How to View the Difference Between Investing in Meme Coins and Value Coins?

Degens invest in memecoins without any research basis. For them, memecoins are more of an entertainment and speculative activity. The value of meme coins is primarily driven by community participation, and due to the lack of fundamental economic or business applications, their value is often shaped by social media and market sentiment.

What Potential Does a Successful Meme Coin Need to Have?

The meme phenomenon is closely tied to internet culture, and a successful meme coin needs to create a broad appeal for brand building and community development. Additionally, support from influential figures with large communities also increases the potential success of memecoins. As we know, back in 2022, Elon Musk supported the DOGE token on Twitter and traditional media, significantly boosting its token value.

Will the Volatility of Meme Coins Negatively Impact Overall Portfolio Stability?

Generally, yes. Most memecoin investors are individuals who do not set profit-taking targets, which means they may end up with negative returns due to high volatility (especially when the proportion of meme coins in their portfolio is relatively large).

Why Do Most Meme Coins Choose Solana or Base Chains?

The appeal of the Solana blockchain for meme coins lies in its scalability and efficiency. Compared to Ethereum, Solana can handle hundreds of transactions per second at a lower cost.

Is the Meme Frenzy Fundraising on Solana Equivalent to the ICO Era on Ethereum?

To some extent, this can be understood. However, this approach is also evolving, and due to lower transaction fees and faster transaction speeds, Solana may be more attractive than Ethereum.

Solana uses meme coins to drive hype and activities within its ecosystem, which is a clever marketing strategy, especially with the way Solana phones are tied to the BONK token.

How to Identify Projects Like BOME Early On?

• Follow KOL lists on Twitter, memecoin hunters on Solana, etc.
• Participate in online crypto communities and monitor social media trends.
• Explore high-potential presale projects.
• Use crypto market aggregators --- coinmarketcap, coingecko, coincodex.
• Etherscan, Dune analytics --- these are indicators for analyzing memecoins.
• Pay attention to low market cap memecoins.

Will Meme Coins Continue to Stay Hot in This Bull Market? What Is Their Importance?

The value of meme coins is primarily influenced by social media popularity and support from influential figures, rather than fundamental financial metrics. Community activities (online platforms like Twitter and Reddit) remain hotspots for promoting and discussing meme coins. The meme market is mainly driven by individual investors, and due to its unpredictable nature, institutional investors (aside from degen venture capital and high-risk speculative trading) typically avoid investing in meme coins.

Although many meme coins initially have little intrinsic value, the development of utility can significantly impact their longevity. Expanding their functionalities beyond simple trading and offering projects like gaming or NFT services may see greater sustainability.

Note: All views above are for reference only and do not constitute investment advice. If there are any objections, please feel free to contact for corrections.