The main reason a majority of memes do so poorly long term is because they attach themselves to a large meta/narrative
AI/ICM had many memes launch to try and capture the hype of each meta, but they end up PvPing each other to death long term
SPX does and will continue to do so well because they built their own narrative, one of a kind, PvE
This is my main thesis for why XBT will do well long term, it has it’s own specific narrative that no other coin has, a second chance at Bitcoin
Building out a community that has it’s own narrative takes longer to establish, but once it does it has a lifeline that PvP coins can never compete with
It’s a belief in a unique cult, one of a kind
$XBT