A new understanding of "MEME": more like an international lottery station!

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1 month ago

Reconceptualizing "MEME":

In this new phase, we can envision the Memecoin ecosystem as a global, skill-based lottery platform. Imagine players freely choosing the lottery brands they want to participate in, but each brand has different prizes and winning probabilities. Here, "skill" is reflected in the fact that winning is no longer solely reliant on luck, but requires a certain level of judgment. Everyone believes they can find that lottery brand that is about to achieve great success.

More importantly, if a lottery brand attracts more people to buy in, then the chances of those buyers and their friends winning will also increase accordingly. This sense of shared victory makes the game more appealing and promotes its viral spread. It is essentially a multiplayer money game infused with social elements.

Let’s take a look at the scale of the traditional global lottery industry. In 2020, the industry's sales reached $300 billion, with even half of the population in the United States participating in lottery games. Now, imagine the heights of value that could be reached if such massive capital flowed into the Memecoin space.

The previous phase was more like a testing period for Memecoins, similar to Bitcoin's exploration in the $100-$1000 range. This time, Memecoins have proven their market adaptability, demonstrating how they can change people's lives and gaining widespread acceptance globally. This was followed by a true growth period.

Thus, the performance of Memecoins is expected to far exceed that of other products in the cryptocurrency space. For the general public, they may not care about complex derivatives or new technologies that enhance throughput. They are also unlikely to be excited about the 10,000th DeFi farm, as even retail investors can see that many of them resemble fragile self-referential Ponzi schemes.

In contrast, Memecoins offer a purer and more direct form of speculation. Investors who overly rely on DeFi or L1 may face significant performance decline risks. It is quite possible that while Ethereum's price may fluctuate, the gains of Memecoins could reach 5-100 times.

In this new cycle, we are likely to witness the birth of a new generation of Memecoin elites, just as BTC, ETH, and SOL once created a group of old-school wealthy individuals or "whales."

BTC

Yesterday's report indicated that the support at 90600-89200 was effective, and there was a probability of challenging the upper range and new highs, but it did not provide an opportunity to enter! The price tested the upper range as expected and created a new high, but then broke through and fell back, a false breakout! Therefore, the current two positions are very critical:

  1. If 90975 is broken, the M15 structure will be damaged, and it will follow a retracement to the middle track!

  2. If 88700 is broken, the H1 structure will be damaged, and it will follow a retracement to the lower range!

Conversely, if these two position areas provide effective support, it will continue to oscillate upward and challenge the upper range again!

ETH

Weak as can be! H1 range 3220-3015, running below the middle track at 3120, still waiting for the price reaction after hunting the lower edge at 3015, at which point we will focus on buying opportunities!

SOL

The position of 243-245 from yesterday is currently profitable; consider short-term profit-taking or setting a breakeven stop! Currently testing the support area of 235-229; if it rebounds to 242-245, we can still look for distribution opportunities! Then it will be a hunt for 229!

The information and data involved in this content are sourced from publicly available materials, striving for accuracy and reliability, but no guarantees are made regarding the accuracy and completeness of the information. The content does not constitute any investment advice, and any investment based on it is at your own risk!

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