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CryptoQuant CEO Ki Young Ju says the meme coin market and art market share similar economics and both employ valuation mechanisms that drive prices based on narratives. “Both markets legitimize intangible value through narrative,” he said in a Jan. 26 X post . “If the very foundation of the meme coin market is considered a scam, then, by the same logic, the art market must also be viewed as a scam,” Young Ju added. Meme Coin Market Predicted To Mature By 2030 Young Ju went on to predict that the meme coin market might mature by 2030. While the hype around these light-hearted crypto tokens might fade, he believes that the market for meme coins “will not disappear.”. Until the meme coin market starts to mature, the CryptoQuant CEO warned that “many unsightly elements remain.” When it comes to the short term horizon for the meme coin market, Young Ju said these tokens are currently “nearing the peak of inflated expectations....

Bitcoin (BTC) is at the center of the financial markets after breaking its all-time high in a week to surpass the $70,000 mark in the latest rally. In this line, the focus is on where Bitcoin will land next, considering that the record high has deviated from the past norms of emerging after the halving event.  In looking at the next Bitcoin trajectory, crypto trading expert TradingShot projected in a TradingView post on March 8 that the next narrative for Bitcoin will likely target over $300,000.  The analyst presented the ‘Cycle of Narrative Destruction,’ highlighting how historic al patterns will likely influence the next BTC trajectory. According to the expert, Bitcoin’s journey since the beginning of the 2021 bear cycle has been marked by unexpected twists, prompting speculation on the next narrative to be broken. Picks for you Crypto narrative surging: Binance opens Payments category 2 hours ago BlackRock’s ETF surpasses MicroStrategy in ...