{"id":12155,"date":"2024-04-01T10:07:06","date_gmt":"2024-04-01T07:07:06","guid":{"rendered":"https:\/\/forklog.com\/en\/arthur-hayes-and-raoul-pal-see-value-in-meme-tokens\/"},"modified":"2024-04-01T10:07:06","modified_gmt":"2024-04-01T07:07:06","slug":"arthur-hayes-and-raoul-pal-see-value-in-meme-tokens","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/arthur-hayes-and-raoul-pal-see-value-in-meme-tokens\/","title":{"rendered":"Arthur Hayes and Raoul Pal See Value in Meme Tokens"},"content":{"rendered":"<p>One should exercise caution before dismissing meme coins as &#8220;silly,&#8221; as they may benefit blockchain ecosystems by attracting new users and developers. This was stated by former BitMEX CEO Arthur Hayes in an interview with former Goldman Sachs executive and macro investor Raoul Pal. <\/p>\n<p><iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/VGlCevPdFKU?si=EsMgAEqLu6xtXou6\" title=\"YouTube video player\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p>In his view, Ethereum and Solana are the most suitable protocols for capturing the attention flow from memes.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Blockchains that can support this culture will have value,&#8221; Hayes noted.  <\/p>\n<\/blockquote>\n<p>Pal believes that meme coins are likely to become even more popular among young crypto investors due to the &#8220;gaming mentality&#8221; inherent in <span data-descr=\"generation of people born from 1997 to 2012\" class=\"old_tooltip\">Generation Z<\/span> and <span data-descr=\"generation of people born from 1981 to 1996\" class=\"old_tooltip\">Millennials<\/span>.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;[Investing in meme coins] is the same, just playing with money,&#8221; he clarified.<\/p>\n<\/blockquote>\n<p>Both interlocutors acknowledged the &#8220;countless&#8221; risks associated with such assets. They also emphasized that the hype around meme tokens will persist for some time. <\/p>\n<p>According to <a href=\"https:\/\/www.coingecko.com\/en\/categories\/meme-token\">CoinGecko<\/a>, the meme cryptocurrency index has risen by nearly 15% over the past week. The total capitalization of the sector reached $68.8 billion. <\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-eu.googleusercontent.com\/Z9goheVzn_4MaRV4-PL-cJshdq9OIK1fWZ-DQF20YRYrvYDQ-4lu91TfR10cfSNaT4TNQDDSbeDKx7LpnkCwt-I8kiofSXOCg6_xPrHMFu_bptQjo80r0f3QF1I0LxpRAYoBw0QJSfOQ1hz2PMnjtMA\" alt=\"Arthur Hayes and Raoul Pal See Value in Meme Tokens\"\/><figcaption class=\"wp-element-caption\">Data: CoinGecko.<\/figcaption><\/figure>\n<p>One of the strongest assets remains dogwifhat (WIF) based on Solana, which has gained 57% over seven days. <\/p>\n<p>Earlier, Ethereum co-founder Vitalik Buterin suggested endowing meme tokens with new qualities. He considered their use in two areas\u2014charity and gaming.<\/p>\n<p>Head of Research at Messari, Martje B\u00e4s, acknowledged that meme cryptocurrencies <a href=\"https:\/\/u1f987.com\/en\/news\/messari-labels-meme-tokens-as-a-trojan-horse\">will remain an important part of the crypto industry<\/a>, noting their role in the adoption of digital assets.<\/p>\n<p>Back in March, CryptoQuant founder and CEO Ki Young Ju <a href=\"https:\/\/u1f987.com\/en\/news\/cryptoquant-ceo-criticizes-meme-coin-surge\">expressed concern<\/a> over the boom in the segment. In his view, meme tokens harm the crypto industry. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>One should exercise caution before dismissing meme coins as &#8220;silly,&#8221; as they may benefit blockchain ecosystems by attracting new users and developers. This was stated by former BitMEX CEO Arthur Hayes in an interview with former Goldman Sachs executive and macro investor Raoul Pal. In his view, Ethereum and Solana are the most suitable protocols [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12154,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1193,1161],"class_list":["post-12155","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-arthur-hayes","tag-memes"],"aioseo_notices":[],"amp_enabled":true,"views":"22","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/12155","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=12155"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/12155\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/12154"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=12155"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=12155"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=12155"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}