In this round of Meme craze, we have witnessed the "mythical" story of raising tens of thousands of SOL with only one contract address, and we have also witnessed that the market value of BOME went from 0 to 1 billion US dollars in just three days, and it was also the fastest to go online. According to Binance’s historical record, the earliest participants of various Memes even received hundreds of times in returns.
Turning around, the vast majority of market participants will discover a sad fact. They don't seem to have made any money or even lost money from the Meme wave. "Bicycles turned into Mercedes-Benz" are just other people's stories on Twitter.
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Why is there such a huge gap in the same market? The core reason is that the path for ordinary users to access Meme coins is relatively long, making it difficult for them to get on board immediately and thus missing out on wealth opportunities.
Generally speaking, the development paths of various Meme coins are:
1. The project team will first establish liquidity on DEX and publish the smart contract address on the Official Twitter;
2. A very small number of users go to DEX to make purchases, pushing up prices;
3. Market enthusiasm continues to rise and prices continue to rise.
4. Meme is launched on the centralized platform, allowing the largest number of users to trade.
The reason why the vast majority of users lose money is because they are at the last link of the communication chain and eventually become "takeovers" of leeks. Therefore, if users want to really make money from Meme, there are only two ways:
One is to use various BOT tools or even write your own scripts to rush into the pool as soon as the market opens. However, this link has high technical requirements and is not universal. It is also more difficult to screen native dogs. Not every dog is the next bome. There are also many people who withdraw from the pool after flushing. Moreover, from the perspective of practical implementation, the effect of BOT tools is unsatisfactory.
Taking my own experience as an example, I used pepe and gmgn as soon as SLERF opened on March 18. However, because the market was too hot and the price fluctuated greatly, I was unable to complete the transaction, and ultimately missed this opportunity. There are also users who have been sniped and bought at market highs, or the slippage is as high as 30% or more.
It can be said that BOT products are not always efficient in this round of Meme. Sometimes popular items are not available, but non-popular items can be purchased by yourself, which is really a bit useless. The key point is that at the moment when native dogs are flying all over the sky, whether you can hit the correct target is the top priority. Don't be brainwashed by examples of getting rich suddenly. There are many people who have returned to zero. Some of them will return to zero if you don't run for a minute.
The second is to shorten the path for ordinary users to come into contact with Meme, turning the “last link” into the “first link”. To put it simply, the Meme currency is listed on the centralized exchange as soon as possible, preferably when Meme is open, and the shorter the time, the better, so that ordinary users will not take over, but will be the first early adopters.
Take SLERF as an example. The on-chain opening time was 3:30 pm on March 18. Just an hour and a half later, XT opened at a price of 0.05 USDT. It was also the first among all CEX platforms to launch SLERF. If users can buy XT after it goes online, they can still get considerable gains.
After all, the market base is still the largest number of retail investors, and they do not have the ability to operate on various chains. CEX launches various Meme projects in a timely manner, which can effectively meet the urgent trading needs of the market; bringing these retail investors into the Meme wave in a timely manner is also of great significance to the expansion of the Meme project itself.
For CEX, high-quality assets are undoubtedly the core element to attract users to trade and retain. Meme has a high degree of market attention, and various CEX platforms cannot miss it, and have launched various Meme projects in the Solana ecosystem.
One is effectiveness. Meme has the characteristics of strong explosion and fast cycle. The earlier it goes online, the higher the income will be. For example, Binance was the last company to list BOME. Once it was listed, it reached its peak, and the price fell again and again.
For other exchanges, many of them launched BOME on the second day after the market opened - at 17:00 on March 15. At this time, the market value of the token had reached 300 million US dollars, and the subsequent increase was not large.
The second is profitability. During the entire Meme wave, hundreds of projects emerged on the market every day, but most of them had a short life cycle, and some were even Pixiu Pan. Many players ridiculed themselves that these projects were "group friends' entrepreneurial projects, and they cut each other off." Allowing these projects to enter CEX is not only aiding evil, but also irresponsible to users. Therefore, for CEX, how to screen high-quality projects has become the primary consideration of the currency group on the platform.
Meme is not equal to bubble
The bull market in 2024 will be very different from previous cycles. BlackRock and other Old Money continue to buy and buy, and the price of Bitcoin hits new highs one after another, which greatly boosts market confidence, not only brings incremental funds, but also revitalizes the existing funds in the crypto market.
These funds need to find a new target, and various narratives are emerging in endlessly, and Meme is one of them. Moreover, unlike previous cycles, the Meme sector was basically the last to rise, and then the market would experience a sharp correction. But in this cycle, past experience has not worked again, and the Meme sector continues to be hot, with one wave after another.
Meme has always been controversial in the encryption market, and words such as "bubble" and "scam" have been firmly attached to Meme. Many believe that meme coins distract from the innovation of the core technology of cryptocurrencies, with some claiming that they are inherently worthless.
However, it is unreasonable to fundamentally deny the value of Meme coins. After all, Dogecoin, SHIB, etc. once became popular, with a market value of tens of billions of dollars. This consensus is extremely valuable. As a form of cultural expression, meme coins will take time to earn people's trust, especially in an industry wedded to decades of dogma about what value is. Moreover, Meme coins also have social value, as they are an important litmus test of financial freedom.
Embrace memes actively, but you must keep a few points in mind. First of all, most of the wealth creation effects of meme coins are "difficult to replicate". Secondly, the bull market community has a lot of information. It is recommended to streamline the tracking list and eliminate unnecessary information. Finally, do a good job in research and adhere to the mentality of "investing within your ability." Only by avoiding excessive FOMO can you go further in the market.
Later, we will bring you analysis of leading projects on other tracks. If you are interested, please click follow. I will also compile some cutting-edge information inquiries and project reviews from time to time, and welcome like-minded people in the crypto to explore together. If you have any questions, you can comment or send a private message. All information platforms are Tuanzi Finance .
