According to BlockBeats, on October 15, CoinList CEO Raghav Gulati shared his thoughts on social media regarding the future of Meme coins. Gulati expressed his fondness for Meme coins but highlighted several key points about their current and future state in the market.
Firstly, Gulati noted that if the industry continues to focus solely on creating Meme coins, the valuation of these coins would remain relatively accurate, and the market would become a player versus player (PvP) environment. He emphasized that the current valuation reflects the nature of the Meme coin market.
Secondly, Gulati predicted a significant increase in the number of tokens, particularly Meme coins. He expects the number of these tokens to grow exponentially, which would lead to a dispersion of attention and liquidity. This means that as more Meme coins are introduced, the market's focus and financial resources will be spread thinner across a larger number of tokens.
Thirdly, Gulati pointed out that the rise in algorithmic curation of financial content, including Meme coins, will influence which tokens gain attention. The algorithms will play a crucial role in determining the distribution of winners in the market, shaping where investors and traders direct their focus.
Lastly, Gulati referred to Bitcoin as the 'king of Meme coins,' suggesting that despite the proliferation of new tokens, Bitcoin remains the most prominent and influential in the Meme coin category.
Miyuki
