“Degens” (high-risk DeFi traders) will most certainly be selecting meme coins correct because there are too many narratives combating for attention from retail beautiful now. No topic all its drawbacks, the meme cryptocurrency segment stays a “stress-free and simple” shortcut, pseudonymous DeFi researcher @DefiIgnas says.
“Degens opt for uncomplicated and stress-free”: Meme coins aloof beat diversified narratives
In Q4, 2024, the altcoin segment becomes uneasy to preserve up with as fresh promising narratives are taking medications here and there. Ethereum’s Layer 2 scaling networks, AI meme cryptos, BTCFi are some of them, seasoned cryptocurrency researcher who goes by @DefiIgnas on X says.
Feeling overwhelmed as crypto has by no methodology been extra sophisticated to preserve up with.
– Ethereum L2s
– AI memecoins
– BTCfi: Runes & BTC L2s
– RWAs
– Novel stables & DeFi primitives
– Prediction markets…With so many sectors combating for attention, no wonder degens opt for uncomplicated & stress-free:…
— Ignas | DeFi (@DefiIgnas) October 25, 2024
On-chain true-world assets, fresh stablecoins and fresh DeFi primitives as properly as decentralized prediction markets are moreover within the spotlight for the crypto target audience.
As such, all these narratives change into too sophisticated to be neatly studied. That is what is going to most certainly be pushing “degens” in direction of meme coins.
As covered by U.Today time previously, @DefiIgnas indicated the disruptive likely of tokenized RWAs in early 2023.
Furthermore, the researcher points out some questions altcoin holders would possibly presumably also aloof quiz while managing their portfolio. The ensures of L2 avenue maps, advantages and dangers of BTCFi infrastructure growth, designate-fresh DeFi primitives need to be studied alongside with tokenomic designs of likely meme coins for investing.
AI meme coin scene highlighted by analyst
Specializing in a single segment or trying to quilt numerous narratives are two ways to come the knowing of what’s happening in crypto beautiful now, he opined.
For my fragment, he goes to be studying the AI meme coin meta-story this weekend. In the closing seven days, AI-led meme coin Goatseus Maximus (GOAT) added 72% amid the anemic performance of the crypto market.
First AI-generated meme coins esteem TURBO possess already went through some euphoria phases this three hundred and sixty five days. Alternatively, GOAT is the first one who managed to hit a $863 million valuation and jump into the tip 75 perfect cryptocurrencies.
