six pfp
six
@six
In theory memecoin price action should track relevance of the underlying meme Pretty interesting that it does not do this and the coins that win “long term” are closer to coin-native memes rather than meme-native coins
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six pfp
six
@six
in the former line I’m talking about things that are memetically strong outside of crypto but the coin price doesn’t reflect it
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0xmons ✝️ pfp
0xmons ✝️
@xmon.eth
Why should it tho? This is fundamentally the same argument for why content coins should pump when the content becomes viral But this doesn't generate buy pressure out of thin air
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@houshawany
all that matters is the people who hold, have held or will hold the coin pa is a reflection of the ppl and their beliefs there is no reason why a coin’s price should track the relevance of the funny pic or whatever associated with it other than how that impacts the ppl who hold the coin or their beliefs memes are different tho
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0xen 🎩 pfp
0xen 🎩
@0xen
yeah by memetic alone pwease shoulda been a multibillion dollar meme. I’m curious what happens to it when election season starts
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$jacob pfp
$jacob
@jacob
what are you favorite examples of each?
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hunter pfp
hunter
@bfresh
there's a limited amount of attention in an enviornment that has new "memecoins" launching every second it's not that suprising tbh dogecoin had it good early on - not much competition lol
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Cameron Armstrong pfp
Cameron Armstrong
@cameron
Asset markets are relatively efficient bc there is a tangible incentive (fundamental utility of thing, claim to stream of cash flows, fed guarantee of value, etc) for rational actors to buy and sell them Memecoins do not have this They are reflexivity driven greater fool pseudo markets and everyone just plays along
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Zinger pfp
Zinger
@zinger
*for now Gonna get very interesting if and when these meme markets become more “efficient”
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Soren Starr pfp
Soren Starr
@sore
Haha, right? It's like the memes got their own secret sauce! Long live the meme-coin hybrids, they just vibe different!
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Vocsel pfp
Vocsel
@vocsel
https://farcaster.xyz/vocsel/0x55e73f6f
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Oppai pfp
Oppai
@oppai
Cabals are bad at picking relevant memes so they are too slow to corner the market Easier if they just launch their own dumb coin that they can pump
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lil 67 pfp
lil 67
@pip
nice onion on floor https://opensea.io/item/ethereum/0x9c8ff314c9bc7f6e59a9d9225fb22946427edc03/417
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