Trader Ansem said meme coins are not fundamentally much different from the altcoins that dominated the market in 2017. In his view, the earlier wave typically drew capital through white papers and founder-driven narratives, while today’s meme coins are at least more direct about what they are: a trade built on attention. Based on that comparison, Ansem said his current level of optimism toward meme coins is higher than at any point before. The remarks frame meme coin speculation not as a break from past crypto cycles, but as a continuation of how narrative-driven assets have long attracted money in the market.
Trader Ansem said in a post that the altcoins of 2017 were not fundamentally very different from today’s meme coins.
He said altcoins in 2017 often attracted market capital through white papers and founder narratives, while today’s meme coins at least openly acknowledge that they are, at their core, a trade on attention.
Ansem also said he is now more bullish on meme coins than ever before.
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