The Impact of Meme Culture on the Cryptocurrency Market
New York Mayor Eric Adams recently criticized the impact of meme culture on the cryptocurrency space. He emphasized that "We focus on the long-term value of these technologies for the city and its people, not chasing trends or memes." Adams announced new partnerships with financial companies to enhance the city's role in the digital asset sector. He is committed to bringing industry leaders together to shape the cryptocurrency strategy, ensuring that New York remains a center of innovation.
New York Cryptocurrency Conference on May 20
Adams discussed the potential of cryptocurrency and blockchain in improving financial access for unbanked city residents. In April, he revealed that New York would host a cryptocurrency conference on May 20 to promote innovation and growth in the industry. Adams also announced new partnerships to lead the city's digital asset strategy, from startups to large enterprises.
Perspectives on Memecoin and Support for Cryptocurrency
Despite skepticism about Memecoin, Adams reaffirmed his support for cryptocurrency, reminding everyone that he was the first U.S. mayor to receive his salary in Bitcoin and Ether in 2022. The recent strong recovery of Altcoin and Memecoin has caused the CMC Altcoin Season index to rise to 35, indicating that an altseason may be forming.
The Growth of Altcoin and Memecoin
Analysts predict that Altcoin could increase by up to 40% daily in the next 3 to 6 months. Ethereum has led with a 39.9% increase, while XRP, Solana, and Cardano have increased by about 21%. Memecoins also saw significant changes, with Dogwifhat increasing by 119%, Dogecoin rising by 37%, and Brett increasing by 63%. Bonk and Mog Coin also increased by 37% and 84% respectively over the past week. The list of Memecoins with the potential to increase 10-100 times in the 2025 Bullrun includes Dogwifhat, Degen, Brett, Mubarak, Mog Coin, Snek, Ski Mask Dog, Kendu Inu, Osaka Protocol, and Bobo.
Source: https://tintucbitcoin.com/thi-truong-nyc-phe-phan-memecoin-truoc-hoi-nghi-crypto/
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