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azeem
@azeem
The biggest meta of 2024 has absolutely been memecoins in web3. Some people are fans. Other people aren't. What I chose to write about for CoinDesk on this one is that regardless of where you stand on memecoins, they're simply not easy money. Especially easy as the way people are made to believe when they think about trading them. Unlike other critics of memecoins, I'm absolutely in favor of people trading them as much as they'd like, and I do believe if you're good about them, they do seem like the easiest way to generate large amounts of personal capital very quickly. In light of all the high FDV, low float infra tokens that have launched this year at bloated valuations that leave no upside for retail, it only made sense that memecoins would take off. A place where retail could earn double and triple digit on their money in a short period of time.
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azeem
@azeem
What I aimed out to do in writing this article though was helping elucidate that successful memecoins in the longer term are actually much harder than they're made to seem by the general public. I'm not saying that the difficulty being unknown is intentional but I do believe people will be better off trading when they understand what it actually takes to plan out a good memecoin launch. Curious what everyone's thougts are after taking a look at this though. https://www.coindesk.com/opinion/2024/12/12/memecoins-are-not-easy-money
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