When will the spring of value coins come? Now they are suffering and starving. Every time they fall, they doubt whether there is something wrong with the fundamentals and narrative, whether the logic is correct, whether the direction is a track that will flourish in the future, and whether it is the preference of the "core circle".
Only meme is worth believing in all the time. Every rise and fall is very elastic. As long as the consensus is still there and the community is alive, there will always be people playing. $PEPE $WIF is a typical example.
One of the biggest highlights of this bull market so far is indeed some MemeCoins. Especially since the beginning of this year, the market value of many newly-born MemeCoins has exceeded the 1 billion US dollar mark, such as PEPE, WIF, Bonk, etc., and the growth of these MemeCoins has also exceeded 90% of the currencies in the market.
If we simply compare the cryptocurrency world to a casino, then MemeCoin is like playing dice. You don’t need to understand too many casino rules or study any profound gambling techniques. Although there will be a dealer in any casino, the way MemeCoin is played seems to be relatively "fair". As long as a group of people gather together, they can just throw the dice to see the size. It’s quick and easy.
Some other currencies are similar to playing mahjong or Landlord, which requires not only fighting against the dealer, but also mastering various gambling techniques. Moreover, compared with simply throwing dice, the participation period of a mahjong game is also longer, and some mahjong tables do not even give retail investors too many opportunities to play.
Therefore, MemeCoin has always been a special existence in this field, especially when the casino business is booming, because it is also the easiest thing for many newcomers to access and understand after entering the casino (they don’t even need to understand it), and it has the effect of getting rich quickly and attracting people.
Why do so many people choose to play MemeCoin? Let’s think about this question in detail:
Meme assets emphasize more on the concept itself rather than how strong the technology or financial system is. Therefore, the threshold for issuing meme assets is relatively low, which is both its advantage and disadvantage. That is, anyone can issue them, resulting in many projects, but few of them actually succeed.
Why do memes become popular and what factors are at work? Here, based on currently known projects, we will take stock of some reasons. You are welcome to add to them.
1. The explosion of popularity brings in users outside the circle
Because memecoins are nothing, marketing becomes very important, and the best marketing is to make people make money, and people will spread the word. If you ask some outsiders, some people may not have heard of mainstream assets such as ETH and BNB, but most people know Dogecoin. Why is BRC20 so popular? On the one hand, it is because it is backed by the Bitcoin ecosystem, and another important reason is that some people make money, and then everyone rushes in.
2. Easy to understand
The classic one is "Bitcoin is gold, Litecoin is silver". What's the difference between Litecoin and Bitcoin? It's just because it has a good name. The slogan is well-known and deeply rooted in people's hearts, which can save a lot of words.
3. Familiar with Yichuan
This industry is very similar to the entertainment industry, where traffic is 80% of success. For example, the sad frog image of pepe itself is widely circulated, as well as the pet concepts of various well-known founders, Musk concepts, BRC20 sats, piin, etc.
4. Innovation
The story is relatively novel and has some innovative points. HarryPotterObamaSonic 10 Inu (Bitcoin) is an abstract memecoin that combines elements of Harry Potter, Obama and Sony. Aidoge is distributed to Arbitrum users at a 1:1 ratio, which is the early distribution model of rats, etc.
5. Fairness
The fairness here is relative, which means that in the early stage of chip distribution, retail investors have the opportunity to get cheap chips, and most BRC20 are included in this category.
The above are some of the characteristics of some of the popular meme assets. Everything revolves around the word traffic, but no matter what, there are people behind the project pushing it forward.
So how do you choose the Meme coins with room for growth among so many? Avoid missing out on the opportunity and going to zero
Here are 4 rules to succeed in memecoin trading.
1. Celebrity Effect
The celebrity effect is often very obvious and direct in stimulating MEME tokens
The most obvious celebrity effect is DOGE, as well as SHIB, PEPE, and WIF. As a well-known figure in the world, Musk once posted a message on Twitter that was optimistic about DOGE, which focused the entire network's attention on DOGE, thus driving up the price of tokens. , its stimulating effect is very significant. In addition, SHIB, PEPE, and WIF belong to Musk's concept, and their growth rates are also amazing.
2. Follow the trend
Whether it has innovative or easily spreadable topics
If the meme on Solana soars, find the local dog on Sol chain
If the meme on Base soars, find the local dog on the Base chain
Innovation has the attribute of being a topic that can be easily spread. This determines how many people the project can impress and how far it can spread. Don’t be attached to any specific public chain or project. We are here to make money. Go wherever you can make money. To make money, you must follow the trend.
3. Follow the “smart money” and use on-chain tools to analyze whale wallets
Tools like Dexscreener and Blockchain Explorer are your best friends in collecting the necessary data points.
Open Dexscreener and look for the most recent meme that has surged
Check out the “Top Traders” section to find whales who made 10-1000x. Select 3-10 successful traders and verify if they are still trading other tokens and their win rate on their trades. By doing this, you will be able to identify promising meme tokens before others.
4. Predict price trends by tracking community engagement and measuring market sentiment
Google Trends is one of the common ways to measure the market's interest in a topic, and Twitter sentiment indicators help measure the sentiment of market participants and can sometimes be a leading indicator. In addition, the number of MEME project currency addresses and the number of MEME project Twitter followers are also very important indicators of concern. In addition, whether it is distributed to a wider group for free and fairly is also a very important indicator, because free and fair distribution often attracts higher market attention and popularity.
Which Meme coins are worth paying attention to at present?
1. BABY
First, from a supply perspective, the total supply of PEPE Coin is fixed, which means that it will not be affected by inflation, which provides it with potential stability as a store of value.
Furthermore, PEPE coins have the characteristics of anonymity and decentralization. Although transaction records are recorded on the blockchain, the identities of individuals involved in the transaction are anonymous, which provides users with higher privacy protection. At the same time, its transaction process is not controlled by any central agency, reducing the need for trust and auditing.
Apart from this, another recent analysis by CoinGape Media highlighted bullish factors for the frog-themed meme token, rationalizing the continued bullish trend of Pepe Token towards $1.
Many people say that PEPE will become the SHIB of this round. I personally think that there is still a small chance so far.
2.WIF
Dogwifhat (WIF) is one of the latest tokens to capitalize on the Solana memecoin trend. The token’s mascot is based on the popular internet meme of a Shiba Inu wearing a pink hat – “wif”.
Compared with Dogecoin, which has a long history, WIF was born only half a year ago and debuted in December 2023. In a short period of time, the project has raised more than US$3 billion in funds. Especially in March this year, it achieved significant growth, and the value of the token increased by 4 to 5 times. According to CoinMarketCap data, WIF has increased in value by 1,835% since its issuance, despite the current correction of more than 32% from its historical high.
