Murad's "The Super Cycle of Memecoin". I have recommended this video to several friends. Here is a summary of the key points. What meme coins are you still holding?

1. The meme coin super cycle has arrived

Since the beginning of the year, meme coins have outperformed all other major cryptocurrency categories. Among the 43 mainstream currencies that have outperformed BTC this year, meme also accounts for the vast majority.

2. The rise of meme coins is a "vampire attack" on VC coins

Both meme coins and altcoins are selling tokens, but meme coins are more pure. The success factors of meme coins have nothing to do with technology, but with community, hype and narrative. The meme token is the product of this project, a tokenized community. Just like playing at different gambling tables, retail investors are gradually inclined to open their own tables rather than betting on the tables set by VC.

3. Factors driving the price of meme coins

Including community participation, perceived maximum returns, token distribution, attention, fairness, organic price discovery, and community-driven.

Meme coins are evolving into small religions. The best meme coins have fanatical followers who provide free labor for the token and drive its long-term success.

4. The problem of altcoins and the potential of memes

Currently, the total market value of mainstream memes is about 8B, while the unlocked market value of altcoins in the next five years is 150B. Murad speculates that memes will continue to outperform altcoins in the future. It is expected that the market value of meme coins will reach 1 trillion US dollars, and the market value of the top two meme coins will exceed 100 billion US dollars.

5. About PVP and PVE

The pvp war triggered by pumpfun focuses more on transactions, thus giving birth to a large number of conspiracy groups and profiteers, while more sustainable PVE will focus on community culture and emphasize hodl. There are many traditional web2 cultures, such as Marvel, Apple, and Tesla, which can also be well formed and developed in web3.

6. Several predictions

Memecoin will account for more than 10% of the entire crypto market;

At least two memes will reach a market value of 100b; 10+ will reach a market value of 1b (now 1);

Institutions (tradfi and VC) will buy more memecoins (some are already doing so)