I haven't seen anyone talk about the principle of meme's rise. Do they all make money from cognition? When you enter the currency circle, you see a lot of awesome narratives and technology coins with great ideals. Don't you think that this is where the value lies? But in fact, if you look at the real companies, the market value of some unicorn companies is not even as good as some value technology coins. However, do value technology coins really have such high value and awesome technology? There is too much water in it. Moreover, technology is not stable. Technology can change overnight, and there are also big differences. Everyone brags about it. It depends on the policy. And how many technologies can be implemented now? It will take time for blockchain technology to change and popularize. Most technology coins rely on favorable conditions and technological breakthroughs to update the rules. But can capital wait? Bitcoin was created to deal with inflation. When inflation stabilizes, the tide of funds will recede. When technology cannot be satisfied and implemented, meme becomes the best safe haven.

So why can meme coins rise first in every round? In fact, meme coins can be seen as a piggy bank. The meme coins issued on a certain chain are the piggy banks on a certain chain, which are reserve funds. If you want this meme to have a large market value, you need strong consensus, strong narrative, stories, and emotional value. When such a meme appears, it is when the funds on the chain come in to save money. The stronger the story and the higher the emotion, the easier it is for large funds to enter with confidence. This is the case with pnut in the past few days. Why do funds come in to save money instead of doing technology? Inflation, risk aversion, and capital allocation have become the reasons for most people and institutions to choose. If there is a breakthrough and landing in technology, funds will immediately come out of the piggy bank and enter the technology coin. Do you understand why funds choose meme after seeing this?

However, the meme coin on the chain has an upper limit, and its market value cannot exceed the chain it relies on. The chain it relies on is also a technology chain, and technology is risky. Bitcoin and DOGE are different. They can be understood as independent memes that do not rely on anyone or any chain. They are the piggy banks of the digital currency world. Bitcoin is a currency created to combat inflation. As a currency, Bitcoin is not suitable for circulation due to its too low quantity and too high value. However, DOGE can be circulated and used in reality.$BTC $DOGE $PNUT