Crypto Proponents Share the Key to Mass Adoption for Memecoins Like Dogecoin and Shiba Inu
Ki Young Ju, founder and CEO of On-chain analytical platform CyproQuant, is convinced that meme coins can find order and become less chaotic. He made this statement in a post he shared on X, responding to meme coin analyst Murad Mahmudovs predictions.
Murad Mahmudov, a popular meme coin analyst, highlighted the relevance of meme coins in the broader crypto market and made long-term bullish predictions at the Token2049 Crypto event held in Singapore.
Mahmudov predicted that meme coins, currently valued at $40 billion, will hit $1 trillion in market cap valuation. The analyst also shared that more than 10 meme coins will attain a market cap value exceeding $10 billion.
In response, Ki Young Ju said that meme coins could boost their relevance by solving social problems, and as a result, their asset status might elevate. Ju sees donations as the pathway for meme coins to strengthen their significance across the broader cryptocurrency market.
He added that donations are the most relative path to order, and investors, even conservatives, will be more inclined to invest if their investments feel like a donation.
The Crypto proponent shared his interest in purchasing a meme coin associated with World Vision, a Christian nonprofit organization.
Ethereums co-founder weighs in on Memecoins and crypto donations
Vitalik Buterin, the co-founder of Ethereum, made similar statements about meme coins. Buterin, who stated that meme coin donations have significance, made some donations to charity organizations using meme coins.
In a recent tweet, Buterin disclosed that he donated meme coins to an anti-airborne disease tech after receiving 10 billion worth of MooDeng as a gift. Additionally, he donated the bull tokens that were gifted to him. Buterin suggested that a community-focused DAO be created to strengthen the meme coin donation process.
Ive said before that I think the best thing for meme coins is if they can be maximally positive-sum for the world, so its great to see moments when that actually happens! Buterin wrote.
At report time, the market recorded a 1.69% increase in total market cap value over the last day, bringing the global cryptocurrency market cap to $2.13 trillion. Leading meme coins like Dogecoin and Shiba Inu collectively lost 10% of gains within 24 hours. Both are trading at $0.1074 and $0.00001719, respectively.
Text source: ZyCrypto
