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Murad’s Speech at TOKEN2049 Sparks Meme Coin Frenzy

TOKEN2049: Murad’s speech fuels a meme coin frenzy as retail investors embrace tokens like $WIF and $GIGA.

3 minOctober 10, 2024October 10, 2024

Highlights:

Murad's TOKEN2049 speech sparked a meme coin surge in 2024's crypto cycle.

Meme coins offer community, excitement, and outperformed most other crypto assets this year.

Meme coins outperform altcoins, attracting retail investors through simplicity and cultural appeal.

Murad’s Speech at TOKEN2049 Sparks Meme Coin Frenzy

Murad’s recent speech at TOKEN2049 has ignited a meme coin frenzy. He boldly claimed that meme coins have already started dominating this crypto cycle. 

 

Investors are now paying close attention as these tokens offer more than just profits. His insights have already pushed meme coins like $SPX and $GIGA to new heights, creating a wave of enthusiasm in the space.

 

Meme Coins Are Leading the Charge 

 

 

Murad opened his speech by stating that the meme coin cycle is already happening, not a future prediction. Data shows that meme coins are outperforming most other crypto assets. 

 

Out of the top 10 performers in 2024, eight are meme coins. Only 43 tokens have beaten Bitcoin this year, and 13 of them are meme coins. This cycle stands apart from others, Murad noted, because assets no longer move up together. 

 

Meme coins offer a unique appeal, they don’t just promise financial gains; they tap into what retail investors truly desire—community, identity, and excitement. "This is not just speculation," Murad declared. “meme coins are culture.”

 

Meme coins vs. Altcoins: A New Era

 

 

Murad dispelled the myth that meme coins lack value beyond speculation, as the above post highlights. He noted that they provide a strong emotional and social connection, they build communities where people feel they belong. 

 

This connection makes them more than just another asset. Investors aren’t just looking for profits—they’re buying into a movement. Some meme coins, like $DOGE and $SHIB, have even developed cult-like followings. 

 

Meme coins directly satisfy retail investors by offering fun, belonging, and community. While altcoins focus on tech advancements, meme coins offer what people crave. 

 

They are growing stronger, while many altcoins struggle to keep up. Murad emphasized that the meme coin market has significant room to grow, especially as it remains much smaller than the broader altcoin market.

 

Looking ahead, Murad pointed out that large unlocks of tech altcoins are coming. Venture capitalists remain cautious about meme coins because supporting them could harm the valuations of traditional altcoins.

 

Murad concluded by saying that most altcoins are just meme coins with added complexity. The entire crypto world revolves around speculation, and meme coins are more honest about that reality. 

 

Tokens like $WIF and $PEPE have shown this, as their gains continue to fuel interest in meme coins. "New, weird, and misunderstood assets are the outperformers," Murad explained. 

 

Murad’s speech has already sparked a powerful rally, proving that meme coins are more than a passing trend. In Murad’s words, “meme coins are simple to understand—and that’s why they will succeed.”

 

 

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