Crypto Casino Olympic MEME

Written by: Peng Yong

Since the outbreak of DEFI,cryptocurrencyThe market has undergone tremendous changes and extensions. People have received a large number of airdrops in the DEFI market. The data wealth they have earned has made people excited and they have begun to seek another way to satisfy themselves, just like many people who have made money like to go to Las Vegas and Macau casinos. MEME has become the most popular absurd market sector after DEFI. They are rampant in the market today, turning every hot event into MEME. Token, filling the entirecryptocurrency市场。今年 7 月 26 号的巴黎奥运会，或许也将被转化为 MEME Token的炒作对象，成为新的大事件赌场。

The beginning of crypto-MEME coin

2013 年，狗狗币 (DOGE，全称 Dogecoin) 的创始人 Jackson Palmer 为了嘲笑当时的加密货币，通过一只网红日本柴犬结合比特币命名为 Dogecoin，将网红柴犬的照片作为狗狗币的 LOGO，在社交媒体得到了很大的曝光，因此狗狗币成为了一种热门的加密货币。2013 年之后的狗狗币，一直被用作是一种打赏的小费代币和讽刺，很多加密机构在举办的活动的时候，都会把 DOGE 作为礼品送给参加活动的人，包括很多的加密walletAll operation demonstrations are displayed through DOGE.

The rise of MEME

Until Musk appeared, Dogecoin andCommunityThe MEME coin began to rise, and earth-shaking changes have taken place since then. Musk is a super entrepreneur and internet celebrity with 100 million fans, and he is also the helmsman of the Tesla and Spacex empires. Musk's contribution to Dogecoin has had a huge impact. Because of Musk's promotion, Dogecoin has become the MEME coin with the largest market value (up to 88 billion US dollars).

In 2021, Musk frequently mentioned Dogecoin on Twitter (X), and his tweets often triggered strong reactions in the trading market, leading to sharp fluctuations in the price of Dogecoin. For example, he once postedXiaobai NavigationVarious jokes, pictures and comments about Dogecoin quickly went viral and attracted a lot of attention.

Musk not only sent funny pictures of dogs on Twitter, but also chatted with them on Twitter's Space many times.CommunityMembers talked about Dogecoin, and his participation and support brought great confidence and motivation to the community, further increasing the influence and appeal of Dogecoin. Including speeches in real public occasions, Musk expressed a positive view of Dogecoin. For example, in the American comedy show Saturday Night Live (SNL), Musk's speech once again aroused the market's attention and discussion on Dogecoin, and the surge in DOGE tokens. Later, Tesla's peripheral products also supported DOGE payment.

Musk also made an indispensable contribution to the promotion of SHIB (Shiba Inu), which is second only to DOGE. On October 4, 2021, Musk tweeted that "I'm going to name my Shiba Inu Floki Inu". SHIB rose by 57% that day. Because of Musk's tweet, the crypto community launched the Floki token, which rose by 1425% that day. SHIB's increase reached its historical high in October 2021, becoming the password for getting rich and the peak of despair in the minds of many people.

Musk, who pushed MEME to become even crazier, was teased by the community as the Pope of MEME, and the MEME coin sector has been taking off since then.

Post-MEME Era

Today, the size of MEME coin even exceeds L2 Infrastructure, MEME’s current market value is 45.2 billion US dollars, making it a force that cannot be ignored.L2 The market value of infrastructure is $19.7 billion, less than half of the total market value of MEME coins. L2 The data made people think.

In the past few years, the influence of MEME coins has continued to expand, and various hot event MEME coins have emerged in the market. These currencies are usually highly volatile and highly speculative, but it is this characteristic that has attracted countless investors to speculate. Now for many people, buying MEME coins is not only a way of investment, but also a fun way to participate in the Internet MEME (online "stalk") culture and community activities. Just like when we see others buying a popular peripheral product about "Cai Xukun" on the Internet, people who are infected by emotions will also think about owning this product. No one cares about the practicality of "Cai Xukun" peripheral products, and the same is true for buying MEME coins, for fear of missing the opportunity to get rich.

In addition, social media plays a vital role in the spread of MEME coins. Through platforms such as Douyin, TikTok, Telegram, Twitter, and Reddit, MEME coin community members can quickly share information, push up the price of the coin, and even trigger a short-term trading market frenzy.

The combination of the Olympics and MEME coin

Wherever there is a big event or network MEME, there will be MEME token launches, they are everywhere. On July 26, 2024, the Paris Olympics will kick off under the attention of the world. As a global sports event, it will attract a lot of attention to this Olympics.

In this context, MEME coins, combined with the hot spots of the Paris Olympics, will attract a large number of sports users and viewers in front of mobile screens, thus generating trading opportunities for MEME coins. Some MEMEs have begun to issue MEME tokens with the theme of the Paris Olympics. For example, the MEME coin issued with the mascot "Phryges" of the Paris Olympics has issued tokens on Ethereum and Solana respectively. SOL/PHRYGES, market value 5M, pool liquidity 340K, number of holders 2.6K; Ethereum/PHRYGES, market value 224K, pool liquidity 63K, number of holders 2.5K. The advantage of Ethereum/PHRYGES is that it is closely based on Ethereum, which has the most active on-chain user base, world recognition and a large developer community. Although the market value and liquidity are small, it has huge growth potential and rich ecological resources.

Some MEME coins may sponsor athletes or specific events, or launch NFT (non-fungible token) collections related to the Olympic theme. In addition, the MEME coin community is also actively involved in it, enhancing interactivity and entertainment by guessing the results of the game and making emoticons related to athletes.

This combination not only brings more exposure opportunities for MEME coin, but also injects new elements and fun into the Olympics. In this way, MEME coin not only demonstrates its unique charm, but also proves its influence and innovation ability in the cryptocurrency market.

Conclusion

From a joke to today's market phenomenon, the rise of MEME coin demonstrates the powerful force of Internet culture. At the upcoming Olympic Games, MEME coin will further expand its influence and popularity through various creative activities and marketing strategies. Although its high volatility and speculation still exist, it is undeniable that MEME coin has brought new vitality and possibilities to the cryptocurrency market. Over time, MEME coin will continue to leave its unique mark around the world.

The article comes from the Internet:Crypto Casino Olympic MEME

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