Opinion: Does DeSci need Meme Coin?
Meme coin does not need positive externalities, its primary nature is the cyber lottery of the 2020s.
JinseFinanceMeme coin does not need positive externalities, its primary nature is the cyber lottery of the 2020s.
JinseFinanceMarket events and investor sentiment drive short-term price fluctuations, but over time, assets generally return to their true fundamental value. This principle is not unique to stocks — it applies to all assets, including physical assets, tokens, and memecoins.
JinseFinanceBinance launched AI Meme projects ACT and PNUT. As soon as the news came out, the ACT token immediately soared by about 10 times, breaking the record of the increase in Meme listings on exchanges, and also brought a little Meme shock to the industry.
JinseFinanceThe psychological and social processes that led to the formation of the meme coin craze are similar to those that underlie other crazes, but in this case it is driven by financial losses, emotional attachment, and social recognition gained through cryptocurrency markets and online communities.
JinseFinanceSonic, a gaming-focused layer 2 blockchains atop Solana, has raised $12M in a Series A funding round. The Series A round was spearheaded by BITKRAFT, with other noteworthy investors being Galaxy Interactive and Big Brain Holdings.
XingChiHistorically, memecoin seasons have marked the end of bull cycles. What kind of market are we in now?
JinseFinanceIn September 2022, the number of cryptocurrencies exceeded one million for the first time, reaching 1.15 million by the end of the year, a year-on-year increase of 159.2%. By the end of 2023, the number of cryptocurrencies increased by 72.3% year-on-year to 1.98 million.
JinseFinanceThe volatility of MemeCoins may negatively impact portfolio stability.
JinseFinanceIn 2024, the outlook for meme coins is uncertain, contingent upon market trends, social media influence, and the role of key figures. Popular coins like BONK and WIF on the Solana network show robust market performance. However, investors must exercise caution, acknowledging risks and staying attuned to market dynamics.
Cheng YuanBONK, a Solana-based meme coin, spikes 40% following Coinbase listing news.
Cheng Yuan