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TechFlow news — Andrew Kang, co-founder of Mechanism Capital, said meme coins are a shared focal point for global speculative liquidity. They are more accessible to people in any country than any stock in the world, which is why Dogecoin has risen much more than GameStop.
In the previous cycle, the total market cap of meme coins reached $100 billion, and each cycle typically sees multiple-fold increases at its peak market cap.
Mechanism Capital co-founder Andrew Kang said meme coins are a shared focal point for global speculative liquidity. People from any country have easier access to them than to any stock in the world. That's why Dogecoin has risen much more than GameStop. In the last cycle, the total market cap of meme coins reached $100 billion, and the market cap peak typically grows by multiples each cycle.
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