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  • 08 Oct 24

Experts say: what is the secret of memecoins?

Trying to understand the nature of memecoins, what is the essence of this phenomenon? Collected statements about them from three crypto experts.

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nfteu
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Famous degen and billionaire Mark Cuban stated that «every meme token is a rug pool, and people have no reason (incentive) to HODL these shitcoins — but that’s what makes them interesting. In fact, the popular memecoin is the anti-Bitcoin, and that’s what makes it unique. Again, its high volatility makes it a very interesting asset for speculators.

Messari called meme tokens„ the most telling crypto phenomenon in the rate of value destruction since the ICO boom.“Here we can only add that the opposite is also true — in case of luck, capital is made here no less dynamically.


The trader and author of the thematic dashboard on Dune under the nickname Adam calculated the mathematical odds of profitable investment in memecoins — winning at roulette on the riskiest bet per number turned out to be more likely. In other words, it is more profitable to visit a classic offline casino.

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