Why is MEME coin popular? 💦💦💦
Meme coins are simple and have better release. Basically, everyone directly bets in a relatively fair environment. Its greatest value is actually "buy me, I might be able to increase 100x".
If all speculative behaviors are like betting in a casino, meme is just one of the gambling tables.
This gambling table must be relatively fair and transparent. All the rules are centered around pulling and smashing the market. People are willing to accept the loss. For memes that return to zero or rugged, people have a high tolerance.
On the meme gambling table, the dealer or community only needs to find a way to show some unique narratives and present some essential things, such as fairness, pattern, art, culture, etc. As long as a certain point can touch people's hearts, you can start gambling.
Now, let's change the angle. Altcoins are actually memes, but they tell stories in different ways. Let's look at some classic cases:
DOT
The protagonist in the center of the last bull market, his story is that Ethereum 2.0, created by the author of the Ethereum Yellow Paper, is much more advanced and will kill ETH in seconds. Its valuation is directly comparable to or exceeds ETH. Combined with short-term operations such as parallel chain auctions to lock up a large number of chips and attract attention, it has reached a market value of tens of billions in the bull market.
So how many of these narratives are true? We couldn't see it clearly at the time, but now we can understand it. It's all nonsense.
There are only two differences between this coin and meme coins:
First, the story is different. Meme tells stories about frogs, dealers, culture, etc., while DOT tells stories about ETH killers, ETH Yellow Paper authors, blockchain upgrades and the future. It's just a different story. You may say that the development cost of DOT is completely different from that of Pepe and the like, and how many developers and engineers are behind it. But please note that these differences may only serve the story.
Second, the shippers are different
The shippers of dot include the team, investors (hundreds of times online), market makers, and node big holders.
Meme is completely different. For example, in the meme bome on sol, all chips are distributed by paying money. Even if the dealer wants to hold the currency, he must first pay sol. The paid sol does not go into his pocket, but directly into the pool, which means that the dealer will have more chips in his hands...
But after adding the pool, everyone starts from the same starting line. If you don't want to play, you go to smash the market. If you want to play, you buy it. The casino begins - there are no hidden shippers, and there is no additional issuance mechanism like dot, which gives you a huge amount of tokens every year.
