Although you can definitely get good at trading memecoins, most people chase fast money and get caught in by the "easy money". these people are essentially gambling.
Gambling will always be around and has been around for probably a very long time.
I think there are 2 futures we could see in this, or they could even intertwine.
1. Chasing fast wins with memecoins will get more and more popular with younger generation as hard-work isn't as rewarding anymore, and the algorithms push young people to gamble. polymarket, sports bets, and gambling have all gotten popular in the past 3 years - memecoins could follow as it is similar in the belief that you will "win easy money" and "create generational wealth" and how could you not think that when you see people winning? the truth is, without proper research and understanding - you are the victim and product of ruggers and scammers.
2. Pure Belief Assets, memecoins that rely purely on the conviction of the community and faith in the narrative. the communities that will win here are ones that have stronger narratives that challenge current standards and systems, this narrative could also draw in people outside of memecoins. the narrative is the most important part to me, as that is the cultural aspect to a Pure Belief Asset. Memecoins are built on culture - what's funny, what's known, and what's popular. Pure Belief Assets have the opportunity to build narratives that are outside of memes, narratives that can challenge the way we think and understand. 2 communities that describe themselves this way are SPX6900 and 401jK. I'll be watching these 2.
Personally, I am interested in seeing what these communities can achieve.
