This article highlights the most important points Lark Davis discussed in his recent appearance, collected by the CoinSpeech team. If you want to catch the full video, you can find it embedded below.
Meme Coin Insanity: From Influencers to Mainstream
Lark Davis opens with a critique of the current hype around meme coins, emphasizing that “meme coin insanity is not stopping” and is spreading to mainstream influencers and even musicians. Figures like Iggy Azalea and Caitlyn Jenner have joined the fray, launching or promoting their own meme coins. Davis doesn’t mince words about the risks: “These things are crazy” and “it’s kind of dangerous.”
Warning to Investors: Davis strongly advises against investing in these meme coins, stating, “don’t buy any of this crap. Not financial advice, but you can throw your money away in better ways.”
Mainstream By Volume: Meme Coins Lead the Pack
Davis points out the significant traction meme coins are gaining. “Look at this, top 15 projects by 30-day revenue, pump.fun right at the top,” says Davis. The driving force behind this craze is that “meme coins, whether you like it or not, are still the most popular thing this cycle.”
Bitcoin: The Serious Talk
Switching gears to a more serious topic, Davis discusses Bitcoin’s price movements and future prospects. “Bitcoin right now, $67,000 after getting rejected again at that key area of price resistance around $72,000,” he notes.
Predictions for 2025: Lark mentions forecasts that Bitcoin could hit $90,000 this year and $150,000 by 2025. “Interesting food for thought,” he says about these predictions, suggesting that the influx of ETF investments could play a significant role.
Altcoins: Are They Ready to Explode?
In the realm of altcoins, Davis is optimistic. He believes the market is “about to exit this major accumulation phase,” pointing out that specific projects like Solana and Pepe are already hitting new highs. “You ain’t seen nothing yet,” he assures, hinting that a massive altcoin season could be on the horizon.
Phantom and Google Cloud Partnership
Highlighting noteworthy collaborations, Davis reveals that Phantom has teamed up with Google Cloud. “Their partnership will launch initiatives for Phantom developers to build next-gen dApps using Google Cloud’s advanced AI and infrastructure,” says Davis, emphasizing the potential impact on Phantom’s market value.
Sponsor Shoutout: Wilder World
Lark also takes a moment to promote Wilder World, an interesting project building a sophisticated game with Blade Runner and GTA vibes. “These guys have been building an amazing game throughout the bear market,” he praises.
Davis wraps up, asking for feedback on the “influencer meme coin madness” and thanking his viewers for their time.