Has the Meme Coin Market Reached Its Peak? Renowned Overseas KOLs Engage in Heated Debate on the Future of Meme Coins.

Has the Meme Coin Market Reached Its Peak? Renowned Overseas KOLs Engage in Heated Debate on the Future of Meme Coins.

Has the Meme Coin Market Reached Its Peak? Renowned Overseas KOLs Engage in Heated Debate on the Future of Meme Coins.

“Shorting Meme? Debate on the Future of Meme between Expert Trader Ansem and 500,000 Followers KOL

Written by: Deep Tide TechFlow

Memes have always represented the spirit of retail investors due to their fair distribution and easily understandable cultural references. Making memes rise is the common expectation and desire of crypto enthusiasts.

Of course, since the birth of memes, debates about meme prices and future trends have never ceased. However, if you openly express bearish sentiments towards memes, it is likely to trigger a war.

Last time, the impact of a16z CTO’s discussion on the value of memes with the community has not yet dissipated. Last night, a tweet by @CryptoDonAlt, a trader with 550,000 followers, expressing bearish views on memes sparked a new round of debates:

DonAlt believes that the meme craze has ended, and the meme market is about to experience a major crash. At the same time, he maintains an optimistic attitude towards tokens in other sectors. Lastly, he sarcastically advises meme players who are currently enthusiastic about trading cat and dog-themed memes. Afterwards, DonAlt explained his reasons for being bearish on memes:

1. There are already countless memes.
2. Thousands of new memes appear every day.
3. Many people believe in the theory that GME -> Meme rotation (which I think is stupid).
4. The overall chart does not look good.
5. Market sentiment is heavily biased towards bullishness.

In the current environment where meme speculation has somewhat become a “crypto-politically correct” discourse, DonAlt’s “politically incorrect” comments immediately provoked a chemical reaction among meme players.

Prominent meme expert Ansem (@blknoiz06) quickly counterattacked DonAlt’s bearish views and presented a screenshot of cryptocurrency data from the past year:

Ansem pointed out that Memecoins are the only altcoins that have shown an overall increase in value over the past year. He questioned DonAlt’s decision to be bearish on Memecoins and responded with a sarcastic “Let’s wait and see.”

After the counterattack, Ansem quickly released a new tweet in support of Memecoins: “MemeCoins are currently in an acceleration phase, and in the future, new Memecoins will emerge with values in the billions, just like Pepe, Bonk, and Wif.” Ansem then described this discussion as a “war” using an interesting meme image.

Indeed, this is a battle to defend the value of memes in the hearts of crypto players. Memes show people the effect of wealth, provide more reasons for liquidity and speculation, and are easier to spread. Ansem naturally can’t stand the idea of dismissing all meme categories and openly shorting them.

As a KOL with significant influence in the Memecoin community, Ansem’s firm defense of the value of Memecoins has received a positive response from fans. Some fans even compare DonAlt, who is bearish on memes, to Melvin Capital, which shorted GameStop stocks in early 2021, and compare Ansem, who is maintaining the value of memes, to Keith Gill, the legendary player who rallied retail investors to resist Wall Street’s short-selling of GameStop.

In response to Ansem’s “declaration of war” and the intense backlash from meme players, DonAlt himself responded with a relaxed and cheerful attitude, stating, “To be honest, I’m not afraid of the criticisms from your fans, but I’m more concerned about the little accidents that may happen in life.”

The debate takes a break. It seems that neither side can convince the other, and it will not affect the generation of numerous new memes and the enthusiasm of degens.

After the temporary pause in direct confrontation, DonAlt and Ansem continue to maintain their bearish/bullish positions on Memecoins on their respective social media accounts. DonAlt continues to share his bearish views on $WIF, while Ansem firmly believes that multiple Memecoins with market caps exceeding billions of dollars will emerge.

This is not the first time there has been a long/short debate about Memecoins, and it certainly won’t be the last. The core essence of the argument may not lie in Memecoins themselves, but rather in the spirit of freedom and the potential for crossing classes that they represent, which is what makes them so attractive.

Price fluctuations are part of market laws and should not be overly fixated on short-term price movements. Stay firm if you are optimistic and sell if you are not. This is how trading should be.

For the central figures in this debate, although DonAlt and Ansem firmly stand on different sides, it doesn’t affect their exchange of views in a relaxed and enjoyable manner. As for retail investors, of course, they hope that memes will rise, so standing on Ansem’s side seems more like a choice driven by their positions.

After all, if even memes falter, it could really mean the end of a crypto cycle.

Just like today, DonAlt and Ansem maintain their positions with a little less verbal abuse and a little more “LMAOOOOOO.”

This article is authorized and reprinted from ‘Deep Tide TechFlow’.”