He emphasized that speculative assets have always existed in the world of cryptocurrency, but they have carried more than just speculation.
Kramer noted that in the past, similar phenomena, such as DeFi Summer, were also associated with the creation of speculative tokens. However, projects like Uniswap not only provided opportunities for speculation but also introduced real innovations that left a tangible mark on the crypto economy. These projects not only survived the hype but also proved their utility, remaining relevant even after the speculative interest waned.
The expert added that unlike previous phenomena, meme coins are largely community-driven, and their popularity is often fueled by social media and cultural trends. While many view them solely as a tool for quick profit, meme coins have also become a social phenomenon, capable of bringing people together around common ideas, even if they seem humorous or frivolous at first glance.
Kramer also emphasized that meme coins have contributed to the development of cryptocurrency culture, drawing the attention of a broader audience and making digital assets a part of mainstream consciousness. However, he cautioned that, as with any speculative assets, investors should be cautious and aware of the risks associated with such investments.
