Something I think that's important to identify is that memecoins are extremely risky but can give extremely high rewards. This kind of dynamic brings in a lot of people, mostly young people, looking to make a lot of money very quickly without much effort. The people who do this are essentially gambling, although memecoins themselves are not a gamble as you can do your research and actually get good at trading memecoins.
A sub-part of memecoins I'm keeping my eye on are "Pure Belief Assets".
Pure Belief Assets are projects / tokens driven by community and their common belief in the narrative of a token. PBAs differ from memecoins by not being a quick money grab and a focus on a belief rather than, humor or whatever is most popular at the time.
I think these are something to keep an eye on because beliefs can be very powerful and influential. They may be more than beliefs, we could see ideologies be manifested through PBAs. Whatever the case, the point is, these kinds of projects and communities can facilitate powerful beliefs and that is the fuel that would drive up the project. The belief itself.
It's interesting.
