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CT has so much NFT PTSD lol
NFTs and meme coins are fundamentally much different.
NFTs failed because of 2 main reasons:
1. floor price made them inaccessible
2. mints -> too many whales
NFTs failed because you could never achieve distribution. floor price priced people out -> whales could never distribute.
Meme coins are fundamentally different because you are able to achieve distribution.
15 hours ago
Highly doubt there will be a new meme coin that goes 0 to 1B over the next couple years.
If this angers you let me say the exact same thing but using different words.
Highly doubt there will be a new 10k NFT collection that goes from 0 to 500k floor over the next couple years.
once u achieve distribution momentum never stops then asset goes up forever
nfts are just meme coins but everyone owns .1 - 1% of the supply and can never sell lol
memes are so hilariously different
@GrahamKeithC on the flip side, a lot of coins never distribute in bear market never.
so when the bull market comes back you still have wayyy too many whales.
your point about demand is correct, u need a minimum amount of demand to allow for distribution or else u just have the same problem
@GrahamKeithC aka why NFTs are dead and memes aren’t.
NFTs never distributed. whales dumping even the slightest pump, is why there is no demand.
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