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TL;DR
‘Tradition cash’ are a brand new sub-genre of meme cash, which have outperformed Ethereum Layer 2’s by 33x, and Actual World Asset tasks by 4.6x!
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Seems memecoins have gotten so standard that they now have their very own sub-genres…
(A few of that are VC endorsed — which is one thing we by no means thought we’d say with a straight face).
Right here’s the gist of what’s taking place:
Have you ever ever mentioned a slang phrase mockingly, like YOLO.
…then, just a few weeks later, you’re nonetheless utilizing it however all of the irony has run naked and it’s simply one thing you say now?
Memecoins are following an identical trajectory.
They began out as jokes centered round humorous animals (largely canine) on Twitter/X, however now the broader crypto house is seeing a weirdly constant quantity of positive aspects from memecoins.
And with that has come a rebrand (of kinds), for a specific sub part of memecoins which VC analysts are actually calling ‘tradition cash.’
These are cash that type specific sorts of communities round them — often centered on politics, faith, shopper items, sports activities, and many others…
And (apparently) these ‘tradition cash’ have outperformed Ethereum Layer 2’s by 33x, and Actual World Asset tasks by 4.6x!
File this one underneath ‘proof that we’re positively residing in a simulation.’
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