Why Memecoins Were the Most Profitable Crypto Trade of 2024: Ansem and Kelxyz – Ep. 641

Memecoins have been the most profitable investment of the year and these traders believe they still have a lot of potential.

Posted May 7, 2024 at 12pm EST.

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In this episode of Unchained, memecoin traders Ansem and Kelxyz reveal all about memecoins, discussing what makes them valuable and how they evaluate their investment potential. They also address the criticism and controversies that surround them, including racism and sexism. (They have a surprising reaction to the latter.) Ansem and Kel argue that memecoins have substance and value, largely due to their popularity and the attention they receive on the Internet.

They also discuss the importance of distribution and virality in a memecoin’s success, how the chain any coin is on affects its value, and give their opinions on Runes vs. Runes. BRC-20s vs. Solana and Ethereum.

Plus, they talk about their craziest memecoin stories (think: Dogwifhat) and provide their thoughts on what they think memecoins will become in the future.

Show highlights:

• Ansem and Kel’s investment theses around memecoins
• How Ansem and Kel started trading memecoins and how they evaluate their potential
• Why coin distribution matters and whether tokenomics matters with memecoins
• How to discern between memecoins with genuine and fake interest
• How memecoins differ between blockchains like Solana, Ethereum and Bitcoin
• Ansem and Kel’s responses to memecoin criticism
• If and how memecoins could become more secure for users
• Kel and Ansem’s surprising reaction to racist and sexist memecoins
• Ansem’s WIF story and how a friend of his fueled his popularity
• If Bitcoin is “the original memecoin” and how they define memecoin
• The future of memecoins and how they believe all memes will become currencies

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