When you hear the CX rhetoric that "If the XX (public chain, launchpad) platform doesn't pump this coin, it might as well not exist," it is often a dangerous moment. This usually indicates that there are no other narratives or memes to FOMO into.
The relationship between meme coins and prices is certainly very close, but: - Because of believing in good memes, one believes they will have good prices - Because of price FOMO, one is forced to engage with CX-related memes and narratives The two are quite different, and of course, people often find it hard to distinguish their boundaries on the surface, especially in the early stages of a meme coin.
From the history of memes, crowd adoption rate, and the quality of meme content, $JOE is still extremely undervalued. Waiting for the opportunity for a reversal to come.
According to Coinmarketcap data, today the $PEPE total trading volume reached $3.9 billion in the last 24 hours, ranking 5th among cryptocurrencies (excluding stablecoins), significantly higher than the 7th place Doge ($2.8 billion), leading the meme coin rankings.
For $JOE, which once kept pace with $MOG and $SPX, 20m - 200m is just a valuation repair market. Whales have been gradually getting on board, and its big breakout needs some catalysts. Judging by the activity level of the Dev team, they may already be prepared.
Refers to the phenomenon where when Musk rests and sleeps, @elonmusk stops tweeting, causing the meme coins driven by Musk to start moving downwards, and when Musk wakes up and starts tweeting, these meme coins begin to rise again.
The P generals in the trenches will eventually understand that long-term engagement in conspiracy schemes and celebrity coins can only serve as fuel; returning to classic memes and community memes will be the only choice.