(ENG)The Memecoin Supercycle: TOKEN2049 Murad Mahmudov

In 2024, one of the most notable trends in the cryptocurrency market is the rise of the "Memecoin Supercycle."

 

At TOKEN2049 Singapore, Murad Mahmudov discussed why memecoins are outperforming other cryptocurrencies and why this trend is expected to continue.

 

Unlike traditional cryptocurrencies, memecoins attract strong support through community and emotional connections, showcasing a new dynamic that goes beyond just technology.

 

In this regard,

I introduce the program titled "Murad Mahmudov - The Memecoin Supercycle - TOKEN2049 Singapore 2024" from TOKEN2049 in October 2024.

Reference: Youtube channel "TOKEN2049"

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1. Memecoin Supercycle (00:07 - 00:38):

Murad Mahmudov discusses the ongoing "memecoin supercycle," emphasizing that meme coins are already dominating the crypto space in 2024, outperforming other categories. Memecoins like Doge, Shiba, Pepe, and new tokens have shown significant growth, signaling a shift in market behavior.

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2. Overproduction of Tokens and Retail as Exit Liquidity (01:17 - 03:04):

Mahmudov highlights the overproduction of tokens in 2024, with centralized exchanges listing altcoins at extremely high valuations. This benefits early investors, while retail investors often act as exit liquidity, buying tokens at inflated prices.

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3. Tokenized Communities (05:51 - 06:50):

He explains that memecoins are tokenized communities, offering more than just technology. Their appeal lies in fostering a sense of belonging, fun, and hope, making them more attractive to retail investors than traditional altcoins.

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4. Cultural and Economic Shifts Driving Memecoins (08:18 - 08:52):

External factors like inflation, economic inequality, and societal crises are making memecoins more appealing. Memecoins provide retail investors with opportunities for significant gains, emotional connection, and a sense of community.

 

5. Predictions for Memecoins (20:21):

Mahmudov predicts a $1 trillion market cap for memecoins, with some reaching valuations of over $100 billion. He believes that memecoins will continue to outperform utility-based and VC-backed altcoins in the future.

 

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The memecoin supercycle is not just a passing trend.

 

It signifies a fundamental shift in the cryptocurrency market, where community and emotional bonds are emerging as key drivers of growth.

 

As Mahmudov highlighted, memecoins go beyond technology, offering a sense of belonging, fun, and hope for success.

 

These factors combined indicate that memecoins will continue to grow and attract more attention from investors in the future. We must recognize that memecoins are not just speculative assets but represent a new form of financial culture.