Hello June

Hi guys! Happy new month to you and yours, May was like 2 months in one and I could not wait for it to be over. The first half of it was a downtrend which followed from the halving correction and ended bullish with news of ETF approvals for Ethereum, in retrospect it was a perfect time to buy the dips.

Most of the month of May in crypto was boring, but in the world of memes, things were quite different, from the death of legendary Doge Kabosu to the launch of Celebrity meme tokens. Speaking of which, I see so many people being salty about celebrity tokens, most have been an epic fail but they don’t mean there’s no potential in the trend.

Crypto people left traditional finance systems because of how restricted and closed source it is, now that meme tokens have opened unimaginable ways to do things relating to finance that was not possible before, they carry up pitchforks to keep the “gate” like as if they aren’t all the same.

It’s fascinating how quickly opinions can shift in the crypto world. Yes, many celebrity tokens have flopped, but dismissing the entire trend might be shortsighted.

These tokens represent a blend of pop culture and finance, creating new opportunities for engagement and innovation. They tap into fan bases and bring a different kind of energy and creativity into the crypto space.

We’re witnessing a transformative period where finance is becoming more inclusive and accessible. Meme tokens, despite their volatility and the occasional scam, are part of this evolution.

They challenge the norms and push the boundaries of what can be achieved with digital assets. The skepticism is understandable, but let’s not forget the same skepticism existed about Bitcoin and Ethereum in their early days.

Only one to get it right

All it takes is one celebrity to get it right and others can replicate the success and build off it or through it. One celebrity to drive the usage of the tech from 1-100. One celebrity to truly understand and harness the power of meme tokens.

And in my opinion, which is quite contrary to public sentiment, The meme token launched by Iggy Azalea $MOTHER, is showing true potential of what a successful celebrity meme token can look like. It’s not just about initial hype, It’s about community engagement, involvement and participation.

Iggy Azalea’s approach with $MOTHER stands out because she is actively participating and promoting the token, leveraging her fan base and social media presence effectively. This kind of hands-on involvement can build trust and credibility, which play a huge role for the long-term success of any crypto project.

Despite the backlash from many crypto bros, the price of $MOTHER token skyrocketed by over 300% in 24 hours reaching heights of over $80m marketcap. The success of $MOTHER demonstrates that with the right strategy and genuine involvement, celebrity meme tokens can thrive.

As we go into the month of June, let’s keep an open mind and stay optimistic while being open for adventures because at the end of the days that’s mostly what this space is about.

Looking ahead, it will be fascinating to see which other celebrities might enter the crypto arena and how they will navigate the challenges and opportunities. Will they follow Iggy Azalea’s lead and engage deeply with their projects, or will they struggle to connect with the crypto community? Only time will tell.

Thanks for reading folks. And never forget to only invest what you’re willing to loose.

Kindly share your thoughts in the comments.

Posted Using InLeo Alpha