If you're looking for the next $PEPE then I'm sorry, you wouldn't find that here, but wait up, you might just be interested. The $pepe buzz is gradually dying.
At one point in time, the marketcap seemed to be the biggest thing in crypto amidst a bitting bear market where the SEC and the US government are dishing out their daily FUD.
First of all, I believe meme coins are here to stay because the whole crypto space seems to have a soft spot for them. It's true they really do not have any legible project other than hype, I believe that a lot of people treat them more than this and that's why they get burned so badly.
Reason Why People Do Meme Coin s
Some people treat them as solid projects, putting in crazy amounts of money of their real-life investments and all that.
I feel that one of the reasons why a lot of people go into meme coins is because it's easy to tell someone that they'll make money other than telling them about whitepapers, the potential of an exciting project that might be futuristic.
A lot of people are recently coming into crypto through the meme hype, so because of this, they solidly invest in these projects without bothering to check out the fundamentals of crypto, or the other aspects of crypto
The Money/Crypto Generation
This makes me question: If adoption is going to be driven by meme projects, what type of people are we going to be adopting?.
To be factual, meme projects pull a lot of people into crypto, however, a huge percentage of these people might not be really interested in crypto but just make money.
The reason why this is so is because the reach of meme hype is unbelievable. In the last bull market, I learned of Shiba Inu through WhatsApp and not even on Twitter or on the blockchain.
There were tens of INU coins which are always hyped across social media. I believe that this is because of astute marketing.
Meme Projects Thrives At The Grassroot
A lot of people at the grassroots are on Snapchat, WhatsApp, and TikTok. These projects got talked about in these places and it was surprising to see noobs and normies putting in crazy amount of money, just so they could earn that mega bucks.
So the meme approach is always to preach the money and get the crowd crazy, but one thing I've discovered is that for every meme coin like Shiba Inu and doge that made waves and gave people some massive profits.
there are tens of others that wrecked people as well Memecoins aren't bad in my opinion.
Influence Where The Money Goes
I just feel that people are trying to create an everlasting milking machine where there's no product or utility that can drive sustainable value. However, if it were so, then as wouldn't be seeing massive interest in them.
A lot of people say that doge was already a sensation before Elon Musk talked about it on ,Twitter but this is not true. Elon Musk was an unpaid influencer, who to me, had no business in crypto.
If he did, he'd have chosen what to hype rather carefully. Maybe BTC, ETH? Who knows, but one of the biggest ways meme coins employ to hype is a total concentration on one coin and hyping it massively until it becomes a sensation.
But what are the criteria to truly determine what meme coins will likely blow up and become viral crypto sensations?
This is the question on the lips of everyone who missed out on the $PEPE millions.
There are people who missed out on Shiba, floki, and even doge, funny thing is, they have still missed out on $PEPE and they're now becoming to wonder if there was a certain strategy to knowing which meme coin would be the next big thing.
I think everyone has thought about this too, why?
Inasmuch as the OGs also know not to be too serious or greedy about meme coins, if they were to know the next big thing, I believe they'll develop an entry and exit strategy, dump the profit into alts and they would have successfully increased their bags and holding as well.
But meme coin is all pure luck and the marketing strategy of the developers. This a risk that some people are not willing to take.
However what blows up meme coins is the eventual latecomers who throw in the Money
when the coin is already peaking, but one of the reasons why people still throw in money at a meme project that already peaked is because of the FOMO they experience, hoping they can also make some little profit, but all they do is pump the bags of those who are already holding the coin.
Being a latecomer to a meme project can be a bummer
......but sadly there's really no way to be a meme OG, unless you have all the money to test the waters. So meme coins are the battle of gainers and losers.
Seeing it as a gamble will help you understand that the money thrown into them should be disposable.
There's no metric to judge a potential meme coin, but you can of course make money by knowing how to get in and get out, if you treat them like a solid project just like a normie would, then it's likely you'll get burned.
Interested in some more of my works?
Reviewing A $400 Samsung Galaxy A72 (photos Included)
Hive's Scalability & The Compromise Of Commitments
Money: The Consequences Of Making The Right & Wrong Decisions
The Nigerian Economy: Monopolizing Incompetence
The Experiential Process of Understanding Money
A Case Of Theft On Hive: Here's Why Some People Choose Scam.
