How To Legitimize Meme Coins
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One of many business huge canine, the Avalanche Basis, has simply introduced it’s shopping for up thousands and thousands of {dollars} price of meme cash.
Why? ‘For the tradition.’
It’s fairly nuts.
That mentioned, meme cash have an attention-grabbing dichotomy within the Web3 house…
On one hand, they convey in a ton of latest customers and visitors. However, on the opposite, they’re extraordinarily risky and sometimes fueled by pure hype, with no actual utility.
So then why are we unusually enthusiastic about this?
Okay, hear us out…
Keep in mind the present Scared Straight – the place mother and father would ship their mis-behaving children to go to jail, and have them ‘scared straight’?
Effectively, to us, seeing meme cash embraced by a serious venture like Avalanche, feels akin to these mis-behaving children, visiting jail.
You modify their atmosphere → you modify the way in which they behave → you modify the way in which the remainder of the world sees them.
Take Dogecoin for instance: it was created as a joke, however grew to become increasingly more resilient because it was endorsed by increasingly more folks over time.
And it appears like that is the trajectory Avalanche needs to set for different meme cash.
The muse plans on buying cash that attain sure requirements and expectations, however are additionally seen as culturally related.
It’s bizarre. However we like bizarre!
