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Steady Lads

Steady Lads #33: Dog Coin Mania! w/ Guy Young • Founder at Ethena Labs

Mar 8, 2024
Join the Lads and Guy Young as they discuss the frenzy around dog and meme coins, the Wormhole airdrop, NFT communities, and the latest offerings from Ethena Labs. Stay tuned for a fun round of weekly pasta!
59:57

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Meme coins like Shiba and Doge are driving market sentiment and value, sparking discussions on market cycles and potential growth.
  • The significance of airdrops in engaging communities and generating interest in projects, particularly in off-chain airdrops to NFT communities like Monad.

Deep dives

Meme Coins and Market Sentiment

Meme coins like Shiba and Doge are gaining popularity and value, causing market sentiment to fluctuate. Discussions around the potential growth and timing in the market cycle, with predictions ranging from the fourth to the sixth inning, are emerging. Traders are strategizing their approaches, with some focusing on active day trading and others holding through the cycle. The impact of rates being above zero on the crypto cycle and the potential for a second leg or super cycle in the future are also considered.

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