{"id":600143,"date":"2024-03-28T11:30:25","date_gmt":"2024-03-28T11:30:25","guid":{"rendered":"https:\/\/wncen.com\/?p=600143"},"modified":"2024-03-28T10:54:21","modified_gmt":"2024-03-28T10:54:21","slug":"meme-coins-next-trojan-horse","status":"publish","type":"post","link":"https:\/\/wncen.com\/meme-coins\/meme-coins-next-trojan-horse\/","title":{"rendered":"Crypto Exec Reveals Why Meme Coins Are The Next \u2018Trojan Horse\u2019 For Crypto Adoption"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Maartje Bus, Vice President of Research at Messari, a prominent crypto market intelligence company, has declared <\/span><span style=\"font-weight: 400\">meme coins<\/span><span style=\"font-weight: 400\"> as the Trojan Horse of the cryptocurrency space. She has highlighted their potential to foster massive adoption and increase engagement within the cryptocurrency space.\u00a0<\/span><\/p>\n<h2>Why Meme Coins Are Crypto\u2019s Trojan Horse For Adoption<\/h2>\n<p><a href=\"https:\/\/x.com\/maartjebus\/status\/19615203?s=46\" rel=\"nofollow\"><span style=\"font-weight: 400\">Speaking<\/span><\/a><span style=\"font-weight: 400\"> at BUIDL Asia, a global developer community in Seoul, South Korea, on Thursday, March 28, Bus gave a presentation on the emerging trends in crypto in 2024. The Messari crypto executive had primarily focused on the <\/span><a href=\"https:\/\/wncen.com\/press-releases\/impact-of-meme-coins-in-2024-which-meme-coin-is-expected-to-net-20x-returns\/\"><span style=\"font-weight: 400\">impact and potential benefits of meme coins<\/span><\/a><span style=\"font-weight: 400\"> in driving adoption within the crypto space.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-whale-6-billion-in-btc\/\">Fifth Largest Bitcoin Whale Moves $6 Billion In BTC, Here\u2019s The Destination<\/a><\/div>\n<p><span style=\"font-weight: 400\">According to Bus, <\/span><a href=\"https:\/\/bitcoinist.com\/meme-coins-winners\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">meme coins have become an integral part of the crypto market<\/span><\/a><span style=\"font-weight: 400\"> and are evolving towards potentially establishing themselves as a distinct asset class. The Messari executive has described these <\/span><a href=\"https:\/\/bitcoinist.com\/meme-coins-are-fun-but-the-real-money-is-made-with-utility-driven-tokens\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">humor themed coins<\/span><\/a><span style=\"font-weight: 400\"> as a \u201cTrojan horse\u201d which could potentially facilitate the entry of new users into the realm of cryptocurrency, effectively boosting adoption.<\/span><\/p>\n<p><span style=\"font-weight: 400\">During her speech, Bus disclosed that the introduction of these coins has successfully <\/span><a href=\"https:\/\/wncen.com\/dogecoin-2\/social-media-storm-gives-dogecoin-14-price-boost-details\/\"><span style=\"font-weight: 400\">attracted the attention of both crypto and non-crypto enthusiasts<\/span><\/a><span style=\"font-weight: 400\">. This is seen in the cryptocurrency\u2019s ability to capture the attention of investors, utilizing its meme-based marketing strategies to fuel engagement while also <\/span><a href=\"https:\/\/bitcoinist.com\/crypto-1-6-million-bsc-meme-coin\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">providing opportunities for massive profitability <\/span><\/a><span style=\"font-weight: 400\">due to its speculative nature.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Bus believes that meme coins could be likened to a long tail speculative service like lottery tickets which <\/span><a href=\"https:\/\/bitcoinist.com\/shiba-inu-investing-meme-coins\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">attract investors seeking high risk, high reward opportunities.<\/span><\/a><span style=\"font-weight: 400\"> Additionally, owing to their relatively low price value, they cater to individuals across various income brackets, who are willing to take speculative bets in the hopes of <\/span><a href=\"https:\/\/bitcoinist.com\/top-3-meme-coins-bull-market\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">securing significant returns<\/span><\/a><span style=\"font-weight: 400\">.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Moreover, according to the Messari executive, meme coins serve as a gateway for newcomers to the Web3 space, exposing them to fundamental crypto concepts like decentralization.\u00a0\u00a0<\/span><\/p>\n<h2>The Growing Allure In Crypto Space<\/h2>\n<p><span style=\"font-weight: 400\">Lately, the <\/span><a href=\"https:\/\/wncen.com\/altcoin\/pepecoin-pepe-rallies-by-42-as-interest-in-memecoins-rises\/\"><span style=\"font-weight: 400\">rise in interest in meme coins<\/span><\/a><span style=\"font-weight: 400\"> has been growing at an exceptional rate, attracting both investors and traders from all over the world. This surge in interest has propelled meme coins in the spotlight, <\/span><a href=\"https:\/\/wncen.com\/news\/meme-coins-market-cap-soar-to-over-54-billion\/\"><span style=\"font-weight: 400\">pushing their prices to unprecedented highs<\/span><\/a><span style=\"font-weight: 400\">.