Crypto veteran Chris Burniske believes that memecoins will have a strong presence in the current digital asset market cycle, surpassing the cultural relevance of some NFT collections. He also expresses optimism about the development of NFTs, suggesting that true art and creative utility will come into focus, allowing builders and creators to better connect with their tribes. Burniske previously argued that favorable conditions, including infrastructure maturation and user growth, are aligning in favor of the crypto asset class. At present, memecoins have a market cap of $53.573 billion, while NFTs are valued at $24 billion.



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