“While the hype surrounding meme coins may fade, the market itself will not disappear,” the CryptoQuant founder wrote on social media.
CryptoQuant CEO Ki Young Ju recently said that memecoins and the art market share similar valuation mechanisms, with both relying on the power of narrative creation to drive price appreciation.
Ju predicted that the memecoin market would mature over the next five years and won’t disappear or go to zero despite short-term issues like rug pulls and fake tokens.
The CEO compared the economics of the art market to the memecoin market in a Jan. 26 social media post:
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