Why does blockchain have such a great opportunity?
In the cryptocurrency circle, there is a kind of weird virtual token project that is quite popular. People usually call it "Tugou". These projects usually have anonymous teams, little technical content, emphasize grassroots culture, and even say "tokens have no value". They have a strong meme gene, and the project logo is sometimes an emoticon package.
Dogecoin is the originator of this type of project. At first, people just thought it was fun and bought it. As more people bought it, a community was formed and a collective resonance was generated. Recently, the "Dogecoin" craze has come again. The PEPE coin, whose logo is taken from the famous Internet IP "Sad Frog", has suddenly become popular and has increased 270,000 times in half a month.
After PEPE, a large number of "Tugou" meme coins appeared. Speculators felt the huge price fluctuations while quickly entering and exiting, and the thickness of their wallets also changed.
In the face of the myth of getting rich quickly, only a very small number of people are lucky. Looking back at each wave of meme digital currency craze in history, most projects ended up going to zero, and this round has already caused heavy losses for some people. In fact, the cost of issuing tokens on the chain is as low as 100 yuan, and even ChatGPT can be used to write software for batch issuance of tokens. The threshold for the sickle is getting lower and lower.
PEPE coin increased 270,000 times in half a month, and the "earth dog" became a "gold dog"
When it comes to the digital currency market, Bitcoin and Ethereum are the most well-known. The former is a "digital gold" with stronger asset attributes, while the latter, as the underlying network resource, has spawned a large number of blockchain applications.
What many people don’t know is that among the tens of thousands of digital cryptocurrencies, there is a special type of project, which is figuratively called “dog money” by people in the industry. As the name suggests, this type of project has neither the support of a big technical team nor the favor of investment institutions, and the labels attached to them are often “grassroots”, “copycat” and “scam”.
This type of project has recently set off a wave of speculation in the cryptocurrency circle, with PEPE coin being a typical example, increasing 270,000 times in half a month. I did not write it wrong, and you did not read it wrong, it is not "times", but "10,000 times", and a small group of people made a fortune by betting on this "dog".
Strictly speaking, PEPE is a meme coin. "Meme" is an Internet culture that is popular in the same cultural atmosphere or copied and spread in a derivative way. It can be a popular phrase, such as "Your uncle is always your uncle" and "Oli Gei", or it can be a popular emoticon package, such as the sad frog named "pepe" in the picture below. I believe you have seen it countless times when surfing the Internet. PEPE coin was born by capturing the globally popular meme element of the sad frog.
The sad frog Pepe that has become popular all over the Internet
As for why PEPE became popular in the cryptocurrency circle, no one can explain it clearly. It's just that this project appeared, some big Vs in the cryptocurrency circle started talking about it, some people bought it, the popularity became higher and higher, and more and more people bought it. As for the value, the official website said that PEPE is completely useless and is only for entertainment. There is no formal team or project development roadmap, and it has no connection with the creator of Sad Frog. It is just a tribute to the meme that everyone likes and recognizes.
This is the typical feature of "Tugou". It doesn't matter who the initiator is. There is no roadmap. It blatantly emphasizes that "the value is 0", just like a joke. Public chain tokens can be used as network resources, and decentralized application tokens still have user voting functions, but the "Tugou Coin" project is useless and is only supported by popularity and entertainment. As a big V said, the reason for the surge in PEPE is very simple, that is, the popularity and emotions are in place.
