

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Memecoins

Galaxy Digital CEO thinks meme pieces have more to offer than laughs

TokenTalk Staff

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Galaxy Digital CEO thinks meme pieces have more to offer than laughs

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Meme pieces, often inspired by Internet jokes or cultural phenomena, have been dismissed by many industry experts due to their perceived lack of usefulness. However, Mike Novogratz, CEO of Galaxy Digital, believes that these meme tokens have a strong narrative that captures investors’ attention beyond simple humor.

“Meme coins – whether you’re a fan or not – have become a cornerstone of the crypto economy. In today’s market, they are one of the most powerful narratives,” Novogratz said in a recent job on X, adding that meme coins on permissionless blockchains have a combined market cap of over $60 billion.

In an accompanying video, Novogratz also outlined two potential ways to profit from coins: one is by choosing memes with humor and the second is by creating memes.

He suggests that successful investors need a “quirky sense of humor” to predict which memes will resonate with people and become successful investments.

The second way is for memecoin creators. Novogratz said meme creators could make big profits by launching their own coins.

He also spoke about his son-in-law’s success with Dogwifhat and Doge. Initially skeptical about investing in memecoins, Novogratz expressed surprise at his son-in-law’s success in simply holding memecoins, suggesting that a well-designed meme can result in financial gain.

“You know Dogwifhat, the first time you see him you laugh, now he’s worth $3 billion,” Novogratz said.

Novogratz’s bullish stance on meme coins is facing resistance from the industry. Commenting on Novogratz’s post, Charlie Silver, CEO of Permission.io, said that meme coins are “just stupid casino chips.” Silver believes that the real foundations of the crypto-economy have yet to be built.

Novogratz’s statements come amid the ongoing controversy surrounding celebrity coins. Many crypto figures have publicly shared their opinions on the movement.

Notably, Vitalik Buterin, co-founder of Ethereum critical recent celebrity coins, such as Iggy Azalea’s Mother Iggy (MOTHER). He argued that projects should prioritize societal value and user engagement over the enrichment of celebrities and early investors.

Despite skepticism from some industry leaders, meme coins like Daddy Tate (DADDY) have shown remarkable performance, rising 218% in the past 24 hours. However, analysts have recently warned of the potential risks of insider trading associated with both MOTHER And DAD.

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