Memecoins feel like they gotten to the same place that nfts have arrived at
Speculation has mostly dried up and money multipliers are less common
At the end of the 2021 nft cycle celebrities and people of influence were not able to sell out collections like they used to
The right tweet or the right headline would used to sell out collections and run the price to insane amounts of eth
Recently we had Mr Beast and Elon two of the worlds most famous and well known figure heads not able to push tokens past a certain market cap
Token price did increase but after 15-20 minutes they dumped and did not sustain obviously not
Terrible sign that even their influence has diminishing returns
Its a great sign that the space is maturing in every sub niche in my opinion
Whats next?
We find the next great sub niche to speculate on
Personally trading InfoFi looks fun and like it will catch a wave at some point
Have seen some of it on the timeline recently: being able to bet on mindshare increase + decrease
So far i have only seen trade options for brands but would be fun to bet on creators or entire commuuntities