• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
Expert analysis on the current state of the meme cryptocurrency market

Expert analysis on the current state of the meme cryptocurrency market

user avatar

by Max Nevskyi

2 years ago


Founder of the investment company SharesPro, Denis Astafyev, noted that every day a vast number of new projects emerge on the meme cryptocurrency market, operating on the Solana blockchain. However, in his opinion, the majority of them do not survive. The expert believes that only a few projects will stand out and achieve success.

Astafyev emphasized that key success factors for new meme cryptocurrencies include not only the originality of the idea but also the team's ability to attract investments to promote the project. However, investing in such digital assets carries a high risk due to market instability. According to him, many of these coins are analogs of "lottery tickets," where the chances of success are extremely unpredictable.

The expert stressed that attempting to profit from such "pyramids," knowing that they are doomed to fail in the end, is a misconception. Instead, he recommends considering investments in fundamental cryptocurrencies, backed by technological potential and established innovations, with experienced investors and user bases. In the specialist's opinion, such digital assets represent a more stable and justified investment option with a lower level of risk compared to meme cryptocurrencies.

Expert Michael Gerlis, representing the ecosystem of services for mining emcd, noted that the success of meme cryptocurrencies is driven by PR and marketing. He expressed the opinion that "those whose owners can better organize these processes will succeed." While the expert himself prefers more reliable investment options with a long-term strategy and has a negative attitude towards speculation in the market.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

100xSOON Perpetual Futures Prediction Market Launches with Revolutionary 30-Second Settlements

chest

The SOON platform has launched its 100xSOON perpetual futures prediction market, featuring 30-second trading intervals and automated on-chain settlements.

user avatarBayarjavkhlan Ganbaatar

Ethereum Set to Launch ERC8004 Token Standard for AI Agents

chest

Ethereum is set to deploy ERC8004, a new token standard that provides AI agents with portable onchain identity and reputation tracking.

user avatarMohamed Farouk

UK Advertising Standards Authority Takes Action Against Coinbase Ads

chest

The UK Advertising Standards Authority has banned a series of advertisements from Coinbase for misleading marketing practices.

user avatarElias Mukuru

John Daghita Launches Memecoin LICK Amid Investigation

chest

John Daghita, also known as Lick, launched a memecoin called LICK on the Pumpfun platform amid allegations of stealing over $40 million in cryptocurrency from US government wallets.

user avatarDiego Alvarez

Foundation Ownership Transferred to Blackdove

chest

Ownership of the NFT artist platform Foundation has been transferred to Blackdove to ensure its long-term future under new leadership.

user avatarMaria Fernandez

Peter Brandt Identifies $93,000 as Key Level for Bitcoin Trend Reversal

chest

Legendary trader Peter Brandt identifies $93,000 as a crucial level for Bitcoin to reverse its current downtrend.

user avatarRajesh Kumar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.