Trader Ansem said 2017-era altcoins were not fundamentally different from today’s meme coins, drawing a comparison between how each category attracted market capital. In his view, many altcoins in 2017 relied on white papers and founder-driven narratives to bring in funds. By contrast, he said today’s meme coins at least openly acknowledge what they are: an attention trade. Ansem also said he is more bullish on meme coins now than at any point before. The comments were reported by ChainCatcher.
Trader Ansem said 2017 altcoins were not fundamentally different from today’s meme coins, according to ChainCatcher.
He said many altcoins in 2017 drew market capital through white papers and founder narratives, while today’s meme coins at least openly admit that their core nature is an attention trade.
Ansem also said he is currently more bullish on meme coins than ever before.
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