Report: As a carrier of social ideology, Memecoin may continue to grow and develop

Despread Research, the research department of Web3 consulting firm Despread, has released a report on the evolution and future potential of the Meme coin market, analyzing the utility of Meme coins as speculative assets.The team points out that US asset management company VanEck has launched a Memecoin index fund that tracks the prices of six popular Memecoins, including DOGE, PEPE, and WIF. The report states that while the launch of the VanEck Memecoin index fund is unlikely to immediately attract institutional investment in Memecoins, the development and growth of community-driven Memecoins without any utility has attracted institutional interest, which is a significant development. The VanEck Memecoin index fund could become a catalyst for more institutional and retail investors to become interested in Memecoins.It states that it has already seen cryptocurrency-based fund companies wanting to include Memecoins in their portfolios. Cryptocurrency fund company Stratos, headquartered in California, launched a WIF liquidity fund in December last year, with a return rate of 137% as of the first quarter of 2024. According to Despread Research, as a carrier of social ideology, Memecoins will continue to develop and grow.