Most people will say memecoins are unequivocally bad for crypto 🙅♂️ They're wrong. Here are 3 legit reasons why they're essential: 1. They stress test blockchain networks 2. They bring new people onchain 3. They form communities ✅ They stress test blockchain networks For blockchains to succeed, they must mature to support global scale. This means high throughput, low latency, and super cheap. With memecoins exploding on Solana, core engineering teams are hardening the network by fixing networking, spam, and congestion issues. As Anatoly Yakovenko, the co-founder of Solana says, "Blessed are the spammers, for those who will overcome them shall inherit the metaverse" ✅ They bring people onchain Memecoins, like memes, are social by nature. As humans, we want to get the joke and join the social discourse. Memecoins are trojan horses to getting people to download a self-custodial wallet like Phantom, buy crypto, and submit their 1st onchain transaction. Simply put, more people onchain is a good thing. ✅ They create community One of crypto's superpowers is capital formation and social coordination. The nucleus may start as a simple meme, but it has the power to evolve into a community of people all over the world standing behind a shared idea. Take $WIF — it's literally just a dog wif a hat on. Today, it's worth $1.7B and has over 175,000 holders. As a community, they: * Sent a hat into space * Posted 100s of 1000s of memes * Raised $650k to put the dog on the Vegas Sphere * Knitted a giant hat and put it on the iconic NYSE bull statue * And so much more... Memes and the internet are inseparable. Love 'em or hate 'em, memecoins are inseparable from internet money.
This post is more relevant today Great insight 👍
Those reasons apply to most crypto projects honestly, I believe what really set meme coins apart from other crypto project is that is not rocket science to get started, and not hiding the fact that memes are created purely for speculation "Regular" crypto projects promise you to change the world, and then you gamble on that Meme tokens sell to you as a gamble from the get-go no bs
Memecoins = culture and are the NFTs of this cycle, only they'll probably have a longer-lasting impact because people don't get priced out with time
Solana's growth is direct evidence of what you're saying If memecoins weren't contributing+advancing this space, it could be argued that Solana wouldn't have grown as much either. Community is how civilizations and movements evolve. We're just starting here.
Love them or hate them, memecoins bring a much-needed dose of humor and community to the crypto space.Brady O. Werkheiser
Memecoins may not be for everyone, but they're definitely making waves in the crypto world.Brady O. Werkheiser
Any scaling meme coin projects that are looking to hire top talent please reach out to our team at The Crypto Recruiters.
memecoins are fun 😁