The memecoin market has been booming this year, with tokens like Dogecoin and Shiba Inu seeing massive price increases. However, the article argues that memecoins are not the best investment vehicle to drive a sustainable bull run. Instead, it suggests that new investors should redirect their attention to real-world assets (RWAs) and artificial intelligence (AI), which are much more sustainable in the long-term.

The article notes that the memecoin sector has grown exponentially, with around 1.7 million tokens on the Solana-based memecoin platform, PumpFun, as of August. A study by Binance found that meme coins had risen in value by nearly 600% for the year to date, outpacing Bitcoin by more than 10 times. This growth has been fueled by a combination of high speculative activities and the involvement of celebrities.

However, the article argues that investors who want to see a sustainable bull run should shift their focus away from memecoins and towards AI and real-world assets. These sectors are more likely to drive long-term growth and stability in the cryptocurrency market.

Source: https://cointelegraph.com/news/ditch-memecoins-look-rwa-artificial-intelligence-instead

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