Shiba

Token

2024

Shiba Inu

Just a few days ago the CEO of Tron Justin Sun indicated his support of meme cryptocurrencies at the Token 2049 conference in Dubai. In his speech, Sun lauded the contribution of meme coins such as Dogecoin, Shiba Inu, and Floki to making cryptocurrency stand out from traditional financial systems. 
He emphasized that these tokens show the peculiar culture of the crypto community that is always full of humor and creativity. 
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 Meme coins may seem unconventional, but they highlight the power of community in crypto. Building a successful project, meme-based or not, takes dedication. Let’s see what the next bull cycle brings! 👀 <a href="https://t.co/S40tXLhSO3" target="_blank" data-wpel-link="external">pic.twitter.com/S40tXLhSO3</a>— H.E. Justin Sun 孙宇晨 (@justinsuntron) <a href="https://twitter.com/justinsuntron/status/1785536405571309775?ref_src=twsrc%5Etfw" target="_blank" rel="noopener" data-wpel-link="external">May 1, 2024</a>
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Sun spotlighted the enormous market valuations that the top meme coins had managed to achieve, arguing that their success usually confuses the traditional financial analysts. He contested that these valuations arise owing to real community participation and a clear launch process. 
In the projection, Sun anticipates that each bull cycle in the cryptocurrency market will spotlight a new meme coin that captures the community’s imagination. He also hinted at the creative limits of using animal-themed logos, suggesting that the trend has room to evolve. 
Although the recent market crash the two coins, Dogecoin and Shiba Inu lost, Sun is still positive about the future. He thinks that implicit community support and the fun nature of meme coins will persist to allure interest and investment within the crypto space. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Read Also: <a href="https://www.cryptotimes.io/2024/04/30/poloniex-wbtc-depreciation-imperils-justin-suns-empire/" target="_blank" rel="noreferrer noopener" data-wpel-link="internal">Poloniex WBTC Depreciation Imperils Justin Sun’s Empire</a> 
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Justin Sun Champions Meme Coins at Token 2049 Conference

The Crypto Times

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