• About Us
  • Careers
  • Contact
No Result
View All Result
Thursday, September 4, 2025
DeFi Planet
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Market Analysis
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverse
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Market Analysis
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverse
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
No Result
View All Result
DeFi Planet
No Result
View All Result
Home News Memecoins

VanEck’s Pranav Kanade Sees Memecoins’ Successes as a Blueprint for Crypto and Web3 Growth

9 October 2024
in Memecoins, News
Reading Time: 3 mins read
101 8
source: vaneck.com

source: vaneck.com

Pranav Kanade, the portfolio manager of the VanEck Digital Assets Alpha Fund, believes that memecoins could provide a blueprint for improving adoption in the crypto and web3 ecosystem.

In a recent X post, Kanade emphasized that the viral nature of memecoins provides unique advantages for market engagement and widespread distribution, particularly among retail investors.

Kanade highlighted their strong product-market fit with retail investors and encouraged crypto entrepreneurs to draw lessons from memecoins’ appeal. He emphasised that simplicity, transparency, and alignment between project teams and token holders are crucial for achieving long-term success in the highly competitive crypto landscape.

“Many teams tend to over-engineer their tokens,”

Kanade wrote, suggesting that crypto projects should aim for straightforward token designs and maintain a clear vision. He added that as the ease of launching tokens grows, competition for resources such as time, capital, and attention intensifies, making simplicity and transparency even more vital.

The VanEck portfolio manager also advocated for high token floats and low entry valuations, arguing that such measures can drive greater participation from retail investors.

“We only get rich if we hit our goals and deliver products as promised,”

he stated, while also stressing the need for transparency in disclosing venture capitalists’ cost bases, an area where many projects fall short.

Memecoins have garnered significant attention, driven by their rapid rise in popularity and market value. Kanade’s views echo those of other prominent figures in the crypto space. In April, Paul Veradittakit of Pantera Capital emphasized how memecoins capture attention and enable broad ownership distribution. Veradittakit noted that memecoin communities often leverage viral marketing campaigns, sometimes funding real-world promotions like a memecoin display on the Las Vegas Sphere.

According to Veradittakit, memecoins’ fungibility enables more extensive ownership distribution compared to non-fungible tokens (NFTs), potentially drawing new users to DeFi and the broader Web3 ecosystem.

Similarly, Michael Novogratz, CEO of Galaxy Digital, has been an outspoken supporter of memecoins. In a recent X post, he described them as one of the “most powerful narratives” in the crypto space. Novogratz even shared strategies for building wealth through memecoins, highlighting both selecting the right token and creating new ones as potential paths to success.

 

If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.

“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”

Don't miss out!

Subscribe To Our Newsletter

Receive top education news, lesson ideas, teaching tips and more!
Invalid email address
Give it a try. You can unsubscribe at any time.
Thanks for subscribing!
Tags: CryptoVanEck
Share63Tweet40Share11
Jewel Buddy

Jewel Buddy

Buddy Jewel is a finance writer specializing in cryptocurrency news. With a keen eye on the latest developments in the digital asset space, I provides insightful and timely updates on the ever-evolving world of crypto.

Related Posts

source: economictimes.indiatimes.com
Crypto

Australian SMSF Crypto Holdings Dip Despite Bitcoin Rally

4 September 2025
source: techinasia.com
Bitcoin

Small Businesses Quietly Driving Bitcoin Adoption in 2025 — River

4 September 2025
source: chain.link
Blockchain

Chainlink Reserve Crosses $4.4M as Network Accelerates LINK Accumulation

4 September 2025
source: medium.com
Bitcoin

Quantum Computing Could Break Bitcoin and Ethereum Security: U.S. SEC

4 September 2025

Editors Picks

Bull vs. Bear: Key Indicators to Spot Market Trends Before Everyone Else

Bull vs. Bear: Key Indicators to Spot Market Trends Before Everyone Else

byOlayinka Sodiq
13 July 2025
0

Is Saudi Arabia Falling Behind in the Crypto Race Without Unified GCC Regulations?

Is Saudi Arabia Falling Behind in the Crypto Race Without Unified GCC Regulations?

byOlajumoke Oyaleke
6 July 2025
0

AI Deepfake Scams: How They’re Driving Fraud and Fueling Crypto Scandals

AI Deepfake Scams: How They’re Driving Fraud and Fueling Crypto Scandals

byOlajumoke Oyaleke
24 June 2025
0

Can Ethereum Transactions Be Reversed?

Can Ethereum Transactions Be Reversed?

byOlayinka Sodiq
24 June 2025
0

Is Running Masternodes Still a Viable Passive Income Strategy or a Thing of the Past?

Is Running Masternodes Still a Viable Passive Income Strategy or a Thing of the Past?

byOlayinka Sodiq
14 June 2025
0

Read More

Chain of Thoughts

Zero-Knowledge Everything: Trust, Privacy, and Verification in the Digital Age

Zero-Knowledge Everything: Trust, Privacy, and Verification in the Digital Age

byOlu Omoyele
30 August 2025
0

...

What Happens When AI Gets a Wallet?

What Happens When AI Gets a Wallet?

byOlu Omoyele
31 July 2025
0

...

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

byOlu Omoyele
30 June 2025
0

...

Are Stablecoins Bank Deposits?

Are Stablecoins Bank Deposits?

byOlu Omoyele
31 May 2025
0

...

Markets Update

Operators of OKX Exchange, Fined $2.6 Million by Dutch Central Bank Over Unregistered Services Pre-MiCA License

3 hours ago

What $13 Billion in Ether Treasuries Signals for Investor Behaviour

22 hours ago

What Happens If Bitcoin Reaches $1 Million?

22 hours ago

Stablecoins Are Propelling Latin America’s Financial Shift, Fueling Innovation and Inclusion

24 hours ago

Web3 Security Gets Real: Investing in Smart Contract Risk Management

1 day ago

Is Crypto Really Helping Emerging Economies Bypass Legacy Financial Constraints?

1 day ago
Read More

Events

CBDC Conference
CBDC Conference
9 Sep 25
Nassau

Spotlight

All about Ethereum
All about Algorand
All about Bitcoin
All about Gora

Press Releasespress releases

ChainUp Named Double Finalist at Thomson Reuters’ ALB Pan-Asian Regulatory Awards 2025

bychainwire
4 September 2025
0

Bybit Card Launches in Europe With Unmatched 20% Cashback

bychainwire
3 September 2025
0

KuCoin Presents KuMining: Embodying “Simple Mining, Smart Gains” for Effortless Crypto Accumulation

bychainwire
3 September 2025
0

Meme Coin Little Pepe Raises Above $24M in Presale With Over 39,000 Holders

bychainwire
2 September 2025
0

Pioneering AI Visionary Vincent Boucher & AGI Alpha Announce a Meta‑Agentic AGI Jobs Marketplace Platform

bychainwire
2 September 2025
0

Read More

ADVERTISING

ABOUT

TEAM

CAREERS

CONTACT

TERMS & CONDITIONS

PRIVACY POLICY

© Copyright 2025 DeFi Planet

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Please enter and activate your license key for Cryptocurrency Widgets PRO plugin for unrestricted and full access of all premium features.

Add New Playlist

No Result
View All Result
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Market Analysis
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverse
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer

© Copyright 2024 DeFi Planet   |   Terms & Conditions   |   Privacy Policy

-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00