I'm starting a series of articles on the topic of Memecoins, in which we will investigate why and how they are becoming popular. Memecoins are a phenomenon of our time. I've been working with crypto projects since 2016, and I can confidently say that memecoins are in many ways a squeeze of different crypto trends from different years. They have something of the ICO excitement, mania like during the NFT hype, silliness and reflection of the zeitgeist, which memes themselves are. And of course, a lot of psychological and economic manipulation. These are what I want to get into - why memes are so popular, how FOMO is born, and how market makers manipulate traders who are trying to capitalize on this trend. Follow me for the next articles of this investigation (to get the updates first - follow me on X). And if you run a memecoin or any other Web3 project and need an advice on how to make it viral - you can message me directly. In this article, we'll touch base. What makes memecoins popular in general? This will be useful for both people trading these coins and for funders who want to bring their memecoin to the market. Memecoins have gained popularity due to a combination of factors that leverage internet culture, community dynamics, and speculative investment behavior. Let’s check the basics of it. Internet Culture Many think that memecoins are just the creation of Internet Culture. Of course, it’s true. Memecoins often gather and unite the popular internet memes and appeal them to a broad audience. This brings more attention and attract different types of audience that is more engaged, feeling that they are a part of meme culture. Speculative Asset But the main factor behind the popularity of memecoins is Speculative Interest. Basically, it’s the main factor for the crypto industry overall. We saw this during every cycle and every trend. But in memecoins the price volatility is extreme. It attracts speculative investors that are looking for quick profits. And low initial price allows inventors to buy large quantities, hoping for huge returns if the coins gain popularity. This narrative is also highlighted by many media and KOLs, often making it seem an easy way to get rich. We will discuss this topic deeply in one of my next articles. Easy Start Memecoins create an easy entrance for a wide audience. You don’t have to read White Papers and complicated Tokenomics. You don’t need to understand the utility of the project. It’s easy to purchase and sell. Usually the cost is low, so memecoins are also accessible to small-scale investors and newcomers to the market. Community Memecoins are all about its communities. And being involved in a community is in the human genes. The bigger and the louder the community - the more interest and investment is driven. Often it also fueled by influencers and celebrities that shill this or that project. Viral Marketing Memecoins relies on viral marketing strategies with memes, discussions, jokes and buzz spreading rapidly across X (Twitter), Telegram, Reddit and other platforms. I will speak on how to make any memecoin viral in one of my next articles. It's a big and very interesting topic. Overall, memecoins and its popularity is a mix of it all: internet culture, crypto trends, viral marketing, speculative interest. To find one or to create one you should keep in mind all of these ingredients. And I will describe how everything works in my next articles. P.S. Check out my previous articles on AI at HackerNoon: The Power of Community in Memecoin Success
Building Thriving GameFi Communities: Lessons From the Top Projects
The Ultimate Breakdown: Memecoin Marketing
How To Launch and NFT Promotion for Projects in 2024
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DeFi Community Building: A Step-by-Step Guide for Crypto Startups I'm starting a series of articles on the topic of Memecoins, in which we will investigate why and how they are becoming popular. Memecoins are a phenomenon of our time. I've been working with crypto projects since 2016, and I can confidently say that memecoins are in many ways a squeeze of different crypto trends from different years. They have something of the ICO excitement, mania like during the NFT hype, silliness and reflection of the zeitgeist, which memes themselves are. And of course, a lot of psychological and economic manipulation. And of course, a lot of psychological and economic manipulation. These are what I want to get into - why memes are so popular, how FOMO is born, and how market makers manipulate traders who are trying to capitalize on this trend. Follow me for the next articles of this investigation (to get the updates first - follow me on X ). And if you run a memecoin or any other Web3 project and need an advice on how to make it viral - you can message me directly. follow me on X message me In this article, we'll touch base. What makes memecoins popular in general? This will be useful for both people trading these coins and for funders who want to bring their memecoin to the market. Memecoins have gained popularity due to a combination of factors that leverage internet culture, community dynamics, and speculative investment behavior. Let’s check the basics of it. Internet Culture Internet Culture Many think that memecoins are just the creation of Internet Culture. Of course, it’s true. Memecoins often gather and unite the popular internet memes and appeal them to a broad audience. This brings more attention and attract different types of audience that is more engaged, feeling that they are a part of meme culture. Speculative Asset Speculative Asset But the main factor behind the popularity of memecoins is Speculative Interest. Basically, it’s the main factor for the crypto industry overall. We saw this during every cycle and every trend. But in memecoins the price volatility is extreme. It attracts speculative investors that are looking for quick profits. And low initial price allows inventors to buy large quantities, hoping for huge returns if the coins gain popularity. This narrative is also highlighted by many media and KOLs, often making it seem an easy way to get rich. We will discuss this topic deeply in one of my next articles. Easy Start Easy Start Memecoins create an easy entrance for a wide audience. You don’t have to read White Papers and complicated Tokenomics. You don’t need to understand the utility of the project. It’s easy to purchase and sell. Usually the cost is low, so memecoins are also accessible to small-scale investors and newcomers to the market. Community Community Memecoins are all about its communities. And being involved in a community is in the human genes. The bigger and the louder the community - the more interest and investment is driven. Often it also fueled by influencers and celebrities that shill this or that project. Viral Marketing Viral Marketing Memecoins relies on viral marketing strategies with memes, discussions, jokes and buzz spreading rapidly across X (Twitter), Telegram, Reddit and other platforms. I will speak on how to make any memecoin viral in one of my next articles. It's a big and very interesting topic. Overall, memecoins and its popularity is a mix of it all: internet culture, crypto trends, viral marketing, speculative interest. To find one or to create one you should keep in mind all of these ingredients. And I will describe how everything works in my next articles. P.S. Check out my previous articles on AI at HackerNoon: The Power of Community in Memecoin Success Building Thriving GameFi Communities: Lessons From the Top Projects The Ultimate Breakdown: Memecoin Marketing How To Launch and NFT Promotion for Projects in 2024 AI Crypto Coins: When the Power of AI Meets the Blockchain DeFi Community Building: A Step-by-Step Guide for Crypto Startups The Power of Community in Memecoin Success The Power of Community in Memecoin Success The Power of Community in Memecoin Success Building Thriving GameFi Communities: Lessons From the Top Projects Building Thriving GameFi Communities: Lessons From the Top Projects Building Thriving GameFi Communities: Lessons From the Top Projects The Ultimate Breakdown: Memecoin Marketing The Ultimate Breakdown: Memecoin Marketing The Ultimate Breakdown: Memecoin Marketing How To Launch and NFT Promotion for Projects in 2024 How To Launch and How To Launch and NFT Promotion for Projects in 2024 NFT Promotion for Projects in 2024 AI Crypto Coins: When the Power of AI Meets the Blockchain AI Crypto Coins: When the Power of AI Meets the Blockchain AI Crypto Coins: When the Power of AI Meets the Blockchain DeFi Community Building: A Step-by-Step Guide for Crypto Startups DeFi Community Building: A Step-by-Step Guide for Crypto Startups DeFi Community Building: A Step-by-Step Guide for Crypto Startups

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How Memecoins Become Popular — an Investigation

How Memecoins Become Popular — an Investigation

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