Meme Supercycle (not real?)
The Trump victory is the following:
— A legitimization of the crypto industry
— Less aggressive stance towards DeFi
— More regulatory clarity
Who does this benefit the most? Not memes.
Many DeFi coins are up 100% or more this week with some like Drift and Raydium up to insane numbers.
What if we meme'd ourselves out of the memecoin supercycle and it became a midcurve bet since we've been chanting it for a year?
— DeFi Coins have barely any volume, any uptick sends them higher
— Everyone is largely underexposed to DeFi and overexposed to Memes
This is the first cycle