Original author: Layergg

Original compilation: Deep Tide TechFlow

Memes are emerging as an alternative to "VC, CEX, and high FDV" in this encryption cycle. Community-driven + fair launch has captured the hearts and minds of retail investors and is beginning to exert influence in the actual bidding stage.

This year, large cap memes have outperformed and maintained strong returns even during market corrections. Now, memes have become a mainstream asset class, which is evident from the coins holdings of Robinhood users.

One thing to consider is that global asset managers are just beginning to enter the Crypto Assets space.

I think Wall Street veterans are unlikely to be exit liquidity for encryption venture capital firms, they are likely to disrupt the status quo, and meme is expected to be one of their tools to achieve this.

Two prominent examples are Franklin Templeton and VanEck.

a) VanEck's MarketVector recently launched the Meme Index.

b) Franklin Templeton continues to publish articles on memes. An interesting case is Franklin Templeton's propaganda about $WIF.

Surprisingly, traditional Crypto Assets VCs are still slow to embrace memes. Major memes such as $WIF and $PEPE are not found in the portfolios of top VCs. If they eventually give in and decide to auto-invest in memes, this could mark the beginning of the second wave of the meme cycle.

Perhaps the upcoming U.S. presidential election will force VCs to make the painful choice of whether or not to add memes to their portfolios soon.

While it's still uncertain who will win Trump or Biden, each of these events seems to favor the meme's popularity.

Most importantly, retail investors are disappointed with the "low Circulating Supply, high market capitalization" project. Venture capital advocates "serious/fundamental! But the market reaction remained lukewarm. In this case, Hedging funds and market makers are under pressure to generate returns within the stipulated timeframe.

"Is the meme over?"

Today, Roaring Kitty, known for $GME, posted for the first time in three years. His return could well herald the beginning of the second wave of the meme cycle.

Don't underestimate his influence.

From a Technical Analysis perspective, the majority of long major memes are still in the retesting phase. Some important memes, such as $PEPE $WIF, are expected to break into the top 20 soon.