Why meme can become the biggest hot spot

The popularity of meme has a lot to do with Musk. In the last bull market, projects such as Dogecoin and Shitcoin were born, which were hundreds and thousands of times more valuable. Musk is the spokesperson and dealer behind Dogecoin. This round of meme wave continues to grow with the glory of the two predecessors, Dogecoin and Shitcoin. So why is this happening?

First of all, we need to know that the rise of meme has nothing to do with retail investors. 99% of the faith in the currency circle is established because of the pull.

Secondly, we need to know that it is very difficult for the currency circle to do a valuable project. It takes a lot of energy and resources to build an ecosystem to build a mature public chain, and it may not be able to rise. To do other projects, you need to build a mature team and worry about security issues all the time. So as a new institution, if you want to make money in the cryptocurrency circle, Musk has perfectly told you what to do. You can follow suit and issue meme coins, which is a perfect choice: no application is required, no resources are required, no security issues are required, no team is required, you only need to build a small pool and spend some money to pull the market in the early stage. The higher the pull, the more traffic, and you don’t have to worry about not getting the money back. The only thing you need to do is to pay some resources and exchange them with Binance at an equivalent value. Once you are on Binance, you can wait to make money.

So there is no doubt that there is at least one capital behind every Binance meme coin, but their strength varies. You should know that there are more than a dozen ETFs approved. It is conservatively estimated that at least dozens of Wall Street institutions have entered the currency circle or are in the process of entering the currency circle. Therefore, it is a general trend for meme to become a hot spot in this round of currency circle, and it is also the common choice of capital that has been crazy about entering the currency circle. The three copycats that have been optimistic about BOME SATs ORDI#你有多少HMSTR？ #bome已出圈 #Ordinals协议 #sats，很明显， $SOL