The Rise of Memecoins: From Joke to 100 Billion Market Capitalization

With Bitcoin breaking through the $100,000 barrier, Memecoin has ushered in a new wave of enthusiasm. As a unique feature of the Web3 world, Memecoin has evolved from a mere joke to a market worth tens of billions of dollars today, embodying complex cultural connotations and investment logic.

The Development History of Memecoin

The development of Memecoin can be roughly divided into three stages:

Phase 1: Black humor represented by DOGE

In 2013, DOGE was born as the first well-known Memecoin, creating a culture style of straightforwardness, humor, and grassroots. Early Memecoins were mostly themed around animals, with charity as their original intention, relying on community dissemination.

Phase 2: The Expression Carrier of Web3 Culture

The theme of Memecoins is more diverse, becoming a vehicle for expressing support and belief. Solana has become the main issuance platform. Representative projects include BONK, BOME, and others.

Phase Three: New Modal of Memecoin

With the popularity of issuance platforms, the number of Memecoins has surged, showing two trends: one is a downward shift resembling a vegetable market, and the other combines with new narratives to provide application value.

The Duality of Memecoins

Behind the prosperity of Memecoin, there are also many controversies:

• Anti-seriousness, undermining authority vs Technological nihilism
• Low cost high return vs capital bubble
• Attention Economy vs Out of Control and Temporary

How to Identify Quality Memecoins

Investing in Memecoin requires a comprehensive consideration of the following factors:

1. Narrative: Does it have a supportive narrative for viral spread?
2. Community: Activity level on social platforms, community potential
3. Marketing: KOL Matrix, Celebrity Effect
4. Risk Audit: Are LP tokens burned, and is the smart contract ownership verified?
5. Market performance: expected market capitalization, liquidity, chip distribution, trend
6. Smart Money: Tracking the Movements of Whales

Conclusion

Memecoin is like a carnival ritual in the crypto world, born from mockery, but it has become an undeniable force. In the future, we hope that Memecoin will no longer be satisfied with short-term speculation and can bring a new look to Web3.

Investment requires caution, and this article does not constitute any investment advice.