I remember five or six years ago, a friend of mine told me that he bought some Dogecoin . I wondered: “What is he doing?”, I think this is stupid and crazy.
Dogecoin was originally launched at the end of 2013 and has accumulated a market value of $43 billion after seven and a half years, making it one of the most popular crypto assets in the world. This may be stupid and crazy, but it is also a good investment for my friends and those who bought it in the early years.
Explain to those who don’t know, Doge is a network stalk/meme that became popular at the same time. The combination of memes and investments is a powerful mixture, I have overlooked it for a long time, but this may be wrong.
Recently, we have seen memetic investments enter into public market stocks such as Gamestop, AMC Theaters, Wendy’s, etc. The community that promotes these “memetic stocks” is based on Reddit, and the comprehensive purchasing power of this community is very strong, especially in illiquid stocks (and crypto assets).
Memetic investments are easily overlooked, and the market capital of these memetic asset transactions is meaningless in any fundamental analysis. But in my opinion, this is not the point.
Memes are interesting and can be put together. Speculation on the popularity and staying power of memes is no different from any other form of speculation.
But beyond that, I have been thinking about this topic-the market value of these memes is also very economically strong. If the boards and management teams of companies that hold meme stock choose to issue more shares at these prices, they can raise large amounts of capital to transform these companies. Similar opportunities may exist with meme tokens. AMC recently did this with their “memetic stocks.”
I decided not to ignore and underestimate memetic investment, and started trying to understand it better. I don’t think it will disappear anytime soon, but may become something more interesting.
In other words, I am not suggesting that anyone continue to invest their retirement funds or the education of their children on memes. I believe that speculation is more appropriate now. This may change, or it may not. Still to be determined.
Posted by:CoinYuppie，Reprinted with attribution to:https://coinyuppie.com/thinking-from-the-popularity-of-meme-the-combination-of-meme-and-investment-is-powerful/
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