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 tasks by 4.6x!
Full Story
Seems memecoins have gotten so standard 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 satirically, like YOLO.
…then, just a few 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 the same trajectory.
They began out as jokes centered round humorous animals (largely canine) on Twitter/X, however now the broader crypto house is seeing a weirdly constant quantity of positive factors from memecoins.
And with that has come a rebrand (of types), for a specific sub part of memecoins which VC analysts at the moment are calling ‘tradition cash.’
These are cash that kind explicit sorts of communities round them — often targeted on politics, faith, client items, sports activities, and so on…
And (apparently) these ‘tradition cash’ have outperformed Ethereum Layer 2’s by 33x, and Actual World Asset tasks by 4.6x!
File this one underneath ‘proof that we’re positively residing in a simulation.’
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