During this cycle, Memecoins, especially Solana-based ones, became the leading narrative of the crypto market. These tokens have eclipsed investors’ attention and overshadowed the performance of many large-cap altcoins. Some experts weighed in on the market’s performance over the last year, discussing what made meme-based tokens the cycle’s top-leading narrative, and what could be next for the industry. Related Reading: FET Gears Up for Gains: Bullish Momentum Eyes $1.8 Breakout The Value Of Solana ‘Interjective Culture Coins’ Qiao Wang, co-founder of Alliance DAO, shared his thoughts on the market dynamics that led to each cycle’s top narrative. In the X post, he noted how there’s “an opportunity for retail to outperform professionals” every cycle. The alpha is for retail to get involved at a time when there’s too much career risk for professionals to get involved. Retail investors outperformed professionals during the first cycle with “simply” Bitcoin, Wang explained. In the second cycle, investors took advantage of Ethereum’s narrative, while Decentralized Finance (DeFi) and Non-Fungible Tokens (NFTs) became the leading retail opportunities durin ..
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