The article discusses how "degens" or high-risk DeFi traders may be choosing meme coins as a simple and fun shortcut in the crowded altcoin market. It highlights various narratives that are currently competing for attention, including Ethereum's Layer 2 scaling networks, AI meme cryptos, BTCFi, on-chain real-world assets, new stablecoins, fresh DeFi primitives, and decentralized prediction markets. The complexity of these narratives makes it difficult for traders to properly study them, which may be why they are choosing meme coins instead. The article also mentions the disruptive potential of tokenized real-world assets and suggests that altcoin holders should study various factors such as L2 road maps, BTCFi infrastructure progress, and tokenomic designs when managing their portfolios. Additionally, the author suggests focusing on a single segment or covering multiple narratives to better understand the current state of crypto. As an example, the author mentions studying the AI meme coin meta-narrative and highlights the performance of AI-led meme coin Goatseus Maximus in the last seven days.



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