With Trump's historic victory returning to the American political arena, the situation has changed dramatically overnight, and Bitcoin has also reached new heights. However, in the world of cryptocurrency, Bitcoin and other digital currencies are entirely different realms.
Although some so-called 'value coins' representing the future of the crypto industry currently face unprecedented challenges and uncertainties, the wave of MEME coins is once again approaching, forcing us to reevaluate: in an obvious bull market, should we still be optimistic about value coins, or is it that MEME coins are the true future?
Small certainties in value discovery, liquidity driving.
First, before discussing MEME coins, let's briefly review their development history. On the timeline, the history of MEME coins can roughly be divided into several stages:
From the above development history, several key trends can be summarized:
1. Liquidity expansion is fundamental: MEME coins are usually born in bull markets, and the surge in coin prices is often closely related to the expansion of dollar liquidity.
2. Celebrity effect is the driving force: The popularity of image MEME coins like Shiba and Dogecoin cannot be separated from celebrities, especially public figures like Musk.
3. The alignment of MEME with the zeitgeist: From zoo images to internet memes, and then to AI MEMEs, all these reflect the popular culture and emotional appeals of the time, increasingly close to the psychological needs of the public.
4. The lifecycle is drastically shortened: with the emergence of launching platforms for MEME coins like Pump.fun, issuing coins has become increasingly rapid, with lifecycles shrinking from several days or even hours to minutes, making changes more transient.
Back to the era of Doge's rise, it was the era of the 90s, where the popularity of smartphones made images and emojis the primary means of communication. By 2020, for the post-00s generation, understanding internet memes had become basic skills, but compared to the post-90s, they seemed to feel more confused and laid-back, opposing authority and elite culture, and preferring things with absurd and ridiculous meanings, like PEPE. By 2024, AI has become the most cutting-edge and disruptive technology, with the post-00s still being the main force of this trend. While the post-80s are still questioning the prospects of AI, the post-00s have already started making money with AI, quickly embracing change and moving forward with the most forward-looking technological leaders of the era.
Meme coins have now split into several different tracks:
Old meme tracks: such as Doge and Shiba.
Musk track: like Doge and Pnut.
AI track: such as Goat and Act.
Cult track: like Spx6900, Bitcoin Giga, etc.
Zoo track: various cats, dogs, hippos, etc.
Based on the previous bull market, Doge and Shiba's market caps reached 89B and 43B, respectively. In this round, each track should at least be able to produce a leading coin with a market cap between 30B and 50B, which means there are opportunities for more than 10 times returns.
Binance has finally begun to pay attention to meme coins.
As early as May 2024, Binance issued an announcement requiring small and medium-sized projects to submit listing applications. In fact, their purpose is very clear - they want to take advantage of the meme coin boom to make a big profit.
From the perspective of trading volume and community activity, meme coins have become one of the most watched and speculated areas in cryptocurrency.
Binance recently listed two popular meme coins, $PNUT and $ACT, and as a result, their prices soared instantly.
This also proves that meme coins are truly one of the most speculated assets in the market right now. Therefore, Binance is likely to continue listing more meme coins.
Believe me, the super cycle of super meme coins is real, and this is just the beginning!
Why did PUNT soar recently?
As Trump is about to return to the White House, the overall crypto market is also rising. This former president's support for cryptocurrency has excited investors. Moreover, Musk has been promoting Dogecoin, and this time he will join Trump's 'Department of Government Efficiency.' Coincidentally, the abbreviation for this department is the same as Dogecoin (DOGE), and as the leader of meme coins, Dogecoin's market also saw a new round of explosion. With Musk's support, PUNT, which he previously backed, also surged.
On November 13, Musk directly recommended PUNT: "A squirrel and a Meme coin saved America!" With the joint push from Trump and Musk, the price of PUNT skyrocketing is hardly surprising.
Under the leadership of Trump and Musk, PUNT has soared.
The recent surge of PUNT is actually related to the overall meme market trend. In the current wave of the crypto bull market, Bitcoin and the meme sector have performed the best. According to SoSoValue data, the overall meme sector has increased by 11.90%. In addition, the Trump-themed concept sector is also very hot, with an increase of 189.05%, among which Peanut the Trump (PNUT) performed particularly outstanding, with a 24-hour increase of 324.49%, and trading volume exceeding 6 billion USD. Overall, meme projects continue to attract a large amount of market liquidity. In the top 10 cryptocurrencies by trading volume in the past 24 hours, 6 are meme coins, including DOGE, SHIB, PEPE, WIF, BONK, and PNUT.
The influence of Memecoins is no longer limited to attracting crypto enthusiasts; they are becoming a powerful entry point for introducing cryptocurrency to newcomers. PUNT's continuous new highs once again prove the unique charm of meme coins - they break away from the traditional narrative of cryptocurrencies, focusing more on community and entertainment value, creating a more free and relatable environment for ordinary people's needs.
