Note: This article comes from @lanhubiji Twitter, and is compiled by Mars Finance as follows:
1. MEME is a persistent presence in crypto
Technology represents rationality and is driven by efficiency. Emotions appear perceptual and are the externalization of emotions.
In addition to rationality, people also have emotions. In addition to blockchain ledgers, the encryption field also has various emotional expressions, and MEME is the concentrated expression of these things.
In the encryption field, the vast majority of people are not developers, scientists, researchers, or investors, but non-professional players from different fields.
Most players will not deeply understand the underlying logic of technology or delve into trend changes, but they can feel the emotions of the market and understand the culture behind it.
Therefore, narratives that are simple enough are often more powerful. For example, a description like “Bit Gold” can be understood without overly complicated knowledge and is easy to spread.
Because of this human characteristic, MEME has always existed in the encryption field.
2. All crypto tokens have MEME content
In a sense, all crypto tokens are within the spectrum of MEME, just in different amounts.
If you look at it from 0-100,
* 99.9% purity: such as pepe, doge; more than 50% is the norm.
*At this stage
AI has 90% meme content;
BTC L2 has 80% meme content;
defi has 30-50% meme content;
4) Meme content below 30% is currently rare, mainly due to a very small number of projects that have achieved a positive revenue cycle.
Narrative and meme are intertwined.
3. The relationship between MEME and price behaves differently in different periods.
The relationship between MEME content and price is complex and varies in different periods. It is different during bull markets and bear markets, and may even be different during different periods of a bull market. Sometimes the higher the MEME content, the higher the valuation; sometimes the opposite is true. For example, during the peak period of the bull market narrative, high meme content may push up valuations, while the opposite is true in a bear market. During a certain period of the bull market, the narrative begins to run out, the fundamentals highlight the value, and high meme content is not conducive to pushing up valuations.
4. Real MEME is extremely rare
Most crypto projects currently rely on narratives driven by technology and fundamentals to survive, while true MEME can completely ignore these. In addition to 99.9% pure MEME, other MEME content projects essentially need to be transformed and supported by subsequent narratives of technical fundamentals, otherwise they will gradually decline.
5. MEME itself also has stages
There are not many MEMEs that can go through one cycle. MEMEs that go through two or even three more cycles have a greater chance of surviving.
Even so, just as new technology-driven projects will continue to emerge and wax and wane with each other, MEMECOIN will continue to emerge and wax and wane with each other in the new era.
6.End
To put it simply, almost all crypto tokens are more or less meme coins, but the meme content is different; the meme content shows a positive or negative correlation with the price in different periods. The specifics vary depending on the narrative and mood.
