The article discusses the "supercycle phase" of memecoins and the growing interest in them among investors. It highlights the reasons why people are embracing memecoins, such as the sense of fun, identity, and engagement they provide. However, the article also acknowledges that the majority of memecoins have not been successful for investors. It suggests that instead of solely focusing on memecoins, efforts should be made to improve VC-backed altcoin alternatives. The article reminds readers that the history of the internet is filled with failed companies, but valuable lessons were learned along the way. It concludes by questioning the significance of a memecoin "supercycle" and emphasizes that crypto was designed to provide freedom rather than solely focusing on making people rich.



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