Venture capitalist Chris Burniske believes meme tokens have the purpose of ultimately leading to the development of fundamentally sound cryptocurrency projects.
Burniske told his 303,400 followers on social media platform
According to a cryptocurrency veteran, Memecoin’s “enforcement feature” is ultimately a huge positive for the digital asset industry.
“Meanwhile, for those who are worried about ‘infrastructure and AppCoin’, it’s all pendulums…
Memecoins will benefit from a more favorable regulatory environment that will force ‘infrastructure and app coins’ to show returns to their holders and stake holders. Governance tokens will be converted to cash flow tokens.”
Burniske predicts that Infrastructure and AppCoin will be valued based on revenue and other financial metrics, similar to how traditional finance (TradFi) investors value stocks.
“Infra and AppCoin, which shows the next bearish bottom due to fundamentals, will begin to compound its value over the cycle with the help of TradFi, which is starting to ‘get’ and work to value crypto assets based on traditional fundamentals. It will. courtship.
With ‘Infrastructure and App Coin’ BTCAlthough it will be less glorious than the sugar-laden memecoin gains, compounding is a hell of a pill for the financially patient.“
Regarding memecoins, Burniske warns that a day of judgment is coming for the hugely popular cryptocurrency sector.
“Because there is no basis, there will be no bottom, just like there is no cap on memecoins. This lesson will be painfully learned in the next bear market.
But a select few, like DOGE, will become household names.”
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