The meme coin sector has demonstrated significant growth, reaching a capitalization of $79 billion in a short time, prompting differing opinions among experts about the future of this segment of the crypto industry.
Surge in Meme Coin Capitalization
Last week, the market capitalization of meme coins increased by 43%, moving from $55 billion at the end of June to $79 billion. This growth also indicates a renewed interest from retail investors.
Expert Opinions on Meme Coins
Opinions in the crypto community are divided. Xion CEO Anthony Anzalone argues that meme coins undermine the legitimacy of the entire sector, suggesting that the surge indicates a lack of more attractive investment opportunities. In contrast, Neiro community lead S contends that meme coins remain 'the most attractive segment' in crypto, pointing out projects working on new technologies.
Reasons for Growth and Market Outlook
The surge in meme coin capitalization has been driven by presale hype, community momentum, and growing interest in new platforms on Solana. Thus, the sentiment on the market has undoubtedly flipped to a bullish side.
The rise of meme coins raises questions about the future of the crypto industry and whether this segment will bring a wave of fresh ideas and technologies or undermine the foundational principles of legitimacy.
