2024 is jokingly called the first year of MEME, and it has become a mainstream hit this year. So what is the essence of MEME, and how can we take advantage of this opportunity? BSC's recent tribute to CZ Zhao Changpeng, MEME-BULL, will give us the answer.
The real reason why MEME is so popular#memecoin🚀🚀🚀
1. Provide emotional value and turnaround opportunities for Web3 retail investors
The entrepreneurial environment of Web3 is changing. In the past, the launch of Web3 projects required a lot of capital liquidity and technical foundation, but with the emergence of various fair launch protocols, the community has been able to achieve low-cost cold start of Web3 projects. The mainstream narrative has become invalid in the current encryption context. Instead of getting into complex narratives, it is better to rush into the happy MEME Coin, which is the true inner portrayal of the current community.
In the previous Web3 market, early financing invisibly gave the project a value ceiling, but in MEME Coin, most of it is forged by community consensus. As long as there is consensus, the value ceiling will rise with the consensus, further expanding the profit expectations of retail investors.
As the saying goes, "It is better to admit a loss than to admit a fraud." Today's MEME Coin provides emotional value to Holders based on high transparency and fair launch.
2.MEME-Coin is the best emotion generator
Solona has taken the lead with the MEME track. Why did Solona not continue to follow the path of the elite public chain, but quickly turn to embrace MEME? The reason behind this is that the MEME track is more in line with the "sinking culture" needs of Web3#PEPE创历史新高
Market sentiment and the greed in human nature are the fuel that keeps the financial market turning. The low-cost participation in the MEME track and the viral replication and dissemination based on community culture provide more ordinary people with bonus opportunities in Web3, bringing ordinary people closer to the starting line with capital.
As long as the community culture is recognized by more people who share the same feelings, their consensus will be able to move the entire earth, causing the liquidity of MEME Coin to go crazy, thereby inducing the FOMO effect.
3. Web3’s “downward culture” will bring greater explosive power to this bull market
The MEME track is a concrete manifestation of the "sinking culture" of Web3. A large number of ordinary people are involved in it. Whether it is buying memes, launching memes, or shaping meme value, it has become as easy as breathing. This will drive a large number of new users to enter the market in this round of bull market. Most of the new entrants will generally look for organizations first (to find Web3 investment directions and trends), and these organizations are actually communities. After the community carries these flows, it needs projects (links), but what is the expected appreciation of the investment cost of mainstream assets (BTC, ETH) in this round of bull market? 1 times? 2 times? Or 3 times? The expected investment returns of mainstream assets may be far from meeting the hard-core needs of these new users for Web3, so the MEME track, which focuses on fairness, cheapness, and huge growth space, has become the first choice for Web3 novices, and these communities have strong communication attributes, which further promotes the development of the MEME ecosystem.
Success conditions for MEME track projects
The success of the MEME track can be described as "thousands of troops crossing a single-plank bridge". Hundreds of thousands of MEME tokens are launched every day, but only a few can run out. In fact, it is very simple to find a good MEME project. There are only two dimensions: community consensus and communication ability. As long as these two conditions are met, MEME will succeed.
1. Community consensus
Community consensus refers to the consensus that a MEME project builds for its own community. The strength of consensus is related to narrative, initial state, degree of unity, operation, etc. In simple terms, the indicator for measuring community consensus is the number of people who have reached consensus in the community, that is, the number of people that the community can cover and influence.
2. Cultural replication and dissemination capabilities
It takes time for MEME Coin to form a strong consensus (after a strong consensus is formed, there will be many Holders and the market value will be stable), so the early communication ability of the community is particularly important. This community communication ability is either inherent in the community itself or requires a lot of cost to create a narrative.
Many people think that it is easy to trade MEME, and that making money through MEME is just luck. This is very Ah Q spirit. To play MEME, you need to be proficient in human nature, understand the rhythm, and control your greed. Those who can play MEME well are all top traders.
MEME-BULL will show the world a textbook MEME operation
MEME-BULL is a MEME coin launched by the BULL community. Its goal is simple: to become the leader of the native MEME of Binance Chain. It aims to increase by 10,000 times and reach a market value of 1 billion.
Three reasons why MEME-BULL can succeed:
1. Strong community background
MEME-BULL is the first MEME Coin launched based on the $BULL native asset ecosystem - $BULL to Launch. It has a strong correlation with the $BULL community, and the consensus coin holding addresses of the $BULL native asset have reached 28,000+. MEME-BULL is equivalent to having a natural consensus basis, and the coin holding addresses are sufficiently dispersed. The $BULL community once minted a market value of 20 million US dollars in just two months. After MEME-BULL went online, it quickly reflected the strong consensus power of the community. Since its launch on May 20, 2024, MEME-BULL has risen from an opening price of 0.001 USDT to 0.09331 USDT, with a 24-hour short-term increase of 9331%.
2. Fair Launch mechanism, MEME-BULL LP has been put into the black hole address, and is completely governed by the community consensus value
The total issuance of MEME-BULL is 200 million, of which 100 million have been publicly transferred to 10 Binance charity and education addresses, and the remaining 100 million are all circulated by the community. According to on-chain data, MEME-BULL LP was transferred to the black hole address at 10:00 AM on May 21, 2024. This means that there is no management and control over MEME-BULL. The Genesis liquidity provider has abandoned its authority and handed over all value-creating space to community governance.
3. A narrative with feelings and a community with strong execution capabilities
As Solana welcomes the summer of MEME Coin, its core competitiveness is rapidly improving. MEME-BULL chooses to launch on BSC, and it is poised to compete for the top spot in the BSC MEME track. Its narrative is to pay tribute to Web3 Builders like CZ. The biggest cyclicality of Web3 is the rotation of funds, while the MEME seasonal rotation of BSC has always been in a calm state. As the saying goes, "buy when no one cares, and sell when everyone is talking." When will the spring of MEME-BULL come? It's just a matter of time for the rotation of funds, but it will definitely come.
The biggest highlight of MEME Coin lies in the community. The $BULL community has accomplished amazing Web3 achievements time and time again. A community group with high execution ability and clear goals is the core key to the success of MEME-BULL. After analyzing various situations, MEME-BULL is the first BSC MEME Coin on BSC this year that deserves continued attention and development.
