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Investor Chris Burniske Explains How Memecoins Will Force Change in Valuation Approach for Other Crypto Projects
Venture capitalist Chris Burniske thinks meme tokens have a purpose that will ultimately lead to the development of fundamentally sound crypto projects.
Burniske tells his 303,400 followers on the social media platform X that he believes the dominance of memecoins in this market cycle is forcing the hand of other crypto projects to innovate and stand out.
According to the crypto veteran, the “forcing function” of memecoins is ultimately a big positive for the digital asset industry.
“Meanwhile, to those worried about ‘infrastructure-and-appcoins,’ everything is a pendulum… 
Memecoins will force ‘infrastructure-and-appcoins’ to show holders and stakers the revenue, aided by a more favorable regulatory environment. Governance tokens will convert into cash flow tokens.”

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A retired teacher who is interested in the crypto space and digital currencies