This video is a bit long for most to watch probably, but this is some interesting insight into why these no-utility memecoins have been doing so well.
This isn't me shilling memecoins, just thought it was a really good breakdown, also why we need the Sol bridge to come to fruition.
Condensed version is that most so-called "utility coins" are actually vaporware. Memecoins are a bit of a middle finger to the establishment. A result of people losing faith in the establishment and willing to take big risks due to loss of hope/nothing to lose. They foster a sense of tribalism and community.
Hive obviously does NOT fall into that category or vaporware utility coins though, but I really do think if this SOL bridge comes into effect, it's going to have a much greater effect on Hive growth and price than any other platform bridge.
Another point from the video is that retail doesn't care about the tech, only the idea/price go up. Coins that have done well in 2024 aside from BTC are memecoins and utility/tech coins that have facilitated meme coins.
Verus is easily in that category of being able to facilitate. One could argue in a bigger way than other utility coins. But the Sol bridge is going to be vital.
Vid is 21 mins, though I'd recommend checking it out if you have time, and watch at 1.5x speed.
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