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Unchained

Why Memecoins Have Been 2024's Most Profitable Crypto Trade: Ansem and Kelxyz - Ep. 641

May 7, 2024
In this lively discussion, memecoin traders Ansem and Kelxyz share their expertise on the lucrative world of memecoins. Ansem is a sharp trader known for his keen insights, while Kelxyz evaluates memecoin potential and market dynamics. They explore why distribution and virality are crucial for success, and how different blockchains impact value. The duo also addresses the controversies surrounding memecoins, including their unexpected reactions to racial and gender issues. With wild stories and future predictions, they reveal the depth of this fascinating crypto niche.
01:19:53

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Podcast summary created with Snipd AI

Quick takeaways

  • Memecoins gain value from internet popularity and attention.
  • Distribution and virality crucial for memecoin success.

Deep dives

Meme Coins and Their Impact on the Crypto Market

Meme coins have become a significant part of the crypto market, with examples like Doge which have seen substantial growth over time. While some criticize meme coins for their speculative nature, they have provided significant returns for many investors. Additionally, the launch of meme coins on different blockchain networks like Solana and Bitcoin has shown varying degrees of success and community engagement.

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