the idea behind "new coin good" also applies to metas
a new meta will (almost) always provide a much better risk to reward setup
old
- L1s
- memes
- launchpads
- dexes
- defi
- laundry list of others
new
- deAI
- gacha
- proof of useful work
- v4 hooks
- tokenized collectables
- agents
- perps
- ownership coins/futarchy
There is nuance tho because sometimes the 2nd time around for a meta ends up being the real wave and the 1st wave was too early. But some metas are clearly "dead" (l1s, defi, dexes)