Coin World reported:
As of October 20th, the data statistics of BTC, ETH, and TON on the TrendX platform are as follows:
The number of discussions on BTC last week was 15.09K, an increase of 20.59% compared to the previous week; the price on last Sunday was $68,878, an increase of 1.18% compared to the previous Sunday.
The number of discussions on ETH last week was 3.63K, unchanged from the previous week; the price on last Sunday was $2,737, an increase of 3.63% compared to the previous Sunday.
The number of discussions on TON last week was 943, an increase of 20.59% compared to the previous week; the price on last Sunday was $5.33, an increase of 1.75% compared to the previous Sunday.
The rise of Memecoin cannot be separated from its strong community foundation. Since the emergence of tokens such as DOGE and SHIB, they have not only represented economic value but also carried the emotions of Internet culture. In the early stages of cryptocurrency, many users flocked to these projects for their entertainment value and sense of community. The power of the community is intangible but extremely important. Over the years, Internet culture has played a significant role in the cryptocurrency field, from the initial “dogecoin” to the various memes today, the formation of Memecoin is like an epic of Internet culture.
The accumulation of Internet culture and the power of community hype cannot be underestimated in the development of Memecoin. The sense of identity that users have for these symbols is not formed overnight but accumulated over time. In this process, the low barrier to entry of Meme culture allows everyone to participate, forming a huge user base. The NFT community players who were popular a few years ago have become an important cornerstone for the development of Memecoin. It can be said that the community attribute occupies a primary position in the success of Memecoin.
In this context, the introduction of AI provides a new perspective for analyzing and predicting the potential of Memecoin. By analyzing the interaction, emotions, and behavior of community members, AI can identify which Memecoin projects have more resonance in terms of culture and market, thus providing valuable decision-making basis for investors.
Viral Effects and Liquidity
Compared to NFTs, Memecoin has advantages in terms of dissemination and liquidity. This characteristic makes Memecoin a more viral cultural carrier. The participation of celebrities and KOLs enables Memecoin to achieve large-scale dissemination in a short period. For example, the combination of Pepe imagery and Donald Trump during the campaign became a widely influential meme, which not only promoted the value of Memecoin but also sparked larger social discussions.
With the development of social media, the speed of Memecoin dissemination has reached unprecedented levels. AI can track the dissemination paths of Memecoin on different platforms through social media analysis technology, identify hotspots and potential investment opportunities. For example, when $Trump was released, the Biden team also realized the influence of memes and planned to hire a dedicated meme manager to attract support from young voters. This series of events fully demonstrates that Memecoin is not only a financial tool but also a representative of modern cultural dissemination.
In this dissemination process, AI can also help analyze user emotions to predict the future trend of Memecoin. When market sentiment is high, the value of Memecoin tends to rise rapidly, while it may face sell-offs when sentiment is low. Therefore, understanding changes in market dynamics and user psychology is essential when investing in Memecoin.
Leveraging Small Leverage for Large Returns
The success of Memecoin lies in its volatility and wealth creation myth. For example, Tron seized the wave of Memecoin in market volatility and launched several projects related to Memecoin. The skyrocketing of SUNDOG from $0.002 to $0.20 attracted a lot of attention from investors and the media. This phenomenon indicates that Memecoin can not only bring substantial returns to individual investors but also drive the vitality of the entire ecosystem.
AI plays an important role in this process. By analyzing historical data and market trends, AI can identify which small-scale Memecoin projects may trigger mass user participation. Investors can use AI tools to quickly obtain market information and make wiser investment decisions. In addition, AI can optimize trading strategies through algorithms to help investors seize opportunities in volatile markets and achieve the goal of leveraging small leverage for large returns.
This wealth creation effect is particularly evident in Memecoin. Many successful Memecoins have incredible wealth stories behind them, attracting a large number of new users. As FOMO (fear of missing out) spreads among investors, the popularity of Memecoin continues to rise. This phenomenon not only drives the market price of Memecoin but also increases the overall activity of the cryptocurrency market.
A New Perspective on Market Strategy
The success of Memecoin is not accidental, and traditional project thinking is undergoing a transformation. In the past, many projects first built products and then matched users, while Memecoin is a disruptive example. Since Memecoin communities have naturally formed, building a product that includes Memecoin to attract users has become a new market strategy.
