Memecoins are not a temporary trend - co -founder Alon on the future of the cryptom market

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The future of memoins: an analysis by Alon, co -founder of Pumpe

alon, co-founder of pump, recently commented on Memecoins and the current cryptom market in the bankless podcast. He contradicted the widespread opinion that Memecoins are only a temporary trend and made it clear that they have existed in different forms for over a decade. In his argument, he compared memoins with previous market phenomena such as ICOS (initial coin offerings), defi projects and NFTS (non-fungable tokens), since all these speculative assets showed similar market patterns.

The role of pump.fun

alon emphasized that Pump.fun plays an important role in the development of the cryptom market by making participation easier and ensuring a certain level of security. However, he also pointed out that Memecoins are not responsible for the problems in the cryptom market; Rather, this is due to a lack of convincing applications in the industry.

"If you created an L1 or L2 chain years ago and lack it in users or a product market fit, it is no surprise that people are frustrated when their investments lose value," said Alon.

The challenges for Memecoins

In conversation about the challenges for Memecoins, Alon found that the entire cryptom market is fighting with difficulty. He emphasized that the memoins are not excluded either. In his opinion, the longevity of these tokens depends on their ability to develop products that users use every day.

"It does not have to be the same euphoria that we saw in November or January. But if we can develop something that people use consistently, it is a success," he added.

perspectives for the future

When Alon was asked about the future of Memecoins, he expressed the desire to free the sector from the narrative of financial nihilism, in which the trade in memoins is only considered speculative. "People don't just act these tokens for financial profits. It is valuable to draw attention to new projects and create communities," continued Alon.

He admitted that Pump.fun had to set standards for responsible action in order to strengthen the trust of users. "Culture is shaped from top to bottom. A better supervision of trading trends could help to improve the already attacked reputation of the industry," he said.

statistics on Memecoins

Another point that Hoffman mentioned in the discussion was a report by the Chinese blockchain journalist Colin Wu. The latter showed that since the start of Pump.fun on January 14, 2024, over 8.7 million tokens have been created, which together generated sales of $ 600 million. However, only four of these tokens were able to maintain a market capitalization of more than $ 100 million.

Hoffman pointed out that critics argue that memoins were only suitable for short -term profits. "It is easy to criticize memoins when the entire market has dropped by over 50%," he said. He warned against pulling comparisons with the crash of the NFT market and underlined that despite considerable losses, numerous NFT collections continue to have a significant value.

FAZIT

alon emphasizes that Memecoins have been an integral part of the cryptom market for over a decade and it is difficult for him to understand why user behavior should suddenly change. "Why should that suddenly stop? The market will decide which platforms survive, but Memecoins don't disappear," Alon summarized his views.

Overall, alons analysis illuminates the complex and constantly developing sector of the memoins within the cryptom market and suggests that they will continue to play a significant role in the future.