Unique Advantages of Memecoins
In contrast, memecoins have their own unique advantages. Memecoins do not need to rely on complex valuation models or actual revenue to support market value like traditional technology tokens. Their advantage is simplicity and directness - the token itself is the product. Memecoins are not an attack on crypto technology, but a counterattack against crypto technology tokens. Memecoins and altcoins are actually promoting the same thing - the token itself, not the technology behind it.
Memecoins are the spiritual embodiment of the ICO wave in 2017, but they appear in a new form and are more pure. They represent a more direct community economy that does not rely on complex technical narratives, but uses simple and easy-to-understand ways to attract the market.
Many venture-backed technology projects are overvalued and lack real community support. Memecoins use the community to build a strong brand and loyalty, allowing the project to continue to operate. In contrast, venture capital projects rely on private placements and high valuations to drive the market, while memecoins use the cohesion of community power to allow participants to profit from it and become loyal supporters.
