JAKARTA – The well-known figure in the world of meme coins, Murod Mahmudov, expressed an interesting point of view on meme coins, aka memecoin. In a recent interview on the Wu Blockchain YouTube channel uploaded on November 11, 2024. Murad Mahmudov claims that although memecoin is generally known as a speculative and volatile asset, there are a number of tokens backed by a strong community that can survive in the long term. term, like Dogecoin.
Mahmudov explained that the strength of the community is the main key that can make memecoin worthy of consideration as a long-term investment. He advised investors to be more careful in choosing memecoins with strong community support, and to consider selling part of their holdings by the end of 2025 or early 2026. According to him, memecoins that can last a long time are usually backed by diamonds. committed hands or investors who do not easily sell their assets at a time when the market is volatile.
Mahmudov also pointed out that global economic factors such as inflation and global monetary policy have a greater influence on the memecoin market than certain political events, such as the US elections. Economic uncertainty, he said, often encourages interest in crypto, including memecoin, as it is seen as a potential investment alternative.
Additionally, Mahmudov highlighted the importance of crypto wallet transparency for memecoin investors. With publicly accessible wallets, token owners can show their long-term commitment, increasing community trust.
In terms of the blockchain ecosystem, it examines the future of memecoins supporting multi-chain access. Solana was chosen for its low speed and cost, but Ethereum remains relevant for long-term development. Mahmudov also expects an increase in the number of memecoin users from Asia, particularly China, Korea and Japan, by early 2025, which could strengthen the global memecoin market.
Previously, Murad Mahmudov expressed his views regarding memecoin during the Token 2049 event held in Singapore some time ago. Murad predicts that there will be a memecoin supercycle in the near future due to a greater influx of funds than before. This fund comes from middle class circles in different countries who wish to leave their social class.
“Stop trading and HODL. Start believing in something (memes with a strong community), although most memes are just pumps and dumps,” Murad said. I don’t focus on trading, nor on gaming, but I focus on coins that can be held for at least a year.
Murad added that investors who invest in memecoins are not only investing in the coins, but in their strong communities. According to him, a strong community only resides in memecoins. Therefore, he advised coin enthusiasts to become investors instead of traders.
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