Brian Fanzo Predicts Meme Coin Explosion: Why the Supercycle Is Just Getting Started

Table of Contents

In an exclusive interview with Ecoinimist, Brian Fanzo, a leading figure at PepeCoin, shared his insights on the current state and future of the meme coin market, predicting that the highly anticipated meme coin supercycle has yet to begin.

Despite the pullback, investor sentiment remains strong, with many speculating that Bitcoin’s historic break above $100K in recent weeks will soon be followed by a capital rotation into smaller tokens such as meme coins.

Which Altcoins Will Survive the Next Cycle?

Several new meme coins have blasted onto the scene in 2024, with multiple leading crypto exchanges showing a growing appetite for meme coins as well.

https://twitter.com/pudgypenguins/status/1864851993094664602

Most recently, Pudgy Penguins launched its highly-anticipated PENGU token. Similarly, a layer-2 meme coin by the name of Pepe Unchained (PEPU) managed to raise over $73 million through its blockbuster presale, allowing it to claim the title of the best-performing ICO in 2024.

https://twitter.com/pepe_unchained/status/1871562968741331021

With so many tokens entering the market this year, picking the right meme coins ahead of the next crypto bull run could be difficult. When asked which meme coins will survive the next cycle, Brian Fanzo said that the top 10 meme coins by market cap that also come with some form of utility will be among the top performers in the anticipated meme coin supercycle.

Also read: Best Meme Coins to Watch

He added that meme coins that incorporate some form of blockchain element are tokens that investors will want to watch. For example, a meme coin that comes with its own NFT collection (similar to PENGU), or a meme coin with layer-2 technology (such as Pepe Unchained), or meme coins with their own gaming ecosystems.

These meme coins answer the calls of numerous experts for more utility in the crypto space. Among them is former Binance CEO Changpeng Zhao (CZ), who echoed this sentiment earlier this year.

https://twitter.com/cz_binance/status/1861306581758976434

Brian Fanzo Says Celebrity Meme Coins Will Continue To Enter the Market, but Will Keep Failing

One of the biggest meme coin trends seen in 2024 is the launch of Solana-based celebrity tokens. Multiple well-known figures have opted to launch their own tokens, including Iggy Azalea, Caitlyn Jenner, Andrew Tate, and more. These celebrities strategically leveraged their stardom to help their tokens gain traction in the market. While there was initial hype around these projects, the euphoria surrounding this subset of the meme coin space has faded.

Also read: Best Platform to Trade Meme Coins

Opportunistic developers also approached celebrities to launch meme coins that take advantage of their established brands and loyal fan base. However, these launches have been clouded with controversy, with the SOL token HAWK, based on Hawk Tuah girl Hailey Welch, being the most recent example.

Brian Fanzo said that new celebrity meme coins will continue to hit the market, but he believes that many of these celebrity-powered projects will struggle to stay relevant in the market over the long term.

AI Cryptos: Fad or Long-Term Play?

Artificial intelligence has been another one of the hottest trends this year following a global AI race after the launch of OpenAI’s ChatGPT. It did not take long for the AI hype to make its way to the Web3 space, with many tokens trying to capitalize on the new trend to pull in new investors.

More specifically, many firms are launching on-chain AI agents that can perform tasks on behalf of clients. These tasks can range from performing trades to sending crypto. Layer-1 projects are also turning to AI to increase transaction throughput and to combat cyber security threats.

During the interview, Fanzo predicted that the hype around AI will eventually dwindle. He added that AI cryptos will merge with meme coins to create a new generation of lighthearted tokens that come with the utility the industry is calling for.

Final Thoughts

As the cryptocurrency market continues to evolve, meme coins are transitioning from speculative assets to projects with real-world applications. Fanzo’s insights underline the importance of utility in driving the next meme coin supercycle, with utility-focused projects like PEPU and PENGU paving the way.

While challenges remain, particularly for celebrity and AI-driven tokens, the next crypto bull run could mark a defining moment for the meme coin market, transforming it from a niche sector into a powerhouse of innovation and value creation.

Author

Steven Walgenbach

Steven's passion for cryptocurrency and blockchain technology began in 2014, inspiring him to immerse himself in the field. He notably secured a top 5 world ranking in robotics. While he initially pursued a computer science degree at the University of Texas at Arlington, he chose to pause his studies after two semesters to take a more hands-on approach in advancing cryptocurrency technology. During this period, he actively worked on multiple patents related to cryptocurrency and blockchain. Additionally, Steven has explored various areas of the financial sector, including banking and financial markets, developing prototypes such as fully autonomous trading bots and intuitive interfaces that streamline blockchain integration, among other innovations.

View all posts