MEME Launch Sets Positive Precedent for Coming Blue Chip NFT: Analyst
In a recent tweet, prominent influencer Andrew Kang expressed his enthusiasm for MEME, a rising sensational crypto project that assumes the generic nomenclature of the entire meme coin market.
Kang asserted that the MEME token establishes itself as a noteworthy bell-wether in the memecoin space. The analyst argued that MEME is poised to become the primary name that comes to mind when individuals seek out meme coins.
$MEME doing a great job as bellwether
– Literally will be first name people think of when people look for memecoins
– Founders have cultivated massive global audience with help of 9gag brand
– No roadmap, no promises, just a community whose sole goal is to meme the coin to… https://t.co/VjTgGfMfTB pic.twitter.com/LmBAC2RPsz— Andrew Kang (@Rewkang) November 15, 2023
Furthermore, Kang highlighted the approach employed by MEME’s founders that contributes to the project’s growing success. Specifically, he underscored their success in building a vast global audience, crediting much of the accomplishment to their association with the renowned 9Gag brand.
Moreover, the analyst pointed out MEME’s stand-out approach of having no formal roadmap and refraining from making promises to crypto market participants. According to Kang, the project relies solely on a dedicated community united by the singular goal of “meme-ing” the coin to infinity.
Kang’s positive sentiment towards MEME extends beyond the token itself. He suggested that the success of MEME’s launch sets a positive precedent for other blue chip Non-Fungible Tokens (NFTs) yet to release their coins.
According to data from market tracker CoinGecko, MEME has a market valuation of $283,396,975, ranking as the fifth largest sensational crypto project, despite being barely 30 days old. Crypto market participants traded over half a billion dollars of MEME in the last 24 hours, putting its seven-day cumulative growth at over 110%.
The leading trading platforms that have supported MEME include Binance, BingX, BitVenus, OKX, Bitget, Bybit, KuCoin, and many other prominent exchanges.
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