The crypto community has debated meme coins’ appeal. They may be a good strategy to develop value in the future, while others consider them scams. Ki Young Ju, the CEO of CryptoQuant, believes that the memecoin trend has deeper reasons behind it than what is immediately apparent. He believes that how meme coins are valued is like the art market, where telling a good story is key to increasing prices.
Story Values Both Markets
The art market and the memecoin world depend on stories and ideas to succeed. In art, a piece can become more valuable because of its story, including the artist’s fame, its importance in history, or how much people want it. Memecoins like Dogecoin (DOGE) depend on social trends and stories from the community to increase their value.
Growth and Market Cap of Memecoins
Memecoins have become very popular in the crypto world, catching the interest of buyers around the globe. Drawing almost 30% of worldwide investor attention, CoinGecko claims they were the most often discussed cryptocurrency in December 2024.
Legal Issues and TRUMP Token Launch
In January 2025, the excitement around meme coins changed when the Official Trump token (TRUMP) was launched. It reached a value of about $71 billion within just 48 hours. This action started new talks about the link between politics and cryptocurrency, with law experts sharing their opinions on what it means.
The Future of Memecoins
Ki Young Ju thinks that even with the dangers of scams and fake coins, the meme coin market will grow and improve in the next five years. As the market becomes more stable and rules change, meme coins become more recognized in cryptocurrency. Just like art has moved from a specialized investment to something everyone is interested in, meme coins might do the same.
Conclusion
The art market and meme coins have clear parallels. Both markets rely on stories, with their value determined by how the public sees them and the excitement surrounding them. As the meme coin market grows, it might follow a path like the art market, moving from being unpredictable to more accepted.
