Post
Topic
Board Altcoin Discussion
Re: How did your portfolio do in the first part of the year?
by
o48o
on 16/07/2024, 09:31:55 UTC
Hey mates, good day. We've reached the second half of the year—how are your portfolios doing? Are they underperforming or overperforming?

Here's an analysis from Forbes on how some memes/altcoins performed. https://www.forbes.com/sites/dereksaul/2024/07/04/these-meme-coins-outperformed-bitcoin-in-2024-first-halfs-600-billion-crypto-rally/. What's your take on this?
Well, i am not surprised. Although most altcoins that are rising are beating bitcoin because gap in their marketcap is just huge. And meme tokens are what newcomers and people who are aping in are looking for.

What i find funny is that at some point, institutional investors are coming for meme tokens, and probably not only just for mature and established meme tokens, but that they will legitimate the whole meme industry. And this is really interesting point in history that future generations are trying to wrap their head around, study and explain. It almost feel like end times of capitalism, when it turns to parody of itself.