{"id":12058,"date":"2024-03-28T10:06:38","date_gmt":"2024-03-28T08:06:38","guid":{"rendered":"https:\/\/forklog.com\/en\/messari-labels-meme-tokens-as-a-trojan-horse\/"},"modified":"2024-03-28T10:06:38","modified_gmt":"2024-03-28T08:06:38","slug":"messari-labels-meme-tokens-as-a-trojan-horse","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/messari-labels-meme-tokens-as-a-trojan-horse\/","title":{"rendered":"Messari Labels Meme Tokens as a &#8216;Trojan Horse&#8217;"},"content":{"rendered":"<p>Meme coins will remain a vital part of the crypto industry and potentially evolve into a new asset class, according to <a href=\"https:\/\/www.theblock.co\/post\/285233\/memecoins-next-trojan-horse\">The Block<\/a>, citing a statement by Martje Bas, Head of Research at Messari, at the BUIDL Asia conference.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cCryptocurrency is often criticized for lacking use cases for the average person, and this is a fair point. But meme coins have actually been consistently successful in bringing people together on-chain,\u201d she noted.<\/p>\n<\/blockquote>\n<p>According to Bas, these tokens possess numerous attractive factors for investors beyond their entertainment function. She described the current rally as a \u201cfull-scale meme mania,\u201d fueled by the bullish cycle following the approval of spot Bitcoin ETFs.<\/p>\n<p>The Head of Research described new assets as a way to monetize attention, which can easily be turned into a prediction market in the case of tokens based on U.S. election candidates.<\/p>\n<p>Meme coins can also be viewed as a \u201clong-tail speculative service\u201d akin to lottery tickets or penny stocks.<\/p>\n<p>Such assets \u201cunintentionally\u201d introduce newcomers to Web3 to the basics of cryptographic concepts, including decentralized exchanges and crypto wallets, Bas believes. She called meme tokens a \u201cTrojan horse\u201d for the next era of crypto-native consumer applications.<\/p>\n<p>The Messari representative also highlighted other trends: the convergence of digital assets and AI, <span data-descr=\"decentralized physical infrastructure\" class=\"old_tooltip\">DePIN<\/span>, and the scaling of <a href=\"https:\/\/forklog.com\/en\/news\/how-eip-4844-will-affect-ordinary-ethereum-users\">EIP-4844<\/a>.<\/p>\n<p>Earlier, CryptoQuant founder and CEO Ki Young Ju expressed concern over the boom in the meme token segment. The expert believes such projects simply harm the crypto industry.<\/p>\n<p>Experts at Franklin Templeton concluded that meme coins lack \u201cnative\u201d value and are highly volatile.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Meme coins will remain a vital part of the crypto industry and potentially evolve into a new asset class, according to The Block, citing a statement by Martje Bas, Head of Research at Messari, at the BUIDL Asia conference. \u201cCryptocurrency is often criticized for lacking use cases for the average person, and this is a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12057,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1161,1468],"class_list":["post-12058","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-memes","tag-messari"],"aioseo_notices":[],"amp_enabled":true,"views":"32","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/12058","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=12058"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/12058\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/12057"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=12058"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=12058"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=12058"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}