The members of the cryptographic community have expressed contradictory views of the overvoltage of the same, some celebrating the boom in the market and others calling it a regression.
The Memecoin sector increased to $ 72 billion in July, up 29% compared to a market capitalization of $ 55 billion on June 30. Behind the rally was a mixture of media flocking of the same, community dynamics and a new launchpad same has won ground on Solana.
Friday, the market capitalization even increased further, culminating at $ 79 billion. This represented an increase of 43% of its valuation at the end of June. At the time of the drafting of this document, the market capitalization even fell slightly at 78.81 billion dollars.
While retail investors are impatient to overcome the wave and the figures are catchy, the industry leaders are divided on what the memecoin resurgence means for the wider cryptography ecosystem.
Exec says that same destroys the reputation of crypto
For manufacturers like Anthony Anzalone, the founder and CEO of the Network Xion Blockchain, the same manner is less a celebration and the more a symptom of deeper problems in crypto.
Anzalone told Cointelegraph that the same was doing a “phenomenal work to destroy reputation work that many manufacturers have devoted to the legitimization of this industry”.
He said that overvoltage with market capitalization was not correlated with the use of cryptography for ordinary people who materialize.
Anzalone sees a reverse correlation between the success of the industry and the market capitalization of the same sector.
“If anything, I see a reverse correlation between the success of this industry and the same market capitalization because it indicates that capital has nowhere to flow,” Anzalone told Cointelegraph.
Even “the most attractive” segment
On the other hand, S, the leader of the pseudonym community of Neiro Mecoin, pleaded for the same, claiming that the sector remains the most attractive part of the cryptographic space.
He told Cintelegraph that the same projects had shown signs of maturity in space. S underted projects such as basswood penguins, Floki and Neiro, saying that they “build new technologies”.
S also told Cintelegraph: “Definitely, the same is a very crypto-native category, so as soon as there are signs of positivity on the market, warriors in trenches and the same aficionados rush to deploy capital.”
S described Memecoins as “hot, marketable and easy to understand”. The head of the same, said that the asset class was an antithesis of “Tokenomics projects compatible with VC” which dominate the crypto.
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The co-founder and CEO of Mercuryo, Petr Kozyakov, told Cintelegraph that feeling remains a key engine on the cryptographic markets.
He said that overvoltage could be awarded to the recent offer of initial pump parts which sold $ 500 million in minutes, the same accessibility to retail and Bitcoin (BTC) reaching a new record of all time.
He said that despite people’s opinions on the same, the asset class has become anchored in cryptographic culture.
“Whatever your point of view on these tokens, they managed to obtain an army of faithful disciples who greatly appreciate participating in their trip,” Kozyakov told Cointelegraph.
While Kozyakov has refrained from predicting the same, he said that the atmosphere surrounding memecoins “undoubtedly returned to the bullish side”.
https://www.youtube.com/watch?v=gpwmrogcvlc
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