Lindyness is secondary to belief
A lot of memes are lindy, but people don’t really believe in them. This will lead to underperformance
The peak hype cycle for these already happened. It’s hard to repair sentiment on a coin that’s down 90%+ with a ton of bagholders
Memes resemble NFTs in 2021. There are lindy NFTs, but that doesn’t mean they were good buys
You need to find value and coins that truly inspire belief
And not coins that have already gone parabolic and reached peak attention, but coins that are flying under the radar. These have clear skies to make people believe again
Lindy memes are going to be even stronger IMO. Bullish $FARTCOIN etc
Culmination of:
-Decimation of the trenches/dont expect to see 2024 environment again (like that)
-Fewer strong runners/no more 1 sol and a dream imo
-More of a move to 'value' and $ generating protocols (see ORE)
I'm not saying that onchain is done forever or that there wont be more memes to run. Ofc there will be huge winners in the future.
But I don't think that there will be many runs like we saw like pnut/chillguy/jellyjelly and a bunch of the recent ones with that frequency.
So I think that the established memes like fartcoin, pepe, bonk, etc are all going to be somewhat stronger going forward. People will want a way to express bullishness on memes and there wont be as many newer runners that they can cling to. Let's see
3.29K
13
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.