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/bitcoin\/100000-bitcoin-whale-accumulation\/\">The Road To $100,000: Bitcoin Whale Accumulation Explodes<\/a><\/div>\n<p><span style=\"font-weight: 400\">Unlike traditional cryptocurrencies, which are backed by underlying projects and practical use cases, <\/span><a href=\"https:\/\/bitcoinist.com\/solana-meme-coins-myro-wif\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">meme coins<\/span><\/a><span style=\"font-weight: 400\"> derive their value largely from their community and speculative appeal. Additionally, these cryptocurrencies offer a more approachable entry point into the realm of crypto investments, utilizing their affordability and <\/span><a href=\"https:\/\/bitcoinist.com\/meme-coins-shib-pepe-viral\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">susceptibility to social media trends<\/span><\/a><span style=\"font-weight: 400\"> and user sentiments to attract seasoned investors and newcomers alike.\u00a0<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/UWRK77UE\/\" alt=\"Crypto total market cap chart from Tradingview.com (Meme coins)\" width=\"3286\" height=\"1530\"><\/p>\n<pre style=\"text-align: center\">Total market cap at $2.5 trillion | Source: <a href=\"http:\/\/Tradingview.com\" rel=\"nofollow\">Crypto Total Market Cap on Tradingview.com<\/a><\/pre>\n<div class=\"disclaimer-shortcode\">Featured image from Finbold, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Maartje Bus, Vice President of Research at Messari, a prominent crypto market intelligence company, has declared meme coins as the Trojan Horse of the cryptocurrency space. She has highlighted their potential to foster massive adoption and increase engagement within the cryptocurrency space.\u00a0 Why Meme Coins Are Crypto\u2019s Trojan Horse For Adoption Speaking at BUIDL Asia, a global developer community in Seoul, South Korea, on Thursday, March 28, Bus gave a presentation on the emerging trends in crypto in 2024. The Messari crypto executive had primarily focused on the impact and potential benefits of meme coins in driving adoption within the crypto space.\u00a0 Related Reading: Fifth Largest Bitcoin Whale Moves $6 Billion In BTC, Here\u2019s The Destination According to Bus, meme coins have become an integral part of the crypto market and are evolving towards potentially establishing themselves as a distinct asset class. The Messari executive has described these humor themed coins as a \u201cTrojan horse\u201d which could potentially facilitate the entry of new users into the realm of cryptocurrency, effectively boosting adoption. During her speech, Bus disclosed that the introduction of these coins has successfully attracted the attention of both crypto and non-crypto enthusiasts. This is seen in the cryptocurrency\u2019s ability to capture the attention of investors, utilizing its meme-based marketing strategies to fuel engagement while also providing opportunities for massive profitability due to its speculative nature.\u00a0 Bus believes that meme coins could be likened to a long tail speculative service like lottery tickets which attract investors seeking high risk, high reward opportunities. Additionally, owing to their relatively low price value, they cater to individuals across various income brackets, who are willing to take speculative bets in the hopes of securing significant returns.\u00a0 Moreover, according to the Messari executive, meme coins serve as a gateway for newcomers to the Web3 space, exposing them to fundamental crypto concepts like decentralization.\u00a0\u00a0 The Growing Allure In Crypto Space Lately, the rise in interest in meme coins has been growing at an exceptional rate, attracting both investors and traders from all over the world. This surge in interest has propelled meme coins in the spotlight, pushing their prices to unprecedented highs.\u00a0 Related Reading: The Road To $100,000: Bitcoin Whale Accumulation Explodes Unlike traditional cryptocurrencies, which are backed by underlying projects and practical use cases, meme coins derive their value largely from their community and speculative appeal. Additionally, these cryptocurrencies offer a more approachable entry point into the realm of crypto investments, utilizing their affordability and susceptibility to social media trends and user sentiments to attract seasoned investors and newcomers alike.\u00a0 Total market cap at $2.5 trillion | Source: Crypto Total Market Cap on Tradingview.com Featured image from Finbold, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":600165,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[91895],"tags":[6664,91953,91951,91952,14690,84471,89673,83767,89674],"class_list":["post-600143","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-meme-coins","tag-crypto","tag-crypto-exec","tag-crypto-meme-coin","tag-crypto-meme-coins","tag-crypto-news","tag-meme-coin","tag-meme-coin-news","tag-meme-coins","tag-meme-coins-news"],"acf":[],"yoast_head":"\n<title>Crypto Exec Reveals Why Meme Coins Are The Next \u2018Trojan Horse\u2019 For Crypto Adoption<\/title>\n<meta name=\"description\" content=\"Maartje Bus, Vice President of Research at Messari, has declared meme coins as the Trojan Horse of the cryptocurrency space.\" \/>\n<meta name=\"robots\" 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