New York City Mayor, **Eric Adams**, recently criticized the influence of meme culture in the world of cryptocurrency. He emphasized the importance of focusing on the long-term values of technologies, rather than chasing after memes and trends. Adams announced new partnerships with financial firms to enhance the city’s involvement in digital assets. He plans to collaborate with industry leaders to shape the city’s crypto strategy and maintain its position as an innovation hub.
The New York Crypto Summit is scheduled for May 20. During a press conference, Adams highlighted the potential of crypto and blockchain technologies to enhance financial access for underserved communities in the city. The summit aims to drive innovation and growth in New York City’s blockchain sector. Adams unveiled partnerships to guide the city’s digital asset strategy, fostering a business-friendly environment for startups and major industry players to flourish.
While expressing skepticism about memecoins, Adams reaffirmed his support for cryptocurrencies. He reminded everyone that he was the first mayor in the U.S. to receive his paychecks in Bitcoin and Ether in 2022. Altcoins have been experiencing a surge recently, with memecoins also making significant gains. The Altcoin Season Index has risen to 35, hinting at a potential altseason on the horizon.
According to analyst **Mister Crypto**, altcoins could see daily gains of up to 40% in the next 3 to 6 months, which he describes as a “life-changing” period. Major altcoins like Ethereum, XRP, Solana, and Cardano have seen substantial weekly increases. Memecoins such as Dogwifhat, Dogecoin, Brett, Bonk, and Mog Coin have also experienced notable growth in the past week.
**Coinpedia Markets** has identified a list of memecoins with 10-100x potential during the Bullrun of 2025. Some of these tokens include Dogwifhat ($WIF), Degen ($DEGEN), Brett ($BRETT), Mubarak ($MUBARAK), Mog Coin ($MOG), Snek ($SNEK), Ski Mask Dog ($SKI), Kendu Inu ($KENDU), Osaka Protocol ($OSAK), and Bobo ($BOBO). These memecoins are expected to show significant growth in the coming months.
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