After thinking about it for 2 days, it seems inevitable that the ICM meta will stay.
While it still lacks the novelty for me like what I saw for $goat during the Turing test, there is enough skepticism on whether the idea works out (fees/tokenomics/sustainability-wise).
Coupled with skepticism are the willingness for the current builders to further iterate and improve on current weaknesses which is an important factor that was also reflected in the AI meta.
Which leads me to think that the meta stays. The leader $launchcoin is pretty clear whereas the apps for me, not so much. Current apps are still a bit lame for me, just a lot of copycat ideas (reminds me of the yapping agents before the useful ones eventually came out).
It could be worth waiting for the better apps in this case. Also like what we saw for AI, other infras eventually came out to compete with virtuals which was the leader, such as ai16z, arc, zerebro. To me it means that looking for better iterations of launchpads for ICM is worth a shot. Picking $buidl for this because vibe coding is very trendy irl now, and perhaps better encompasses the idea of ICM since anybody can create their ICM and not just prev web 2 founders.
I also think that it is still worthwhile to find the fartcoin of this meta, a meme that encompasses the absurdity, controversial but I choose $startup. There’s others like Gooncoin and unicorn which are worth a look too, tbh not much to reason for this, I can resonate with the product is the market cap thesis. It depends if you think it makes sense as well.
What are your picks for ICM? Perhaps this is all a fad and I just delete everything hahaha
been a chaotic week, onchain especially.
good to take the time to evaluate this meta and see which coins are deserving to stay.
feel free to shill bags
25
14.25K
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.