Written by: Haotian
Although I have been advocating for "technical narrative + long-termism" most of the time, seeing some in the English community say that MEME Coin has ruined this cycle, I still want to objectively sing a different tune: MEME Coin has not "ruined" this cycle, but rather accelerated industry maturity as a market catalyst:
1) The market has transitioned from "technology is king" to "attention is king", with MEME Coin being the most direct embodiment of this shift. Most technical narrative projects have a Roadmap Deliver cycle of three to five years, but the market has lost patience waiting, believing, and entrusting. Thus, it gave MEME Coin a time window to attract liquidity through short-term wealth FOMO effects.
2) MEME Coin forces technical narratives to self-innovate. The past VC coin """packaging" mode of internal competition has reached a dead end. The era of harvesting users through financing valuation, technical packaging, and concept stacking is over. Technical projects are forced to return to real delivery because investors have tasted the "simple and direct, clear wealth effect" in MEME Coin and can no longer accept projects that are "technically complex but have no long-term delivery".
3) MEME Coin has expanded the market's boundaries and foundation. No matter how sophisticated the technical narrative is, it can only attract a part of the elite group who understand it, while Mass Adoptioneme requires a simple, easy--to quickly-interaction method.
When a large number of ordinary users enter the the market through MEME Coin, some of them will inevitably conduct deeper into deeper ecological exploration, which precisely brings an unprecedented incremental user pool to technical projects, solving the long-standing problem no of projects less" dilemp4MEME trend will not cover the, the entirety,, but its overflowing market vitality will benefit most of the crypto ecosystem.. of hot money chasing profits determines that mcoin cannot continuously produce wealth effects. effects. When most people have experienced the two sides of short-term wealth and zeroing, they will naturally more investment targets (more stable investors trending towards more investors).
At that time, technical time projects that truly solve practical problems,, establish user stuseriness, and have a clear business model will usher in valuation reconstruction, completing the transformation from concept to value. So, for the technical narrative, this is not an end, but the beginning of a rebirth.
5) MEME Coin is a thorough reshuffle of the VC coin's high FDV, low circulation model. The past VC-led financing model created created an abnormal market structure of "and low to to a general decline after Twhich no room for ordinary investors to hold coins and rise, stifling the Crypto dream of retail investors getting rich by holding coins.