The application of AI technology makes this strategy more efficient. For example, BONKbot is a successful case. As a Telegram trading bot based on Solana, the launch of BONKbot originated from the BONK token. A portion of the fees generated by the trading is used to purchase and destroy BONK tokens, thus aligning economically with token holders. This innovative combination not only attracts user participation but also gives Memecoin new vitality.
This strategy of combining Memecoin with practical products provides new ideas for future projects. Combined with AI technology, user needs can be analyzed more accurately to optimize product design. In the future, more projects may enter the market quickly through this method, leveraging the popularity of Memecoin to create value.
How to Evaluate the Potential of Memecoin
In the field of Memecoin, evaluating its potential requires considering multiple factors comprehensively. First, the stability of community consensus is an important indicator. The reaction of community members during market fluctuations directly affects the value of Memecoin. AI’s sentiment analysis technology can help investors understand changes in community sentiment and assess the risks and opportunities of projects.
Second, the persistence of celebrity support is also important. Memecoin projects involving celebrities often attract a lot of attention, but if these celebrities withdraw their support, the value of Memecoin may decline. By analyzing interaction data on social media, AI can evaluate the influence of celebrities on Memecoin projects and better grasp investment opportunities.
Investors also need to be vigilant about the risks that Memecoin may face. Although it has a low barrier to entry, many projects may still have contract vulnerabilities, pump and dump schemes, or rug pulls. AI technology can help identify potential risks, provide real-time monitoring, and ensure that investors can respond promptly.
The Combination of AI and Memecoin
The involvement of AI will greatly promote the development of Memecoin. Through smart contracts and AI analysis, users can better identify potential valuable projects, reduce risks, and increase returns. In addition, AI can also play an important role in the creation and dissemination of memes, helping users create and spread more attractive content.
For example, AI can generate relevant meme content by analyzing hot topics on social media, thereby enhancing the dissemination effect of Memecoin. This AI-based creation not only improves the quality of memes but also enriches the cultural connotation of Memecoin, making it more attractive.
In the future, with the continuous advancement of AI technology, the potential of Memecoin will be further explored. Investors will be able to rely on AI analysis tools to more accurately predict market trends and identify promising projects. This process not only helps investors reduce risks but also promotes the prosperity and development of the entire Memecoin ecosystem.
TrendX Excels at Capturing Memes
TrendX is a one-stop platform that helps users find investment opportunities through AI and big data technology. Since its establishment in 2022, TrendX has processed more than 20TB of on-chain and off-chain data, analyzing real-time trends from billions of data. Adhering to the concept of “change is opportunity,” TrendX provides investment advice to users through intuitive interactions, aiming to become the preferred Web3 investment platform for users.
Especially for Memes, capturing Memes is a challenging task as they often initially appear in smart money addresses. This is precisely TrendX’s advantage. The platform’s self-developed fully automatic address filtering system is one of its core strengths. Currently, the platform has gathered over 22,000 active Web3 projects, covering all projects from the primary to secondary markets. Users can easily find project information, track records, and community voting and comments through multi-dimensional data on the platform. They can also utilize the platform’s real-time updates of over 200,000 smart money addresses, including whale addresses and Meme smart money. It is worth noting that the smart money feature integrates TrendX’s unique fully automatic address filtering function, ensuring that the entire address library is dynamically updated. This ensures that the latest Memes are captured by TrendX anytime, anywhere.
TrendX not only has strong capabilities itself but also has established close partnerships with over 50 industry representative projects. These partners include OKX, Coingecko, Bitlayer, ChainCatcher, etc., which have made significant contributions to the healthy development of the Web3 ecosystem. These partnerships further consolidate TrendX’s leadership position in the industry and bring more investment opportunities and resources to platform users.
Summary
The development of Memecoin not only profoundly affects the cryptocurrency market but also redefines community culture and communication methods. In this field full of opportunities and challenges, continued focus on the combination of AI and Memecoin will bring new insights and opportunities to investors and community members. With the power of AI, Memecoin may show even greater potential in the future and become a true game-changer in the market.
Research Data
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How are memes born and captured in the race to a trilliondollar market value TrendX Research Institute
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