jakiro
Author: Nomos Labs Source: mirror
Few people have thought that the birth of Meme coins may be a “cultural experiment” in the crypto world: how much can a joke be worth?How many waves and ripples can a humorous joke drive in the financial world?From DOGE to SHIB, to $Neiro, which has a high yield this year, these seemingly “nonsense” currencies have repeatedly refreshed people’s views on the narrative capabilities of Meme coins.
In 2024, the Meme currency market is still very lively amid uncertainty.It is not only an entertainment symbol in the encryption circle, but also a paradise for speculators and a barometer of market sentiment.But if we dig out the story behind the skyrocketing price, we will find that behind this carnival, there is a familiar and unfamiliar logic driving: Meme culture, market sentiment and technical narrative are redefining the value boundaries of Meme coins.
1. How can Meme coins tell a “good story” about emotions?
On the surface, Meme Coin is a continuation of the Internet meme culture, but its real charm lies in its ability to quickly gather emotions through storytelling and shape short-term “group fanaticism”.But for the long-term value of Meme coins, no one has been able to clear away the fog and find the countless certainty and connotations composed of stories in that “bubble”.
It’s a joke, but also a cultural resonance
The earliest $DOGE Dogecoin can be said to be a complete “spoke”.It has neither complex technical support nor ambitious application plans, but with a Shiba Inu emoticon package, it has become the spokesperson for the Internet meme culture.In 2024, this meme narrative was further developed. New players not only attracted attention by “jokes” and “humor”, but also began to play cultural and emotional cards.
For example, Pepe’s sad frog image behind it has long been a classic in online culture. Its popularity does not depend on technical highlights, but on community communication and cultural identity.In a short period of time, Pepe’s community size has grown explosively, becoming the largest dark horse of Meme coins this year. It is not difficult to see that as long as you can grasp the “emotional point” in the online meme culture, Meme coins can quickly tell good stories.Win consensus.
Community Driver: More like an emotional game
The popularity of a Meme coins must be behind it.Elon Musk’s support for Dogecoin, $Pepe’s “Frog Legion”,These community members are not only investors, but also “content creators” that actively communicate..They are keen on “creating memes” and attracting people on social platforms, and even turning Meme coins from a “joke” to a “trend”.
The $SHIB example is typical.In 2024, it not only relies on meme culture to maintain its popularity, but also attempts to attract long-term users through technical narratives. For example, its metaverse project Shibaverse, which is still in its early stages, is enough to give the community a new “showing point”.
We can see from this that for Meme coins, meme culture is the background color, but its true charm is the ability to socialize narrative – telling a story that resonates emotions, so that everyone can “want to buy, dare to buy.””.
2. Magnifying glass of market sentiment, a safe haven for speculators
But no matter what, the underlying logic of a “good story” that can affect market changes needs to be “interest-driven”.The reason why Meme coins continue to be popular is not only because it is “fun”, but also because it has become a safe haven for speculators when the crypto market is sluggish.
Prices soar, the “myth of getting rich” that speculators love to talk about the most
Looking back at 2024, the most eye-catching market is undoubtedly the surge in $Pepe.From the beginning of the year to the middle of the year, the price of this sad and funny frog has increased by more than a hundred times – the market is attracted by this type of currency not because of its strong technology or application, but because it is easy to “come into speculation””.
The issuance threshold of Meme coins is low, the unit price is extremely low, and the room for growth seems to be infinite.This feature is particularly friendly to retail investors: even if it is only a few hundred dollars, you can still gain a “10 times, 100 times” imagination space.For investors who “enter late”, this high-risk and high-yield speculative variety has become their best choice for catching up with the wealth effect.
Market fluctuations, “emotional exports” in bear market
Interestingly, when the overall market in the crypto market entered a period of volatile conditions, the popularity of Meme coins rose against the trend. This is not because the Meme coins themselves have a hard fundamentals, but because speculative funds need a new “emotional export”.”.
