Coin World Report:
As of October 20th, the data statistics on the TrendX platform for BTC, ETH, and TON are as follows:
The number of discussions on BTC last week was 15.09K, an increase of 20.59% from the previous week; the price on Sunday last week was $68,878, a 1.18% increase from the previous Sunday.
The number of discussions on ETH last week was 3.63K, remaining stable from the previous week; the price on Sunday last week was $2,737, a 3.63% increase from the previous Sunday.
The number of discussions on TON last week was 943, an increase of 20.59% from the previous week; the price on Sunday last week was $5.33, a 1.75% increase from the previous Sunday.
The rise of Memecoin cannot be separated from a strong community foundation. Since the emergence of tokens like 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 due to their entertainment value and sense of community belonging. 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 various memes today, the formation of Memecoin has become 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 identification that users have with these symbols is not immediate but accumulated over time. In this process, the barrier-free nature of Meme culture allows everyone to participate, forming a huge user base. Players in the NFT community that was popular a couple of years ago have become important cornerstones 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 resonate more culturally and in the market, thus providing valuable decision-making basis for investors.
Viral effect and liquidity
Compared to NFT, Memecoin has advantages in terms of dissemination and liquidity. This characteristic makes Memecoin a more viral cultural carrier. The involvement of celebrities and KOLs enables Memecoin to achieve large-scale dissemination in a short period of time. For example, the combination of Pepe’s image with Donald Trump during his campaign became a widely influential meme, which not only boosted the value of Memecoin but also sparked larger social discussions.
With the development of social media, the speed of Memecoin dissemination has been unprecedentedly accelerated. 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, thus predicting the future trends of Memecoin. When market sentiment is high, the value of Memecoin often rises rapidly, while it may face sell-offs when sentiment is low. Therefore, understanding market dynamics and user psychology is essential when investing in Memecoin.
Leveraging small leverage for big profits
The success of Memecoin lies in its volatility and wealth creation myth. For example, Tron captured the hype of Memecoin in market fluctuations and launched multiple 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 overall activity of the ecosystem.
AI plays an important role in this process. By analyzing historical data and market trends, AI can identify small Memecoins that may trigger massive 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, helping investors seize opportunities in a volatile market and achieve the goal of leveraging small leverage for big profits.
This wealth creation effect is particularly evident in Memecoin. Many successful Memecoins have amazing stories of wealth behind them, attracting a large number of new users. As the FOMO (fear of missing out) mentality spreads among investors, the heat 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 change. In the past, many projects first built products and then matched users, but Memecoin is a disruptive example. Since the Memecoin community has 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 from trading is used to buy 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. By combining AI technology, user needs can be analyzed more accurately, and product design can be optimized. 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. Firstly, 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.
Secondly, 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 assess the influence of celebrities on Memecoin projects, thus better grasping investment opportunities.
Investors also need to be cautious about the risks Memecoin faces. Although the barrier is low, 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 to 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 projects with potential. This process not only helps investors reduce risks but also promotes the prosperous 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 over 20TB of on-chain and off-chain data, analyzing real-time dynamics from billions of data to capture investment opportunities. Adhering to the concept of “change is opportunity,” TrendX provides investment advice to users through intuitive interaction, aiming to become the preferred Web3 investment platform for users.
Investment carries risks, and projects are for reference only. Please invest at your own discretion.
Research data
Follow us
TrendX: TrendX-No.1 Web3 investment opportunities and platform. Relying on industry-leading AI analysis technology and on-chain/off-chain trend tracking technology, TrendX analyzes real-time dynamics from billions of data to capture investment opportunities. It provides investment advice to users through intuitive interaction, adhering to the concept of “change is opportunity” and striving to be the user’s preferred Web3 investment platform.
Especially for Memes, capturing memes is a challenging task as they often initially active in some smart money addresses. And this is exactly the advantage of TrendX. The platform’s self-developed fully automatic address screening system is one of its core advantages. Currently, the platform has gathered over 22,000 active Web3 projects, covering all projects from primary to secondary markets. Users can easily find project information, track categories, and access community voting and comments through the platform’s multi-dimensional data. They can also utilize the platform’s real-time updated address database of over 200,000 smart money addresses, including whale smart money and meme smart money. It is worth noting that the smart money function incorporates TrendX’s unique fully automatic address screening function, keeping the entire address library dynamically updated. This ensures that the latest memes are captured by TrendX anytime, anywhere.
TrendX not only has strong capabilities but also has established close partnerships with more than 50 industry representative projects. These partners include OKX, Coingecko, Bitlayer, ChainCatcher, etc., all of which have made important 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, continuous attention to the combination of AI and Memecoin will bring new insights and opportunities for 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
Follow us
TrendX: TrendX – No.1 Web3 investment opportunities and platform. With industry-leading AI analysis technology and on-chain/off-chain trend tracking technology, TrendX analyzes real-time dynamics from billions of data to capture investment opportunities. Through intuitive interaction, TrendX provides investment advice to users, adhering to the concept of “change is opportunity,” and aiming to be the user’s preferred Web3 investment platform.
Investment carries risks, and projects are for reference only. Please invest at your own discretion.
Subscribe to Updates
Get the latest creative news from FooBar about art, design and business.
How are Meme born and how can they be captured on the track of trilliondollar market value TrendX Research Institute
Add A Comment