Shiba

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Dogecoin

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<p>The rise of meme cryptos sparks divergent opinions in the financial world. Some see these altcoins as a speculative bubble, while others, like Mike Novogratz, discern real added value for the crypto industry.</p>
<h2 id="h-memecoins-a-pillar-of-the-crypto-economy-according-to-mike-novogratz">Memecoins: A Pillar of the Crypto Economy According to Mike Novogratz</h2>
<p>Recently, Vitalik Buterin, the co-founder of Ethereum, also drew attention to memecoins, but with <a href="https://www.cointribune.com/en/crypto-vitalik-buterins-warning-against-memecoins/" target="_blank" rel="noopener noreferrer nofollow">a tone of alarm</a>. He is concerned about the excesses and risks associated with these tokens, highlighting the need for increased regulation.</p>
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<p>This has not stopped Novogratz, founder and CEO of Galaxy Digital, from remaining optimistic, stating that <strong>altcoins like Dogecoin and Shiba Inu continue to dominate the market</strong> with impressive market capitalization.</p>
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   Intervention on memecoins – Source: <a href="https://x.com/novogratz/status/1800945105492177352" target="_blank" rel="noopener noreferrer nofollow">Mike Novogratz (X)</a>
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<p>According to this prominent crypto personality, <strong>the memecoins market represents over 60 billion dollars</strong>. Tokens like Dogwifhat (WIF), based on Solana, testify to the phenomenal growth of this asset class, reaching a market capitalization of over 3 billion dollars.</p>
<p>Mike Novogratz is adamant: <strong>memecoins are here to stay</strong>. He sees them as <strong>a cornerstone of the modern cryptographic economy</strong>.</p>
<p>“<em>Memecoins – whether one is a fan or not – have become a cornerstone of the cryptocurrency economy</em>,” he declared.</p>
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<p>For Novogratz, the survival and evolution of these meme cryptos are unquestionable. He often cites the example of <strong>his own son-in-law, who made a fortune by investing in these assets</strong>.</p>
<h2 id="h-a-transformation-underway">A Transformation Underway</h2>
<p>Memecoins <strong>are no longer just fun tokens</strong>. They are evolving into currencies with unique utilities, notes <a href="https://u.today/mike-novogratz-says-meme-coins-are-good-for-economy" target="_blank" rel="noopener noreferrer nofollow">U°Today</a>.</p>
<p><strong>Shiba Inu</strong>, for example, has integrated various functionalities, becoming a viable payment method, with its own domain name service and layer 2 scaling solution, <a href="https://www.cointribune.com/en/shibarium-after-the-hard-fork-the-boom-of-the-shib-crypto/" target="_blank" rel="noopener noreferrer nofollow">Shibarium</a>.</p> 
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<p><strong>Floki</strong>, another rapidly expanding memecoin, aims to capture a significant market share in tokenization through initiatives like TokenFi.</p>
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<p>These transformations show that memecoins are well-established in the crypto economy. <strong>A collapse of this ecosystem now seems unlikely</strong> due to their deep integration and constantly evolving utility.</p>
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<p>In summary, memecoins continue to spark enthusiasm among investors and experts, confirming their place in the modern financial landscape despite the <a href="https://www.cointribune.com/en/crypto-investing-in-memecoins-a-risky-adventure/" target="_blank" rel="noopener noreferrer nofollow">risks they represent</a>.</p>

Mike Novogratz: Memecoins, a Crypto Godsend

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