Andrew Kang: Meme coins are not a zero-sum game, but a new asset class
Andrew Kang, co-founder and partner of the encryption risk investment company Mechanism Capital, wrote that many people compare meme coins to lottery tickets, but meme coins are assets, and the market size may be 100 times larger than the gambling industry. Some also view meme coins as a zero-sum game, which is incorrect. The market will continue to create higher highs and higher lows in various cycles. Over the next decade, the total market value of meme coins will increase. This marks the emergence of a new asset class.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
As tech stocks plummet, Goldman Sachs issued a bullish report on US stocks, but after reading it, people became even more worried...
Goldman Sachs strategist Tony Pasquariello released a bullish report, stating that market breadth is "not as bad as reported." However, the report references the internet bubble twice for comparison. Behind the tactical bullishness lie multiple concerns such as slowing profits, a surge in stock supply, and quarterly crowded positions among the "Magnificent Seven."
Apple (AAPL.US) launches wall-mounted hub HomeView to enter the smart home market; analysts: may generate new income for the services segment
Apple launches a wall-mounted hub to enter the smart home market. Analysts say it may bring new revenue to the services segment, and a paid Siri AI is on the horizon.
U.S. IPO Preview｜Primagrove: Soaring Performance with a 17-Fold Increase, but the $17,000 Cash Pool Raises Concerns
From software outsourcing to integrated software and hardware.
60% of stocks have fallen into a bear market, the seven tech giants are holding up the S&P alone! BTIG: US stocks may be just a "gentle push" away from collapsing
The S&P 500 is just one step away from its all-time high, but under the surface, turbulence is brewing: 60% of its components have already entered a technical bear market, and only 30% have outperformed the index, the lowest since 1991. All of this is being supported solely by the seven major tech giants—which is, in fact, the biggest risk. With crowded positions and the semiconductor sector mirroring the path of the 2000 bubble burst, an accelerated decline could be triggered during the upcoming earnings season at the end of the month. When the market is standing on just one final leg, it doesn't take much force to topple it.
Crypto prices
More
