Why are Meme coins so popular?
1. Investing $2000 in mainstream coins goes back and forth with volatility, and you can't buy much, even if it rises a bit, you won't make much money.
Real investors make money during cycles. They build positions in a bear market and wait for a bull market to sell, then wait for the next bear market. No one can say how long a cycle lasts, and for an ordinary investor, waiting a few years for their $2000 investment to double or triple is unbearable. They came in hoping to get rich quickly, and can't accept the mindset of waiting.
2. Investing in meme coins is different; it doesn't require much professional knowledge, just FOMO buying is enough. This is very friendly for ordinary investors. Moreover, the entire investment cycle is greatly shortened, with results visible in weeks, days, or even hours.
3. Every day, dozens or even hundreds of new meme coins launch under the banner of fair launches, with hundreds of thousands of retail investors rushing into various projects every day. Many people can't sleep unless they invest at least once a day; they want to hit the next 600457936164758653065055960693802, etc. This phenomenon not only attracts those wealth myths but also provides real-time high-frequency feedback, along with like-minded individuals in groups comforting each other and FOMOing together, while also allowing for small bets to reap big rewards.
4. Many retail investors put in small amounts and see returns multiply by several times in a day. If it crashes, they curse a bit and then accept it cheerfully; if it rises, they shout together, FOMOing as a family, looking for quick results and no time to waste, as they need to rush into the next one.
5. The latest Dogecoin concept, Marvin (7055), has a strong narrative and community consensus, continuously pushing forward! Now valued at over ten million dollars, it's also at the bottom; those who haven't jumped on board should hurry up!