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TechFlow reports, Andrew Kang, co-founder of Mechanism Capital, believes that meme coins will perform exceptionally well in this cycle within the cryptocurrency market, as the public increasingly favors pure and straightforward speculative instruments. He warns against over-investing in DeFi/L1 projects, suggesting that while meme coins may surge 5 to 100 times, Ethereum might only rise by around 50%.
Andrew Kang, co-founder of Mechanism Capital, believes that meme coins will perform exceptionally well in this cycle within the cryptocurrency space, as the masses are more inclined toward pure, direct speculative instruments. He warns against over-investing in DeFi/L1 projects, suggesting that while meme coins could surge 5 to 100 times, Ethereum might only grow by around 50%.
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