In the cryptocurrency circle, there is a kind of weird virtual token project that is quite popular, and people usually call it "Tugou". These projects are generally anonymous, have little technical content, emphasize grassroots culture, and even say "tokens have no value". They have a strong meme gene, and the project logo is sometimes an emoticon package.
In the face of the myth of getting rich quickly, only a very small number of people are lucky. Looking back at each wave of meme digital currency craze in history, most projects ended up going to zero, and this round has already caused heavy losses for some people. In fact, the cost of issuing tokens on the chain is as low as 100 yuan, and even ChatGPT can be used to write software for batch issuance of tokens. The threshold for the sickle is getting lower and lower.
PEPE coin increased 270,000 times in half a month, and the "earth dog" became a "gold dog"
This type of project has recently set off a wave of speculation in the cryptocurrency circle, with PEPE coin being a typical example, which once doubled 270,000 times in just half a month. That’s right, it’s not “times”, it’s “10,000 times”, and a small group of people made a fortune by betting on this “dog”.
Strictly speaking, PEPE is a meme coin. "Meme" is an Internet culture that is popular in the same cultural atmosphere or copied and spread in a derivative way. It can be a popular phrase, such as "Your uncle is always your uncle" and "Oli Gei", or it can be a popular emoticon package, such as the sad frog named "pepe" in the picture below. I believe you have seen it countless times when surfing the Internet. PEPE coin was born by capturing the sad frog, a globally popular meme element.
As for why PEPE became popular in the cryptocurrency circle, no one can explain it clearly. It's just that this project appeared, some big Vs in the cryptocurrency circle started talking about it, some people bought it, the popularity increased, and more and more people bought it. As for value, the official website said that PEPE is completely useless and is only for entertainment. There is no formal team or project development roadmap, and it has no connection with the creator of Sad Frog. It is just a tribute to the meme that everyone likes and recognizes.
This is the typical feature of "Tugou". It doesn't matter who the initiator is. There is no roadmap. It blatantly emphasizes that "the value is 0", just like a joke. Public chain tokens can be used as network resources, and decentralized application tokens still have user voting functions, but the "Tugou Coin" project is useless and is only supported by popularity and entertainment. As a big V said, the reason for the surge in PEPE is very simple, that is, the popularity and emotions are in place.
PEPE's official statement is very entertaining and provocative. It says that it was created to make meme coins great again. It's time for the world's most famous emoticon to become the king of meme coins. Therefore, according to the data of the cryptocurrency data statistics platform Feixiaohao, since its launch on April 15 last year, PEPE has risen 274,000 times, and its circulating market value has jumped from 0 to more than 9 billion US dollars.
The cost of issuing coins is as low as 100 yuan, and after the heat, only "packaging" remains
In the cryptocurrency world, there is a meme coin carnival almost every once in a while. Why the carnival? Because this is a speculative market where coins can increase by 100 times, 1,000 times, or even 10,000 times under the catalysis of emotions. It is full of legends of "getting rich overnight" and also inspires people's FOMO (fear of missing out) mentality.
Meme coins have even formed a sector. Dogecoin (DOGE) is recognized as the originator. It uses the cute Shiba Inu image as its logo. Its initial issuance started as a joke. It was created by two people, one is an Australian brand and marketing practitioner, and the other is an American programmer. The two met online in 2013 and hit it off on the idea of creating a satire on Bitcoin and other copycat digital currencies. Dogecoin was born.
Because Dogecoin is not expensive, people in the community initially used it to tip each other and send red envelopes. Later, some people used it for charitable donations. In the following years, its popularity gradually increased, and a Dogecoin subculture was formed in the currency circle. Later, Tesla founder Elon Musk got involved and frequently published content about Dogecoin. In the end, the market value of this digital currency that started as a joke grew by more than 50 billion US dollars, ranking in the top ten of the cryptocurrency market value rankings.
In fact, the cost of issuing tokens on the chain is very low. Anyone can issue unlimited tokens by paying the chain and storage fees, and the cost of issuing tokens is as low as about 100 yuan. In addition, some people have developed batch issuance software through ChatGPT, issuing a large number of meme coins, creating an artificial intelligence "leek harvester", and the threshold for token issuance is becoming lower and lower.
So is there any banker manipulating the market?
This is hard to say. Generally, meme coins are operated on the principle of handing the chips to everyone, so it is hard to say that there is any control mechanism. This directly leads to a very fast drop in popularity once the heat cannot keep up. In the cryptocurrency circle, nothing lasts forever. Valuable projects have to go through cycles, but for memes, the probability of ending in a gust of wind is quite high. After all, it is purely emotional speculation.
It can be seen from shib that no matter what happens, people will not take it too seriously. The label of "nothing serious" has been attached long ago. Who has faith? It's just a faith in prices. Do you think you are just a plate rush?
To put it nicely, it's called creating a better future together. To put it bluntly, it's just for fun. Just like the cultural attribute of meme, it's just a joke. Do I believe that jokes can be invested? I only believe that I will make a profit and run away when everyone starts to fomo.
In the final analysis, memes do not have sustainable value support. So what value does the cryptocurrency have? It's all air. I can't just make a profit and run away. If I catch a meme, I can make a thousand times more. I don't have to waste time learning. If I bet on one, I will rise to the sky and laugh at the heroes.
So how do you play meme?
Or you have to keep up with this circle, see what everyone is discussing, whether it is first-hand information, whether there are signs of market heat rising, and then take a small position. Yes, it must be a small position. This is the logic of 10u War God, gambling.
If you have made money and have recovered your costs, just focus on the price. If you are afraid of selling at a high price, you can just sell out slowly in small positions.
But an important premise is that this part of the position is very small. Even if you are rich, you will put the main cost on currencies with high certainty. In this way, no matter how you participate, the operating logic is not much different from other short-term hot small currencies.
Whether it is Dogecoin or SHIB, they are only a few projects left after the great waves, and the consensus of the crypto community has become their value support. Most of the "local dogs" ended up dead. After the popularity faded, only a "package" was left, which contained not the code of wealth, but the blood and tears of countless investors.
This is the end of the article. Being in a high-quality local dog circle is the first condition for earning a thousand times more. As for how to find the local dog circle, I guess you should know it after reading this. If you don’t know, please leave a message.
