Original author: TechFlow
Because of its fair launch and easy-to-understand inherent culture, Meme has always been a representative of the retail investor spirit.
Making the Meme rise is the common expectation and wish of crypto investors.
Of course, since the birth of Meme, the debate surrounding Meme’s price and future trend has never stopped. But if you are bearish on Meme publicly, it may lead to a big debate.
The impact of the last debate between a16z CTO and the community on the value of Meme has not yet dissipated. Last night, a trader @CryptoDonAlt with 550,000 followers posted a bearish tweet on Meme, which triggered a new round of debate:
DonAlt believes that the meme craze is over and the sector is about to experience a big crash. At the same time, he remains optimistic about the tokens of other sectors. Finally, with a slightly sarcastic tone, he gave special advice to the current meme players who are keen on hyping cat and dog themes.
DonAlt then explained why he is bearish on memes:
There are already countless MEMEs
Thousands of new MEMEs appear every day
Many people believe in the GME -> Meme rotation (which I think is very stupid)
The chart doesnt look good overall
Market sentiment is heavily bullish
In the current environment where meme hype has become somewhat of a crypto-politically correct statement, DonAlts not so correct remarks immediately aroused a chemical reaction among meme players.
Well-known Meme master Ansem (@blknoiz 06) quickly responded to DonAlts bearish view and showed a screenshot of cryptocurrency data over the past year:
Ansem pointed out that Memecoin is the only altcoin sector that has risen overall in the past year. He questioned DonAlts choice to be short on MemeCoin and responded to the ridicule with a sentence wait and see.
After responding, Ansem immediately released a new tweet in support of Memecoin: MemeCoin is currently in the acceleration stage, and there will be new MemeCoins worth billions of dollars like Pepe, Bonk and Wif in the future.
Ansem later described the discussion as a war through a funny meme.
Indeed, this is a battle to defend the value of Meme in the hearts of crypto players. Meme makes people see the wealth effect, provides more liquidity and more reasons for hype, and is easier to spread. It is natural that Ansem is the first one to be disappointed by the generalization of all Meme categories and openly bearish.
As a KOL with great influence in the Memecoin community, Ansems firm attitude of defending the value of MemeCoin has aroused positive responses from fans. Some fans even compared DONALT, which was shorting Meme, to the Citron Fund, which shorted GME stock in early 2021, and compared ANSEM, who maintained the value of Meme, to the legendary player Keith Gill, who called on retail investors to unite on GME stock to resist the shorting of big Wall Street capital.
In response to Ansems declaration of war and the fierce counterattack from meme players, DonAlt himself responded with a lighthearted attitude: To be honest, I am not afraid of the criticism from your fans. Instead, I am more worried about the little accidents that may happen in life.
A pause in debate
It seems that no one can convince anyone in this war of words, and it will not affect the creation of a large number of new memes every day and the enthusiasm of degens.
After the direct confrontation between the two parties temporarily stopped, DonAlt and Ansem still insisted on their bearish/bullish positions on MemeCoin on their social accounts. DonAlt has been sharing his bearish views on $WIF; Ansem firmly believes that there will be multiple MemeCoins with a market value of more than 10 billion US dollars in the market.
This is not the first time that MemeCoin has been debated by many, and it certainly won’t be the last. The core of the debate may not be about MemeCoin itself, but the spirit of freedom and the possibility of transcending classes that it represents are the key points that attract people.
The rise and fall of the currency price is a market rule. You dont have to be too obsessed with short-term price fluctuations. If you are optimistic, hold on firmly. If you are not optimistic, sell and go. This is how trading should be done.
For the two parties at the center of this debate, although DonAlt and Ansem firmly stand on different positions, it does not affect their exchange of views in a relaxed and pleasant manner. As for retail investors, of course they hope that Meme can rise, so standing on Ansems side is more like a choice determined by the position.
After all, if even Meme fails to recover, it may really mean the end of a crypto cycle.
Just like what happened between DonAlt and Ansem today, defending each others positions means less cursing and more LMAOOOOOO.
