Memecoins Are the 'Highest Risk-Return' Crypto Play Right Now, Say McCann and Ansem
Constructing an investment portfolio is often said to be mostly a science and partly an art. If Joe McCann, founder of digital asset investment
Digital asset investment firm founder Joe McCann and crypto trader Ansem both believe that memecoins should be included in any digital asset investor’s portfolio, especially following Wednesday’s U.S. Federal Reserve announcement of a 50 basis point cut in interest rates.
During a panel at this year’s Token2049 crypto conference in Singapore on Thursday, McCann told conference attendees to expect more liquidity to come into the market as a result of the rate cut.
“The reality is the Federal Reserve and the central banks are going to be printing money … [which is] going to allow people to go further out on the risk curve,” McCann said. “I think having exposure to memecoins is the highest risk-return you could possibly have in a portfolio.”
In a similar vein, Ansem argued that in the current cycle “memecoins have been the best beta,” referring to a leveraged play on the native tokens of blockchain networks – such as a memecoin beta for Solana (SOL) not only being correlated with SOL, but yielding a return many times higher than SOL itself.
Memecoins are the “next evolution of a meme, but also the standard original rendition of what memetics is,” said Iggy Azalea, the founder of memecoin MOTHER, who joined the panel late.
“Memes have been adopted by internet culture and so now we have this modernized version of how we think of a meme,” Azalea said.
Azalea and a number of other celebrities launched tokens through Solana-based memecoin factory Pump.Fun in May. Azalea has been the biggest winner among them, with her token reaching a market cap of nearly $55 million, according to CoinGecko.
The biggest and most important attribute of memecoins is the community around them, said Ansem, who pointed to Bitcoin’s origins as an example.
He said that in 2009, when Satoshi Nakamoto conjured up Bitcoin, the original cryptocurrency had no value on exchanges or “anywhere really.”
“The only thing that made the [Bitcoin] network have value was all of the running values on the network and all the people holding bitcoin who believe in it … That’s purely a memetic value in the early days,” Ansem said.
Currently, the biggest coins by market cap to be themed around dogs, frogs, and cats.
“[But a meme] doesn’t have to be an animal, a human being, any of these types of things,” McCann said. “It could be literally a phrase. We’re at the very beginning of how crazy this shit is going to get, because … things can just programmatically tokenize culture.”
The fondness of Azalea, McCann, and Ansem for cryptos based on internet culture and online jokes comes against the backdrop of a memecoin industry that has attained a market cap of $43 billion – up 4.3% in the 24 hours before press time alone.
Yet only one of the top four memecoins ranked by market cap has outperformed BTC in the past year, according to data from TradingView: frog-based PEPE, whose value has risen 1,090.8%, or 10-fold, far outstripping BTC’s 128.1% gain.
The above is the detailed content of Memecoins Are the 'Highest Risk-Return' Crypto Play Right Now, Say McCann and Ansem. For more information, please follow other related articles on the PHP Chinese website!

The value of blockchain-based U.S. Treasuries is closing in on a new milestone, with total holdings approaching $6 billion.

Canary Capital is looking to launch an exchange-traded fund (ETF) tracking the price of Tron's native token, TRX, according to a filing.

The stablecoin market has surpassed a total capitalization of $233 billion. Within this sector, Solana's stablecoins have reached a new all-time high market capitalization of $12.73 billion

Canary Capital is looking to get the U.S. Securities and Exchange Commission's sign-off for an exchange-traded fund that would track the Tron token TRX and has a staking component.

In an April 18 X post, Soto-Wright said he wanted Congress to “keep state-regulated issuers in the game” when it comes to stablecoin regulation, referencing efforts in the House of Representatives and Senate to create a federal regulatory framework.

Saylor's ideas centre on the fixed 21 million coin supply of Bitcoin. He presents this shortage as a revolutionary economic idea rather than only a technical one.

The TRUMP memecoin has gained significant popularity on the Solana network primarily due to its direct affiliation with the U.S. President Donald Trump.

The TRUMP memecoin has gained significant popularity on the Solana network primarily due to its direct affiliation with the U.S. President Donald Trump.

Hot AI Tools

Undresser.AI Undress
AI-powered app for creating realistic nude photos

AI Clothes Remover
Online AI tool for removing clothes from photos.

Undress AI Tool
Undress images for free

Clothoff.io
AI clothes remover

Video Face Swap
Swap faces in any video effortlessly with our completely free AI face swap tool!

Hot Article

Hot Tools

MantisBT
Mantis is an easy-to-deploy web-based defect tracking tool designed to aid in product defect tracking. It requires PHP, MySQL and a web server. Check out our demo and hosting services.

SAP NetWeaver Server Adapter for Eclipse
Integrate Eclipse with SAP NetWeaver application server.

MinGW - Minimalist GNU for Windows
This project is in the process of being migrated to osdn.net/projects/mingw, you can continue to follow us there. MinGW: A native Windows port of the GNU Compiler Collection (GCC), freely distributable import libraries and header files for building native Windows applications; includes extensions to the MSVC runtime to support C99 functionality. All MinGW software can run on 64-bit Windows platforms.

PhpStorm Mac version
The latest (2018.2.1) professional PHP integrated development tool

Atom editor mac version download
The most popular open source editor