Memecoins are a great way to attract people to crypto, but the jury’s out on whether they’ll maintain their current momentum.
Memecoins have an important role in onboarding people into the crypto, but the bumper returns that have been drawing in new investors might not last, according to crypto executives.
In an Aug. 13 panel discussion at Canada’s Futurists conference covered by Cointelegraph, Jelena Djuric, CEO of Appchain Noble, said that while the memecoin season is still marching forward, she is skeptical of their longevity in the market.
As of Aug. 14, CoinGecko lists 1,673 memecoins, with a combined market cap of around $41 billion.
