Degen

I think one of the biggest challenges token launchers like Clanker, wow and dream will need to face is prolonged winners that prove these tokens have a  lifespan greater than the first 48 hours they exist.

PumpFun really caught on cause everyone believed the tokens could go to 1B+ and they actually did (GOAT, MOODENG, PNUT, CHILLGUY etc).

This almost made up for the million other tokens that went to 0 cause everyone saw what was possible.

My guess is Base tokens have an opportunity to grow more programmatically - whether that be from buybacks using swap fees, staking or some other onchain variables.

I think people grow tired of pvping 1m cap tokens pretty quickly and we need more sustainable long-term bets to emerge for the underlying roulette to keep degens engaged

Onchain is the new online - FID 206 -  cooprecords.xyz

yes, any model is basically unproven on such a short time span. wouldn't make any big claims, can only share my thesis

but I see inklings that winners can be identified, sustained 

I would also say: at the level you're at, you probably don't want to play in microcaps. but most users prefer lower market cap coins