Memecoins the next catalyst for crypto adoption — DappRadar analyst
Sara Gherghelas, a blockchain research analyst at DappRadar, explains how the lower barrier of entry associated with memecoins may have sparked the adoption of the crypto asset class. In episode 22 of Hashing It Out with Cointelegraph’s Elisha Owusu Akyaw, Sara Gherghelas, blockchain research analyst at DappRadar — a crypto currency data tracking platform — discusses the recent hype around memecoins, while looking at on-chain data. Gherghelas also provides insights on how other sectors, such as nonfungible tokens (NFTs), are faring as memecoins take off. Gherghelas believes we are in a memecoin era. From her perspective, when you mention Web3 or crypto currencies in 2023, many people will associate the terms with memecoins. Gherghelas says there have been multiple memecoin cycles in the crypto currency space, but this time is different because the trend has been sustained for a more extended period. The blockchain analyst associates the trend with the popularity of memecoins on soc...
