MEME and Crypto
1. MEME is a continuous presence in the crypto field
Technology represents rationality and is driven by efficiency. Emotions are emotional and are the externalization of emotions.
In addition to rationality, people are also emotional. In addition to blockchain ledgers, the crypto field also has various emotional expressions, and MEME is the concentrated embodiment of these things.
In the crypto field, the vast majority of people are not developers, scientists, researchers, or investors, but non-professional players from different fields.
Most players will not deeply understand the underlying logic of the technology or delve into trend changes, but can feel the market sentiment and understand the culture behind it.
Therefore, narratives that are simple enough are often more powerful. For example, a description similar to "Bit Gold" can be understood without overly complex knowledge and is easy to spread.
Because of this human characteristic, MEME has always been a continuous presence in the crypto field.
2. All crypto tokens have MEME content
In a sense, the entire crypto token is within the spectrum of MEME, but the content is different.
If you look at it from 0-100,
* 99.9% purity: such as pepe, doge; more than 50% is normal.
*At the current stage
AI has 90% meme content;
BTC L2 has 80% meme content;
defi has 30-50% meme content;
4) Meme content below 30% is rare at present, mainly some very few projects that have achieved a positive cycle of revenue.
Narratives and memes are intertwined.
3. The relationship between MEME and price is different in different periods
The relationship between MEME content and price is complex and different in different periods. It is different during bull and bear markets, and it may even be different in different periods of bull markets. Sometimes the higher the MEME content, the higher the valuation; sometimes it is the opposite. For example, during the peak of the bull market narrative, high meme content may push up the valuation, while the bear market is the opposite. At a certain period of the bull market, the narrative is exhausted, the fundamentals highlight the value, and the high meme content is not conducive to pushing up the valuation.
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