Why meme coins are called "Tugou"
The reasons why meme coins are called "Tugou" mainly include the following points:
Origin and definition:
Meme coins originally existed as the predecessor of meme tokens. Meme coins usually symbolize grassroots culture and entertainment spirit, and can stimulate emotional resonance among retail investors.
Tugou coins usually refer to tokens that have just been issued and have no community cultural support. They are easy to return to zero in a wave, and they can be called meme tokens after they have a certain community foundation.
Culture and community support:
The popularity of Tugou coins can be said to be "existence is reasonable", and its price is often not based on rational analysis, but on sensibility and popularity.
The popularity of Tugou coins also reflects a cultural phenomenon, that is, low threshold, strong wealth-making effect, and many stories.
Market dynamics:
The price fluctuations of Tugou coins are usually large and are easily affected by market sentiment, such as FOMO (fear of missing out) emotions.
For example, the IP "Sad Frog" pepe on the Internet created a 200,000-fold increase in half a month, showing the high speculation and potential high returns of Tugou coins.
In summary, meme coins are called "dogs" mainly because they originally existed as the predecessor of meme tokens and have not yet formed stable community support and cultural identity. At the same time, their price fluctuations and market performance also reflect a cultural phenomenon and market dynamics.
