CryptoQuant CEO Ki Young Ju recently compared memecoins to the art market, emphasizing how both rely on narratives to establish value.
Ju believes the memecoin market will continue to grow, despite its speculative nature, and could mature over the next few years.
Drawing a parallel to the art world, Ju argued that both markets legitimize value through storytelling. He suggested that if memecoins are deemed scams, the same logic would apply to art, given that both markets are driven by perception rather than intrinsic value.
Memecoins, including Dogecoin, have gained massive attention, with the sector now valued at over $100 billion. The recent launch of the TRUMP token has further boosted interest, reaching a market cap of $71 billion within 48 hours. A survey revealed that many of the buyers were new to crypto, highlighting the growing appeal of memecoins.
The token’s rise has sparked legal debates, with some questioning its potential conflicts of interest, while others defend it as a collectible, not a financial asset. This ongoing debate reflects the shifting landscape of the crypto market, with memecoins continuing to capture the spotlight.
The U.S. Department of Justice has sentenced Dwayne Golden, 57, of Pennsylvania to 97 months in prison for orchestrating a fraudulent crypto investment scheme that stole over $40 million from investors.
Snorter Token ($SNORT) is a new meme coin and utility token designed to enhance crypto trading with its Telegram-native trading bot, Snorter Bot. This bot is equipped with sniping capabilities, copy trading, and swap functionalities, offering traders the ability to profit from the volatile crypto markets. As the presale has garnered significant attention, raising over […]
According to a new report from CryptoQuant, recent Binance netflow data reveals a clear divergence in altcoin behavior — offering insights into which tokens may be poised for upside and which could face near-term sell pressure.
Cryptocurrency analysis firm Santiment has revealed the words that have attracted the most attention in the cryptocurrency community in the last 24 hours.