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2 months ago
Crypto analyst Murad Mahmudov predicts a "meme coin super cycle" that could reshape the cryptocurrency landscape in the coming years.
What Happened: In a recent podcast, Mahmudov shared his unconventional thesis on why meme coins are poised to outperform traditional crypto assets. He argues that the crypto industry is primarily "an asset production industry and a speculation industry" rather than a technology-first sector.
The analyst believes that meme coins are not just a passing trend but represent a fundamental shift in how retail investors engage with crypto. He states, “I am a community maximalist,” emphasizing the importance of strong, passionate communities in driving token value.
Mahmudov introduces the concept of "cults" in crypto, defining them as "really really strong communities." He explains, "If you don’t make poor people rich or if you don’t make middle class people richer, you don’t have a community."
Mahmudov says that Defi can exist whether a ...
