With the Federal Reserve cutting interest rates by 50 basis points, the bull market is about to begin. Among the dazzling array of meme coins, how do you find the No. 1 one in your mind?
Before this you must know what meme coins are! !
The way meme coins operate mainly relies on community promotion, narrative capabilities, hype, economic models, and celebrity effects to drive their price and influence.
Community promotion and viral marketing: The success of Meme coins is inseparable from the participation and promotion of community members. The value of these coins often comes from the formation of consensus. This is a bottom-up promotion model. The activity and participation of the community are the core driving forces of currency price fluctuations.
Narrative and hype: The narrative ability of Meme coins is crucial. For example, DOGE is derived from the popular dog emoticon on the Internet, while SHIB was created to surpass DOGE. This narrative attracted a large number of followers and formed a community culture. In addition, through hype and events, such as giving large amounts of coins to celebrities, exposure and popularity can be quickly increased.
Large and cheap: Meme coins usually have a very large supply. For example, the supply of DOGE has exceeded 140 billion, which makes its price relatively cheap and lowers the barrier to entry. Large supply and low prices make investors feel like they can hold large amounts of tokens at a low cost, increasing the appeal of participating.
Celebrity effect: Celebrity participation and endorsement often bring huge impetus to Meme coins. For example, Elon Musk often expresses his support for DOGE through social software. These speeches often trigger violent fluctuations in the market.
The way Meme coins operate combines the process of cultural communication, community, celebrity effect and hype. Its core is derived from community consensus rather than the technical foundation of traditional cryptocurrencies.
Based on the above arguments, Muskâs dog #Marvin (7055), strong community support of tens of thousands of people, the halo of celebrity blessings, and the current low market value. The important thing is that November 1st is Marvinâs birthday, which is about to trigger rising sentiment. The above points are all present. , on this day, please grasp the password of wealth.
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