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Memecoin Tokens

The crypto game is all about building a culture. Memecoins carry social currency.

Create a coin, build a brand, convert that attention into momentum for building a product... maybe. Are memecoins the ultimate marketing instrument?

tip

We are built as gene machines and cultured as meme machines - Richard Dawkins

Analysis​

Memecoins are tradeable, so they have prices, but no intrinsic value.

Even if you don't personally engage with or approve of memecoins, there is value in understanding memes in the context of society, culture, and marketing,

  1. Understand mimetics and meme culture:
    • Study how memes spread and proliferate in online communities
    • Analyze the components of successful memes (e.g., visual elements, text, cultural references)
    • Recognize that memes can have multiple layers and be highly composable
  2. Look for memes with existing cultural traction:
    • Memecoins often emerge from already popular memes or cultural phenomena
    • Coins based on established memes may have a higher chance of success
  3. Evaluate the meme's potential for spread:
    • Assess how easily the meme can be adapted and remixed
    • Look for memes with multiple components that can be independently modified (e.g., dog with hat had three distinct elements)
  4. Consider the broader cultural context:
    • Political memecoins may gain traction during election seasons
    • Celebrity or persona-based coins may follow real-world events or news
  5. Analyze the attention economy:
    • Track social media engagement and mentions
    • Monitor how quickly memes are being shared and adapted
  6. Look for cross-pollination with traditional markets:
    • Some memecoins (like "abble" for Apple) may correlate with real company performance
    • News events affecting the underlying reference (e.g., earnings reports) may impact memecoin prices
  7. Stay aware of emerging categories:
    • Political coins, celebrity coins, culture coins, brand-based coins
    • New categories may emerge as the space evolves
  8. Consider potential future utility:
    • While current memecoins are mostly speculative, future iterations may offer more concrete use cases
    • Look for coins that have the potential to build communities or offer governance features
  9. Monitor adoption by businesses:
    • Watch for companies or organizations accepting memecoins as payment (e.g., Dallas Mavericks accepting Dogecoin)
    • This could indicate growing legitimacy and potential price appreciation
  10. Understand the volatility:
    • Memecoin prices can be extremely volatile
    • Be prepared for rapid price swings based on social media trends and cultural moments
  11. Look beyond pure financial metrics:
    • Traditional financial analysis may not apply to memecoins
    • Focus on social and cultural factors driving adoption and interest
  12. Stay connected to relevant communities:
    • Join online forums, Discord servers, and social media groups related to memecoins
    • This can help in identifying emerging trends early
  13. Token burning and supply dynamics:
    • Check if any token burning mechanism implemented to reduce supply could impact scarcity and price
    • Watch closely for any changes to this system or major burn events
  14. Exchange listings and liquidity:
    • New exchange listings, especially on major platforms, could increase accessibility and trading volume
    • Improved liquidity may reduce volatility and attract more investors
danger

The memecoin market is highly speculative and risky, never invest more than you can afford to lose

Dexscreener​

Trading memecoins is extremely risky and the market is largely driven by speculation and social factors rather than fundamental value. Always conduct thorough research and exercise caution when considering any investment in this space. When choosing which tokens to analyze.

Ideas for using dexscreener to speculate on memecoins.

  • Market Cap: If you have $100 to invest, focus on tokens with a market cap under 100K, while larger investments might target higher market cap tokens.
  • Choose the right network: Select the network you want to focus on, such as Solana, Base, or Arbitrum, depending on market trends and your trading strategy.
  • Connect your wallet: Log in using your crypto wallet, Google account, or app account to unlock additional functionalities.
  • Analyze token information: When examining a token, focus on three main areas:
    1. The price chart
    2. Project information (website, social media)
    3. On-chain data (number of holders, top traders)
  • Use different tabs: Explore various tabs like "Top Volume," "Top Gainers," and "New Pair" to find potential trading opportunities.
  • Apply filters: Use filters to narrow down your search. For example, set a maximum market cap and minimum liquidity to focus on specific types of tokens.
  • Utilize the multi-chart feature: Monitor multiple tokens simultaneously using the multi-chart function, allowing you to track your investments efficiently.
  • Set up price alerts: Use the "Alert" tab to create price notifications for tokens you're interested in, helping you stay informed about market movements.

See crypto toolkit for more tools related to the crypto industry.

Marketplace​

Memecoins carry social currency.

Solana

Ethereum:

Bonk​

It might be more descriptive to call BONK a mascot or community coin

Mother​

website | dexscreener | @motherprovides

Analysis:

  1. Celebrity engagement: Iggy Azalea's continued active involvement and promotion is crucial for maintaining interest and momentum. Any changes in her level of engagement could significantly affect the token's popularity and value.
  2. Real-world utility development: Plans to integrate MOTHER with Azalea's telecommunications business could provide actual use cases. Progress or setbacks in implementing these plans may influence investor confidence and token demand.
  3. Community growth and sentiment: The size and enthusiasm of the MOTHER community is a key driver. Monitor social media activity, telegram group size, and overall sentiment for indications of changing momentum.

DogWifHat​

website

Origins and Meme Structure:

  • Dogwifhat started in 2019 from a viral photo of a Shiba Inu wearing a beanie
  • The meme has three composable elements: the dog, "wif" (with), and the hat

Unique Meme Characteristics:

  • Each element (dog, "wif", hat) can be used independently or combined
  • The meme is highly adaptable and can be applied to various contexts

Viral Growth Factors:

  1. Composability: Easy to remix and adapt
  2. Visual recognition: The hat became an instantly recognizable symbol
  3. Textual element: "Wif" used in phrases and wordplay
  4. Real-world manifestations: e.g., 15-pound hat on Wall Street Bull

Market Impact:

  • WIF reached a $2 billion market cap at its peak
  • One of six memecoins in the top 100 coins by market cap

Commentary:

Marketing Tool​

Implications for Marketing and Growth

  • Meme strategies becoming increasingly important for businesses
  • Can significantly enhance acquisition and content marketing strategies

Memecoin Creation​

How to create your own memecoin.

Use pump.fun to easily create memecoins or code your own.

Attachments​