In the past few days, due to the retweet from Big Brother@CZ and the strong support of Sister@Yi He , the Bsc chain meme has achieved amazing results,#mubarak emerging prominently, with clear wealth effects, and everyone's attention has turned back to the chain. Now let's talk about my understanding and methodology of memes:
1️⃣ What is a meme?
The meme phenomenon originally emerged during the last bull market of #DOGE and #SHIB . It was initially intended as a sarcastic meme, but during its spread, it gained value recognition from more and more people. What value? Some might say it's the value of wealth creation, but I think that's not an accurate description! What these two meme coins actually spread is the 'sarcastic meaning contained in the meme' itself!
For example, out of a sense of satire towards the culture in the crypto space at the time, or a discontent with certain things in life, I created a meme of Dogecoin. In an instant, it gained great recognition in the online world. Then, someone issued a meme coin based on it, and as a player in the crypto space, I wanted to own this token with sarcastic meaning because it may represent a kind of spiritual label for me. I take pride in owning Dogecoin; it makes me stand out from others! As more and more people recognized this spiritual value, everyone continuously bought and held it, and the price soared. At this point, as an early buyer, my wealth naturally increased!
2️⃣ How should memes be played?
Therefore, when we play with memes, we are essentially engaged in a game of value discovery. In a modern society where material resources are not so scarce, people will have more spiritual needs. We discover some values conveyed by memes that we strongly identify with, and thus we buy early during the spread, waiting to see if this value can be widely disseminated and recognized by more people. This is really about finding the angle! It's not just about someone simply posting a CA, or a KOL shouting an order, and everyone jumps in. That's not how it works; there's never enough money to cover the losses.
3️⃣ Valuable but unable to rise
Another point is that we often encounter some promising targets that also have a narrative, yet their market cap fails to rise. There are two situations:
One type is that it is a replica of a leading value meme that has emerged, where the value consensus is concentrated on the leading meme, and the replica is purely for harvesting. At this time, it's advisable to search Twitter for narratives and find the leading meme.
Another type is that your understanding of a certain value may not have a larger acceptance group, so naturally no one is willing to buy it at a higher price. It might also be that this value is suddenly discovered and becomes popular one day in the future. That is the original gang (OG) phenomenon and also the principle of ambush.
4️⃣ The roles played by big influencers, celebrities, and major players
We often see after a big influencer or celebrity publicly calls out a certain meme, people rush to buy it, perhaps without fully understanding the angle or value. The meme they publicly call out will often experience a surge in price, with some memes skyrocketing to 100m, while others may spike and then continuously drop, ultimately being forgotten. Additionally, if a certain meme has a major player controlling it, it can also trigger a surge.
My understanding is that big influencers, celebrities, and major players actually play the role of promoters in this process. Their huge traffic will accelerate the spread of the value contained in memes and help form consensus more quickly. If the meme itself does not possess value that can be spread, after the tide recedes, there will only be chaos. As the saying goes, 'a good wine fears a deep alley'; the premise is that the wine must be good!
5️⃣ As for the specific strategies for memes: sitting idle to scan the chain, ambushing, lottery, scanning Twitter, joining the Dogecoin group, etc. Different people have different perspectives, and many experts have talked about it, so I won't elaborate further.
Lastly, let me say something off-topic, isn't $BTC the biggest meme? It's just that its special industry position has created an unbreakable consensus value! That's all. @KaitoAI
