Welcome to the United States of Memes.
Meme coins have become quite a sensation lately. Whether you have completely written them off as a joke or started writing fundamental analysis on them, I won't judge! 😀
Similar to opinions which have been expressed in articles like here and here, I agree that the meme coin phenomenon has created a special financial market that trades assets which competes for the maximum amount of human attention. The price of the asset arguably reflects a discounted stream of future attention. Traditionally, the "attention economy" has been dominated by large technology companies such as Youtube, Tiktok, Meta, Google, etc. Most monetizable attention all happens on those platforms which take a big cut. But in Web3, anyone can launch a meme token for a specific topic and everyday people like you and me can then participate in it freely.
I recently bought some $MAGA coin. Yes, it's the Trump Maga. Am I a fan of his? Absolutely no. Am I certain his chance of winning the election this year? Absolutely no. But I do believe that this guy is going to get lots of attention before the November election. I do not mind making potential profits off his ability to attract attention. The more attention he gets, the more speculations will likely happen to this coin. If luck is on my side, I plan to cash out when his media presence peaks.
If there is a meme coin for Trump, what's to stop HBO from launching a new meme coin when they drop a new season of Game of Thrones? Or maybe a $TOM token coinciding with the release of "Mission Impossible 8"? The possibility is endless.
I anticipate more innovations in the meme coin space. Weird but exciting times ahead!
Welcome to the United States of Memes.
Meme coins have become quite a sensation lately. Whether you have completely written them off as a joke or started writing fundamental analysis on them, I won't judge! 😀
Similar to opinions which have been expressed in articles like here and here, I agree that the meme coin phenomenon has created a special financial market that trades assets which competes for the maximum amount of human attention. The price of the asset arguably reflects a discounted stream of future attention. Traditionally, the "attention economy" has been dominated by large technology companies such as Youtube, Tiktok, Meta, Google, etc. Most monetizable attention all happens on those platforms which take a big cut. But in Web3, anyone can launch a meme token for a specific topic and everyday people like you and me can then participate in it freely.
I recently bought some $MAGA coin. Yes, it's the Trump Maga. Am I a fan of his? Absolutely no. Am I certain his chance of winning the election this year? Absolutely no. But I do believe that this guy is going to get lots of attention before the November election. I do not mind making potential profits off his ability to attract attention. The more attention he gets, the more speculations will likely happen to this coin. If luck is on my side, I plan to cash out when his media presence peaks.
If there is a meme coin for Trump, what's to stop HBO from launching a new meme coin when they drop a new season of Game of Thrones? Or maybe a $TOM token coinciding with the release of "Mission Impossible 8"? The possibility is endless.
I anticipate more innovations in the meme coin space. Weird but exciting times ahead!
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