Investor Murad Mahmudov's memecoin supercycle theory suggests that various factors could create a sustained cycle for meme-centric cryptocurrencies. This theory emphasizes community engagement and emotional investment over traditional technical evaluations. While some, like Kyle Kemper, argue that this shift doesn't dismiss fundamental analysis, it's clear many traders prioritize market sentiment and social dynamics over intrinsic value. As crypto traders become more experienced, they seem to prefer quick returns rather than long-term investments, leading to a rise in memecoins. While some experts forecast that the memecoin trend is unsustainable, as seen by the volatility and hype surrounding these assets, others like Jameson Lopp warn of their ultimate return to low value due to lack of utility. Despite the criticisms, proponents argue that the community aspect of memecoins fosters a shared belief among investors, similar to the dynamics seen in notable stock movements like AMC and GameStop.

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