Unlike mainstream currencies, Meme coins do not have complex valuation logic and do not rely on strong ecological support. They rely on market sentiment.When other assets are difficult to leverage retail investors’ sentiment, Meme coins become the “bridgehead” for emotional trading.
So the clear market direction is that behind the price fluctuations of Meme coins is the amplification and reflection of market sentiment: for speculators, it is the first choice for low-cost and high-volatility; for the market, it is a real “emotion”Mirror”.So it is not difficult to understand. Everyone began to like to listen to them tell stories, and they also began to create “rich-making stories” that were close to their eyes and were full of dreams.
3. Can Meme coins be used to increase their investments to add points to yourself?
We understand the changes in market sentiment, but we must also clearly realize that cultural narratives and speculative sentiment can be popular.But if Meme coins want to go further and find the underlying logic that can support long-term compound interest, they must rely on technological innovation to create new narratives and application scenarios.
AI “new meme” creates technological narrative empowerment
This year, AI technology has become a hot topic in the crypto circle. Some Meme coin projects seized the opportunity and launched AI-enabled gameplay, such as AI generating content. In this way, Meme coin projects can quickly and at low cost to investors and the community.Members provide continuous interaction and entertainment experiences, such as AI trading strategies. With the advantages of AI algorithms, project parties can more accurately predict market trends, analyze transaction data, optimize investment decisions, etc., although early performance may not achieve the expected results., but it is undeniable that the introduction of AI technology has injected new vitality and new narrative clues into Meme coins.
NFT linkage, continuation of cultural narrative
At the same time, NFT remains an important “partner” of Meme coins and continues to show its unique charm and potential in 2024.Especially in projects like $Pepe, investors can not only make money by buying and holding Pepe coins, but also demonstrate their identity and status by obtaining unique NFTs.
The combination of NFT and Meme coins is no longer just a simple exchange of digital assets, but also a reflection of deep identity and community culture. Through the NFT binding gameplay, these projects provide investors with more personalized and emotionalThe way of participation makes holding these Meme coins not only an investment behavior, but also an expression of community belonging.It is not difficult to imagine that as more similar innovative gameplay continue to emerge, NFT will continue to become an important “accelerator” for the development of Meme coin projects.
An attempt to combine payment scenarios with DeFi, an increase in token value weight
Of course, in the cryptocurrency market that is not short of imagination, some Meme coins are also trying to expand their payment functions. At the end of the year, DogWifCoin officially announced a cooperation with Oobit to launch a new payment function “Wif Pay”, allowing users to use it$WIF spend and enjoy a 3% cashback bonus.
Projects like SHIB combine the DeFi protocol to allow coin holders to obtain more actual benefits. For example, $BONE, the governance token of the SHIB ecosystem, is widely used in liquidity mining in ShibaSwap and investmentThe user can earn profits through pledge (BURYing) and providing liquidity (DIGging).
Such technological narratives are still continuing, and technology empowerment will be an important highlight of Meme Coin’s next stage. Although it seems to be “storytelling” in the short term, in the long run, if the technical narrative is implemented, Meme Coin may be able to eventually be able toBreak out of the fate of “short-term hype”.
At the end: The next stop of Meme coins is the rise of meme economic and cultural or the bursting of the bubble cycle?
When we look back at the market in 2024, we can find that there are three key driving forces behind the rise of Meme coins:
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Culture: Meme culture and community consensus are the foundation of Meme coins, which can continue to tell an attractive story;
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Emotion: The fluctuations in market sentiment and the promotion of speculators make it the most “explosive” asset;
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Technology: New concepts and new application scenarios are the key to making Meme coins more “valued” in the future.
However, there are obvious risks for these three: how long can the story be told?How long can the emotions last?Can technology be implemented?The answers to these questions will determine the future direction of Meme coins.
But as we begin to look forward to the future imagination of 2025, it is certain that Meme coins have changed from “joking” to a unique phenomenon in the crypto market.In the increasingly restless and continuous outbreak of cryptocurrencies after the US election, its vitality is far from over, but can it escape from the carnival and enter the real “value era”:
In 2025, please ask Meme Coin to answer.
