As a cryptocurrency, either you have the core strength or you have a representative MEME. If you have both, you are invincible.
Few weeks ago, on WSB, a battle between retail investors and large institutions was launched. Dogecoin, which is cute, cute, and has profound meme attributes, has risen by 373% in 24 hours. Tesla CEO Elon Musk also tried to support it, spoofing the Vogue picture as Dogue and posted it on his Twitter. On January 1, 2020, he changed his Twitter status to "Former CEO of Dogecoin." Of course, this is just a joke. This incident originated on April Fool's Day in 2019 when the Dogecoin CEO was voted online, and Musk eventually won with the highest number of votes. When the richest man called out, the dog went to the moon. This is enough to see the importance of a well-advertised meme to the currency price.
What exactly is meme?
"Meme" is the abbreviation of Mimeme, derived from the "The Selfish Gene" by Richard Dawkins, a British scientist who described meme as a kind of behavior or thought that is culturally transmitted between people. The meme is now widely interpreted as an "emoji package". It refers to the ideas spread in the community, representing a shared subculture or perception of reality.
How does meme drive the value of cryptocurrency?
It can be said that using memes to tell a good story has basically become a part of cryptocurrency. “In this market, where there are so many different projects already fighting for attention and new ones launching every day, it is important for projects to try and get people motivated to spend their time learning about their project,” Anil Lulla, COO of Delphi Digital said over email. “Memes are an easy way to get a narrative around and perhaps the quickest way to get eyeballs.”
In the new DeFi market, many projects directly use Meme as a publicity stunt, and one of the main genres is food-themed projects. For example, Sushiswap, Burger swap, Yam Finance, BakerySwap, Pizza, Hotdog, etc., these names have created a certain degree of popularity and let users quickly remember them.
Meme also has a great influence on the "governance" of Bitcoin in the transmission of cultural information. Here are some bitcoin-related memes. Knowing these you are a veteran of the currency.
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“Don't trust, verify.”
“The root problem with conventional currency is all the trust that’s required to make it work. What is needed is an electronic payment system based on cryptographic proof instead of trust” - Satoshi Nakamoto
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"Not your keys, not your coins."
Don't trust third parties with your private keys. Most of the catastrophes that have occurred in the cryptocurrency space have been a result of trusted third parties accumulating vast sums of value and then mismanaging them.
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Rekt, short for Wrecked: Large deficit.
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Be your own bank.
By getting rid of trust in third parties, you can now store and send money without a bank
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When moon.
It is generally believed that the price of Bitcoin will eventually either go to zero or reach a very high number. During periods of volatility, you'll see references to the Bitcoin "rocket ship" as the exchange rate goes vertical.
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HODL
HODL is often meant as "don't panic sell" it also refers to the idea that if you're investing in bitcoin it should be for a long timeframe rather than for day trading.
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Go Brrr
Because of the Covid-19 epidemic, millions of people around the world lost their jobs, causing the government to use "helicopter money". Central banks will continue to try to "fix" the economy by injecting liquidity whenever there's a crisis.
Welcome to share any thoughts or feedback :)
