Chris Burniske: Memecoin Cycle Dongkrak Innovation Of Crypto Projects

Dogecoin, the first meme coin in the crypto industry and the largest by market cap. (Photo; Doc. FinanceBuzz)

JAKARTA - The dominance of memecoin in the current crypto market cycle triggers a major reaction from other projects. According to Chris Burniske, a venture politician and crypto expert, this phenomenon has become a catalyst for the development of morefundamental digital assets.

Through his upload to more than 303,400 followers on platform X, Burnike stated that the pressure from memecoin forced other crypto projects to innovate and stand out.

Memecoin Triggers Innovation

Burniske highlighted that memecoins, such as Dogecoin (DOGE), put positive pressure on infrastructure tokens and applications ("infrastructure-and-appcoins"). He predicts that this project will focus more on revenue and other financial metrics to attract the attention of investors, especially in the midst of improving global regulations.

"Memecoin forces infrastructure tokens and applications to show revenue flows to its holders. With better regulations, governance tokens will transform into cash flow tokens," Burniske wrote.

He also estimated that token valuations would be more similar to stocks in traditional financial markets (TradFi), where investors began to assess crypto assets based on conventional financial approaches.

Burniske underlines the potential growth of fundamental-based tokens in the future. According to him, projects that show stability in the bearish market will attract TradFi investors who are starting to understand the value of crypto assets.

Infrastructure tokens and applications that show a solid foundation during the bearish market will begin to gradually add value from cycle to cycle. This process may not be as fast as the profit of memecoin, but long-term growth will be very profitable for those who are patient, Burniske added.

However, he also warned that memecoin, although it could generate huge profits, still has high risk. "Memecoin has no upper limits because it is not fundamental based, but also has no lower limits," said Burniske. This lesson, according to him, would be very painful for investors in the next bearish market.

Iconic Memecoin Will Survive

However, Burniske predicts that some memecoins, such as Dogecoin, will continue to survive and become a big name in the crypto industry. "DOGE will remain a widely known name," he concluded.

Memecoin has become a major trend in the crypto industry, but Burniske's view emphasizes the importance of innovation and fundamental strengthening to build a stronger crypto ecosystem.