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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 initiatives by 4.6x!
Full Story
Seems memecoins have gotten so fashionable 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 sarcastically, like YOLO.
…then, a number of 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 analogous trajectory.
They began out as jokes centered round humorous animals (principally canine) on Twitter/X, however now the broader crypto area is seeing a weirdly constant quantity of positive aspects from memecoins.
And with that has come a rebrand (of kinds), for a selected sub part of memecoins which VC analysts are actually calling ‘tradition cash.’
These are cash that type explicit sorts of communities round them — normally targeted on politics, faith, client items, sports activities, and many others…
And (apparently) these ‘tradition cash’ have outperformed Ethereum Layer 2’s by 33x, and Actual World Asset initiatives by 4.6x!
File this one beneath ‘proof that we’re undoubtedly dwelling in a simulation.’
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