Looking back, many of the coins we play with today, why do they have such a market value? What have they achieved? This is not worth discussing in detail. You say what is good about it, but it is just a few old-fashioned opinions - it is better not to talk about it, playing meme is pure.

So people now say that there is no ceiling for memes, and I agree.

If a coin is not a meme, it will have a valuation. How big is its ecosystem? How strong is its technology in horizontal comparison? What is the status of its competitors? Therefore, coins that are not memes will have various expectation thresholds and valuation limitations. Once they rise too much, people will feel burned holding on to them.

But a coin that is a meme doesn’t need valuation, and its narrative has no ceiling. How much can a dog and a frog be worth at most? There is nothing to refute about this. For those coins that have no ceiling and are pure memes, we think it is reasonable no matter how much they rise.

When people say that the meme track will definitely explode in this year's bull market, no one objects. This is indeed the best channel to carry huge amounts of incremental funds.

ARC20 is a bit special. Atomicals has always been regarded as a halal technology school, but it seems that its technology itself is a meme. How to define the ceiling? In fact, there is no way to define it.

The various technical concepts that Atomicals has been promoting are not "slightly better innovations" in a horizontal product, but the "paradigm innovation" that we have always emphasized. It is a completely new way of playing, and it has emerged with a whole new track. In the context of web3, does such a new thing really need to have particularly strong technology (even if it is indeed particularly strong in our opinion)? In fact, it is not necessary, it only needs to make this technology have enough narrative space.

A very simple analogy: Is Bitcoin a meme? Yes. Does Bitcoin have any technical content? I guess so (of course, some people say that Bitcoin's technology is not worth mentioning and it all depends on storytelling). So in the final analysis, it is the meme attribute that allows Bitcoin to carry people's beautiful imagination of the future vision of human society, so it has no ceiling and everyone likes it.

All ARC20 tokens are meme coins in the final analysis, but we are not only cultural memes as everyone understands (various animals, books, hats, and miscellaneous IP communication carriers), ARC20 tokens are also naturally technical memes. The core of our MEME is the conceptual interpretation of a technical school - one or some "new concepts" are themselves a kind of cultural gene.

Do you think the concept of colored coins is good? Coloring Bitcoin into other coins is awesome. This concept is a meme that can continue to play a role. Is the concept of Bitwork good? On Bitcoin, everyone can use their own computer to mine and experience the thrill of POW. Isn't this also a meme narrative? Next, AVM, the much-anticipated Bitcoin layer 1 smart contract, these words themselves are the optimal solution for technical MEME. There are many other concepts that I am not good at explaining, which can become the characteristics of each token.

After all, Atomicals' most valuable narrative is the most memeable narrative.

Do colored coins need valuation? No, they are too meme-like. A trillion-dollar market value is not excessive for this track. The asset issuance method that best fits Bitcoin itself, colored coins on Bitcoin, how do you think this sector should be valued? There is no way to value it. I even think that this sector will exceed the market value of Bitcoin one day in the distant future. This is an objective statement, just like the market value of ERC20 tokens exceeds that of Ethereum. It is a natural result after the ecosystem grows stronger.

There is also AVM, the atomic virtual machine, which creates all applications on the Bitcoin layer. What people want to see is just a vision, and Atomicals brings the ultimate vision of Bitcoin. Since there is no convincing ceiling, it is a pure top meme.

People don't care about the current application of this thing or whether the technology is awesome. People only care about whether the market imagination of this thing is huge and whether it can be multiplied by a hundred, a thousand, or ten thousand times. If there is a reason to multiply it by a hundred, a thousand, or ten thousand times, then it is a good thing.

As for ARC-20, it is easy to find such a reason by just pulling out a narrative.
Looking at the countless tracks and sectors in the market, is there any narrative that allows you to boldly say "If it increases another 10,000 times, the market value will not be too high"?

If you think a coin can only rise 10 times at most, and it is absolutely abnormal for it to rise further, then you should usually leave the market when it triples or 5 times, because the risk will increase as time goes by. But if you can immediately see the ceiling of something being 100 times or 1,000 times, then is it difficult for it to rise 10 times? This is the basic logic of investment.

Today, it is of course an exaggeration to say that it will be 10,000 times, but everyone can put themselves in the shoes of others and compare several sectors. If the market value of each sector is magnified by 10,000 times, which one will appear the least exaggerated? Usually, something that is meme-able enough will not appear so exaggerated. This is also the most direct way to judge where the ceiling of a target is.

So, we all like memes. Memes are good because they carry people’s dreams of getting rich.

Is ARC20 meme-worthy?

#Quark #atomarc #atomicals #arc20

(Originally written by Leaper from Quark Community on 2024.05.05)