As the market continues to pull back, Bitcoin has also fallen below the 60,000 mark, and a large number of altcoins have almost lost most of their gains. In fact, there have been many positive factors in the past period of time, such as ETF, BTC halving, interest rate cuts, etc., but it seems that the positive factors have long been overdrawn by the market , but it is precisely at this time that new opportunities may have been quietly bred. The ETH ETF is expected to be launched around mid-July, and there is more and more hype around it, so the ETH Meme coin may be a hot track in the near future.
According to the latest data from CoinGecko, Memecoins total market value and trading volume are far ahead of other tracks, and its total market value has exceeded 4 billion US dollars. There is also a very interesting phenomenon that the top 10 Memecoins by market value are all Frog Dog, with only one Cat ranking 11th.
There are cats and dogs everywhere, so how is Memecoin classified?
PolitiFi (Political Meme Coin)
Trump Meme Coin might be a good place to start, especially since the first presidential debate just happened a few days ago and there will be another debate in the coming months. The election is approaching, so Trump Meme Coins are very popular and are gaining more attention as the election approaches. The MAGA Trump Meme Coin - although it is a meme, it is interesting because it actually donates to the charity and they have a donation receipt on the website, so it has some utility.
Cultural Coin
Culture coins are those cryptocurrencies that derive their value from cultural significance rather than technology. They focus primarily on memes, trends, subcultures, Gen Z slang, etc. These factors help them gain attention and become viral.
MOG is the most famous cultural coin. MOG essentially means to be aesthetically superior to others (bodybuilder background). A common cultural coin video is a bodybuilder standing and lifting weights, then another person comes in and starts lifting heavier weights, and then advertises MOG coins.
Combining MOG with Trump is also a trend. There are these famous MOG glasses that are put on Trumps face. This essentially combines two trends to make it fun, and this is one of the characteristics of memes.
Animals
$DOGE (Dogecoin): A classic meme coin with a Shiba Inu as its logo.
$SHIB (Shiba Inu): Another Shiba Inu-themed meme coin that competes with $DOGE.
Funny
$ASS: Asscoin, with a funny theme.
$HOGE: Hoge Finance, a joke project.
Community
$SAFEMOON: A community driven cryptocurrency.
$ELON: A community coin inspired by Elon Musk.
As the market continues to change and innovate, the types and influence of Meme coins are also expanding. From politics to culture to animal themes, these cryptocurrencies are not just investment tools, but also the embodiment and continuation of Internet culture. With the launch of ETH ETF, ETH Meme coin is expected to become the next hot track, bringing new opportunities and challenges to investors. In this volatile market environment, seizing every potential opportunity may be the key to success. Let us wait and see how Meme coins perform in the future market.
