Murad Mahmudov, a well-known investor and meme coin proponent, predicts that older meme coins will continue to outperform their newer counterparts. This
But why would investors favor some coins over others? Analyst Ignas pointed out that this all comes down to the intention behind most token launches.
He said that many founders create tokens with their own personal gain in mind, not the communitys. In addition, many tokens lack excitement and purpose.
“When I buy a token, I want to DREAM BIG. Yet most projects focus on selling their features rather than their grand ambitions. Token is there to make your community dream,” he stated.
Nonetheless, another pseudonymous analyst, Xero, emphasized that investors are favoring older meme coins right now because the market is likely still in Phase 1 of the meme coin cycle. In this early stage of a bull run, capital tends to flow into established tokens before rotating to other meme coins.
“It think that‘s because it’s phase 1. Before we have runners again we need multiple ath on older coins,” the analyst replied.
Therefore, for now, Murads prediction and the broader trader pivot suggest a strategic preference for older coins. Still, time will tell whether investors will continue to favor them or shift their strategies.
The post Forget New Tokens—Why Murad Mahmudov is Betting on Older Meme Coins? appeared first on BeInCrypto.
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