A representative from Messari stated that meme coins have become a kind of “Trojan horse” for the adoption of crypto assets. According to the company, these coins are an important part of the market. Messari anticipates that meme coins may transform into a separate asset class in the future.
Meme coins are considered an essential part of the digital asset market, according to Messari’s Vice President of Research, Martie Bus. In her view, these coins have become a unique “Trojan horse” facilitating better penetration of the crypto industry into the masses, as reported by The Block.
Experts believe meme coins can introduce a broad audience to the world of digital assets. Their cultural component garners significant attention, which naturally increases overall interest in the industry, emphasizes Bus.
“Cryptocurrency is often criticized for lacking use cases for the average person, and this is a fair point. However, meme coins have consistently succeeded in bringing people together online,” stated the Vice President of Messari.
Bus claims that memes serve as a means of monetizing attention, and when it comes to tokens based on them, it’s easy to build a prediction market around them. She also compared them to lotteries or penny stocks.
Due to their nature, meme coins introduce users to various cryptocurrency concepts—decentralized applications, wallets, and various Web3 services, according to Bus.
She believes that such coins will continue to be an important part of the industry. Furthermore, she thinks they have the potential to transform into a separate asset class.
Previously, analysts at investment firm Franklin Templeton published a report on meme coins. They concluded that this asset category is closely related to native networks and represents a unique product.
As a reminder, we reported that the Arbitrum community proposed creating a meme coin fund.