In fact, the big pancake is the biggest meme coin!
It is a distinct symbol of the decentralized world, with its symbolic value far exceeding its actual technological application value.
Ether, as the 'world computer', derives its value more from the construction of the ecosystem and the expansion of practical applications.
Currently, two major camps have formed: one represented by the big pancake meme coin camp, and the other represented by Ether as the VC coin camp.
The market is gradually splitting into two factions, with some investors more fond of the big pancake, viewing it as a speculative asset or a means of value storage;
the other part focuses on Ether and the practicality and innovative potential contained within its ecosystem.
As a result, the rapid surge of the big pancake has led to an unexpected outcome — the rise of the meme coin craze, with speculative groups dominating the current market;
while Ether's relative weakness has temporarily suppressed various 'value coins' that possess practicality.
Meme coins are characterized by rapid trading rhythms and extreme volatility, providing investors with a strong sense of participation and stimulation.
Given the limited resources of market attention, since practical coins represented by Ether, or what we call VC coins (these tokens usually have investment logic and value underpinning) are in a relatively quiet state, investors have flocked to the meme coin, a 'big casino' full of variables.
The simplicity and entertainment of meme coins lower the participation threshold for novice investors.
Furthermore, the strong support from well-known opinion leader Elon Musk for Doge has greatly aided the widespread dissemination of meme coins.
The favorable factors interwoven together, such as the favorable timing created by the bull market cycle, the advantageous geographical conditions brought about by the loose policy environment after the new U.S. government took office, and the gathering of people driven by Musk, have jointly contributed to this round of meme coin's explosive market.
However, assets lacking a foundation of value are difficult to sustain long-term; therefore, after the meme craze fades, the market will ultimately return to rationality, and funds will still seek assets that possess storytelling and imaginative potential, as only such assets have greater value growth potential.
So, there is no need to lose confidence in the VC coins represented by Ether due to the current situation; funds will ultimately flow towards tokens with grand narratives.
As the saying goes, believe in Ether, believe in the altcoin season!