The essence of memecoins is 'uselessness', but that is precisely where their greatest value lies.
1️⃣ The market phenomenon of useless coins
$DOGE, $SHIB, $PEPE, $TRUMP, $WIF... these coins indeed have no practical use from a technical perspective, but their total market value has exceeded $40 billion.
This is the most interesting paradox in the crypto world:
The more 'useless' something is, the more valuable it becomes.
The less practical application, the more it can attract funds.
2️⃣ The consensus and culture of memecoins
Because memecoins are essentially pure consensus games. They do not need to solve any technical problems, nor do they require revolutionary innovation; they just need a simple concept and enough people to believe in it.
This purity makes them even more powerful.
When a project does not need to compromise on being 'useful', it can focus on the most important things: building consensus, spreading culture, and creating value recognition.
$DOGE's success is not because of its advanced technology, but because it represents a relaxed and humorous crypto culture.
$PEPE's explosion is not because it solved any problems, but because it carries the collective memory of the entire internet culture.
3️⃣ The unique positioning of #USELESS
So when I see the #USELESS project, I feel it might be the most honest memecoin.
It directly admits that it is 'useless', and this honesty gives it a unique value positioning.
In a market filled with various 'revolutionary' and 'disruptive' projects, a project that dares to call itself 'useless' appears particularly authentic.
It is like performance art in the crypto world:
When everyone is competing to prove their usefulness, only one project dares to admit its uselessness.
When everyone is packaging concepts, only one project has chosen the simplest truth.
Perhaps this is where the opportunity for #USELESS lies.
In a market of 'useless' coins worth over $40 billion, the most 'useless' one might actually be the most valuable one 🤔
