The original author of this article is a well-known figure in the mining circle, Bruce.
Before discussing this topic, let's review which memes in history have reached a market value of 10 billion dollars. There are only two: $DOGE and $SHIB.
These two coins have several common points:
1. None of them are projects founded by Chinese people, which is crucial.
The founder of Doge is @BillyM2k, an American; the founder of Shib is a Japanese person using the pseudonym Ryoshi.
Why can't it be a project founded by Chinese people?
It's not that our Eastern power is inadequate; in fact, Eastern power is very capable, very damn capable.
Whether it's #Bitcoin or #Ethereum, they were both initially pushed by Eastern power. Including now, the leading and secondary mainstream Crypto exchanges have all been developed first in mainland regions. Even today, Chinese users still comprise the majority of many exchanges, and this is supported by data.
But why can't we choose memes created by Chinese people?
Because: Chinese projects find it difficult to integrate into the world.
Having money alone isn't enough; lacking a sense of cultural identity is not just an issue of a single project or community, but a historical cultural problem. Let's not digress and return to Crypto.
2. They have all been “tapped” by world-class influential figures. Doge has Musk, Shib has Musk, and also Vitalik.
3. They have all been reported by global mainstream media, such as The Wall Street Journal, Bloomberg, Financial Times, AFP, BBC, and domestic media like Xinhua, Tencent, NetEase, etc...
The reason mainstream media is called mainstream is that it has a large audience, with daily readership calculated in the hundreds of millions. Moreover, reports from mainstream media can bring external traffic and funding; the coverage by KOLs is mostly limited to industry insiders.
4. They all have grand narratives; they are not merely memecoins. Doge's narrative is payment, quite significant, right?
What is the scale of the global payment system?
The narrative of Shib is a decentralized DeFi exchange, perfectly timed with the previous bull market's DeFi summer, definitely a champion.
Looking at this year's memes, who has a narrative?
There is basically nothing, just whatever cat or dog is popular, they jump on it, form a community by pulling a few people together, calling it work when they push, and calling it construction when they post a few pictures. If they get stuck, they blame other communities for PVP, completely lacking core, goals, and vision. They don’t even know what their values are.
So we cannot blame PVP; existence is reasonable.
The reason PVP exists is that there hasn't been a phenomenal project this year that makes everyone stop PVP.
But now it has appeared, and just a few days ago, it is $Ban on SOL.
$Ban's DNA is exactly the same as Doge and Shib.
1. Projects founded by foreigners, Sotheby's vice president, the most top-tier auction house globally, with clients being the world's top millionaires and royal nobles. Isn't this impressive? Moreover, on the day of its establishment, they sent their coins into a black hole.
2. Ban's benchmark artwork (the tape banana) was “tapped” by Musk in 2019; will it be tapped again this year? Definitely, next month in New York for auction, a hotspot of global attention. Musk, this little king of traffic, will certainly not miss it.
3. $Ban was reported by mainstream media worldwide three days before its launch. Mainstream media brothers, from all over the world. 4. A grand narrative, the narrative of $Ban is RWA (real-world assets on the chain); every major market trend brings a new concept that ignites the market. The past DeFi and NFTs can no longer be recycled by the market; looking at the present, only the RWA track remains unbaned by Ban. Now do you understand why I chose to join $Ban and contribute to $Ban?
Because I understand, this is the target of this round of 10 billion.