According to a report by Jinse Caijing, Alex Thorn, research director at Galaxy Digital, stated in a post on X that Memecoin exists at the intersection of two concerns: the lack of successful encryption use cases and young people’s despair about the bleak economic outlook.
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Galaxy Digital Research Director: The lack of successful use cases in the industry and concerns about the economy have allowed Memecoin to exist.
According to a report by Jinse Caijing, Alex Thorn, research director at Galaxy Digital, stated in a post on X that Memecoin exists at the intersection of two concerns: the lack of successful encryption use cases and young people’s despair about the bleak economic outlook.