Foreword:

MEME is a cryptocurrency based on MEME culture.

MEME culture:

MEME Culture As early as 1940, the word MEME was used 60 times in a New York Times crossword puzzle. The meaning is: "In a culture, an idea, behavior, style or usage that spreads from one person to another." Until the 20th century when the Internet became more common, MEME memes began to spread on the Internet. It spread virally very quickly, and also created some globally popular memes! People make the entire page lively and interesting through creation, and use ridicule and teasing techniques to complain about a serious matter, making MEME memes suddenly become a kind of Internet culture.

MEME Cryptocurrency:

In this context, pop culture characterized by rapid profiteering, derivatives, resonance, and viral replication has gradually emerged. In the beginning, MEME was just an April Fool's Day joke or meme on the Internet, but with the integration of MEME and the crypto world, MEME currency is rapidly emerging as a new type of crypto asset. From a “meme” to a market value exceeding 100 million, MEME coin once again shows us the infinite possibilities of the crypto market.

G+ integrates the representative MEME token (Doge) to allow us to enter this dramatic financial event together.

DOGE(Dogecoin)

Dogecoin has long held the title of King of MEME and has always been the object of imitation by MEME projects.

All kinds of dogs have appeared in the entire crypto market. (The scene of hundreds of dogs worshiping)

Development history:

In 2013, Billy Markus, an IBM programmer from Portland, Oregon, wanted to produce a cryptocurrency that was different from Bitcoin. Bitcoin's founder was anonymous and attracted a niche group of diggers at the time, and according to Usman Chohan, Markus wanted his cryptocurrency to be accessible to the masses.

Markus wanted to find someone to realize this strange dream with him, so he found Jackson Palmer from Adobe. The domain name Dogecoin.com was then purchased as a tribute to the “Doge” meme that was popular on the internet at the time.

The origin of this photo: On February 23, 2010, Japanese kindergarten teacher Atsuko Sato posted several photos of her adopted Shiba Inu Kabosu on her personal blog. The photos included a bizarre photo of Kabosu sitting on a couch while squinting at the camera with raised eyebrows, a meme that went viral in late 2013 and remained a prominent figure in pop culture until the Doge token was launched in December. The photo was later used as the LOGO and was called the first photo of "Doge".

DOGE’s success is actually traceable. It did the right thing at the right time:

1: Selected the photo of the then MEME meme KABOSU as the token LOGO

2: DOGE launched in response to ridicule of BTC price

3: Tipping culture in Western countries

4: The concept of decentralization

5: Strong community

6: Musk

The DOGE community played a very important role in the early development, through crowdfunding DOGE for charity, sponsorship, and various channels that are conducive to the exposure of DOGE. Including using Dogecoin as a tip on Reddit, one of the main driving forces behind Doge’s meteoric rise.

Here we need to explain the "decentralization concept"

Decentralization has always been synonymous with the Bitcoin blockchain.

This was fully demonstrated in the development process of DOGE at that time (decentralization). Its two founders, Markus Jackson, successively withdrew from DOGE. Generally speaking, this situation includes the current situation where the founder suddenly leaves. The subsequent development of the project can be imagined, but the DOGE community quickly formed a new development team to maintain the development of DOGE.

When a strong community reaches a consensus, the possibility that needs to drive the price of the currency is to call for orders and celebrity effect. So it’s not too much to say that Musk, the world’s richest man, is the number one bidder:

On February 4, 2021, Musk tweeted, “You don’t need to be a rich man to own it, Dogecoin is the people’s cryptocurrency.”

On April 15, 2021, Musk released a picture of a dog’s head barking at the moon.

On May 10, 2021, Musk appeared on the American variety show "Saturday Night Show" and admitted in the interview that the encrypted digital currency Dogecoin (DOGE) is a scam (hustle).

On January 14, 2022, it was announced that it would support using DOGE to purchase Tesla products.

On April 10, 2022, Musk proposed that Twitter Blue subscription fees may be paid with DOGE coins.

On June 21, 2022, Musk announced that SpaceX would also accept DOGE payments

On April 3, 2023, the little bluebird logo on the Twitter page was changed to the DOGE dog emoticon avatar; Musk tweeted a picture containing the DOGE emoticon and the Twitter bluebird logo.

Under the crazy output of the richest man, the market sentiment was enough for FOMO. On May 3, 2021, Doge rose to a maximum of 0.7 US dollars.

At present, the price has dropped significantly. There are currently mixed market opinions on whether it can break new highs again. Time will tell the result.

DOGE is currently the only MEME coin that has survived multiple bull and bear markets. Shib was only born in the last bull market. It is currently in a state where no one cares about it.

Future opportunities:

This year can be regarded as a high-frequency explosion cycle for MEME coins. Especially this year, first pepe (frog meme) and then AIDOGE distributed tokens in the form of airdrops, which once again pushed MEME to the forefront. There is a popular saying in the market: "Value investment is an empty stud and the frog lives in the palace." ) is a bit funny and a bit ironic. Under the MEME craze led by PEPE, the MEME market is showing a hot scene this year. The price of many MEME coins increased by more than 1,000% in just one day, but the craze quickly subsided. In just one week, the price of PEPE has fallen by nearly 65%. This short-lived craze and rapid decline revealed many problems faced by the current MEME market, but this time the MEME market has successfully attracted the attention of mainstream institutions.

But investing is not an easy thing. Compared with mainstream currencies, it may be a common thing for MEME coins to return to zero, and some even become rogue as soon as they go online.

So when you find a good meme coin, what you need to consider is how to properly trade this type of volatile asset. Since speculation determines the price of Meme coins, you have to deal with high volatility. You can start from the following points:

1: Diversify your investments: Try not to put all your eggs in one basket. A portion of your portfolio should be allocated to one or more meme coins.​

2: Long-term holding: If you are sure that a certain Meme coin is reliable, you can decide to choose a long-term investment plan, and you can hold it regardless of short-term price fluctuations. Take Shiba Inucoin and Dogecoin, both cryptocurrencies took years to soar.

3: Analyze community sentiment: Don’t forget that viral spread will trigger the success of Meme coins. If everyone doesn’t spread the word, it will be difficult to get good returns.

4: Don’t get FOMO: When investing or trading Meme coins, it’s crucial to avoid making emotional decisions based on fear of missing out or greed.

Embrace and be wary of bubbles. Bubbles are the spark that ignites the market. You can earn profits in bubbles, but you must also be skeptical of bubbles.

G+ editorial: The MEME market will not disappear, it will appear in front of us in ever-changing ways as the encryption market progresses.