Cryptocurrency expert: ”Meme coin boom is destined to disappear like ICOs and NFTs”

Crypto industry experts say meme coins have played a key role in attracting people to the crypto market, but it's unclear whether the current craze will last.
Appchain Noble CEO Jelena during a panel discussion at the Canadian Futurist Conference
Djuric said that while the meme coin season is still ongoing, he is skeptical about its long-term sustainability in the market.
He said: "Meme coins, like ICOs and NFTs, won't last forever and it will be interesting to see what comes next.
"Because this will inevitably come to an end eventually," he said. According to cryptocurrency analytics platform CoinGecko, the meme coin is currently
The total number of projects has reached 1,673, with a market capitalization of about $41 billion. But Jurik believes meme coins are just a phase in the latest crypto retail craze.
"The former stage, the first stage, was the ICO in 2017, which was the first opportunity for retail investors to make substantial profits," he said, adding, "There is no such opportunity now,
"While there is still a token launch and a Layer 2 and Cosmos Chain launch, there are not nearly as many revenue opportunities as there were before," he added.
The initial coin offering (ICO) boom began in 2017, with approximately $4.9 billion (approximately $721.3 billion) raised.
In 2018, this figure increased to $33.4 billion, but in 2019 it dropped to the $370 million range.
Zurich also explained that one example is non-fungible tokens (NFTs), which became all the rage in 2020 and saw prices soar.
February 21, 2021 Digital artist Mike Winkelmann (Mike
Winkelmann), aka Beeple's NFT work "Everydays: The First 5000
"Days" made history when it sold for $69 million. Currently, the price of this NFT is 6.99 on Coingeco.
ETH is displayed at about $19,000 (about 2.79 million yen). According to CoinMarketCap, the market capitalization of the NFT market also reached a peak of $320 billion (about 47 trillion yen).
As of August 14, it has languished at about $74 billion (about 10.89 trillion yen). It is unclear at this point whether meme coins will disappear like ICOs and NFTs, but asset management
Dean Skurka, CEO of the company WonderFi, said that while meme coins are gaining popularity, platforms must embrace them.
"There's a clear social and community element here," he said.