Beyond the Meme: How Far Can Memecoins Evolve?

As a seasoned analyst with over two decades in the financial industry, I have witnessed the evolution of investment landscapes from traditional stocks and bonds to the digital gold rush of cryptocurrencies. The memecoin mania of 2021 marked an unprecedented era in this journey, shifting focus away from value-driven assets towards digital tokens born from jokes or internet memes.


2021 saw a significant shift in financial investment trends, ushering in a new epoch. For the first time ever, the value of assets was overshadowed by their humor and internet origins. Rather than seeking traditional, value-based investments, investors found themselves drawn to digital currencies that originated as jokes or were based on memes or popular culture references.

Currently, the cumulative value of all meme coins is an impressive $45.3 billion, with popular ones like Dogecoin and Shiba Inu ranking among the top 20 digital currencies.

It’s these newer initiatives, such as LADYS, that are springing up and leveraging the meme-based aspect of cryptocurrency, which is particularly captivating. The concept of memecoins no longer being limited to a ‘risky speculation’ is a thing of the past.

A New Gen Memecoin  

2023 saw the debut of LADYS, demonstrating the potential growth trajectory of memecoins. Initially self-governed, its popularity skyrocketed after a tweet from Elon Musk featuring an image from the renowned Milady NFT collection and the message, “No meme here, but I adore you.”

Although the project has no connection to Charlotte Fang or her popular NFT collection Milady Maker, Elon Musk’s endorsement significantly increased its momentum. As a result, the value of the LADYS token skyrocketed by over 5000% within just 24 hours and has since soared a staggering 13,100% since his tweet was published.

Of course, the gains are nowhere near DOGEcoins 123,388% all-time ROI, but what’s worth noting is that this pioneer meme coin has been around for more than a decade. LADYS, on the other hand, is among the new memecoins on the block and has yet to join the top 100 crypto league, which means there is significant room for growth in the near future.

To clarify, what unique benefits does this specific meme-based cryptocurrency offer? As previously stated, it’s not just about speculation but also about tapping into the power of memes while adding extra functionalities. This could potentially foster a more lively and interstellar community culture, as suggested by the LADYS team.

“The LADYS community is on the verge of a new phase, filled with memetic enchantment – a celestial uprising. A fun and bold defiance. An alluring abyss inhabited by fearless individuals who embrace uniqueness and question established norms, fostering an environment of acceptance, global interaction, and acknowledgement. Here, there’s no such thing as a meme. We care for you deeply <3”

Building Beyond the Meme Coin Hype 

It’s likely that those familiar with cryptocurrencies have discovered from past market cycles that the prices of meme coins can quickly collapse like a collapsed structure when investors become frightened. After such turbulent periods, communities tend to dwindle; for example, a search on Google Trends for ‘Doge’ reveals that interest has not recovered since the excitement of 2021.

 

This pattern encourages creators of meme coins to consider progress beyond simply building communities based on hype. Fortunately, DOGE has several distinct advantages, such as being the original meme coin, having Elon’s endorsement, and being recently accepted as the sole digital payment method by Tesla.

Memecoin Chains 

The Ethereum blockchain is presently the busiest platform, and it’s justified because it facilitates the development of Decentralized Applications (DApps). This implies that passionate supporters aren’t just able to invest in Ether’s token value, but they can also create additional inventions like decentralized exchanges, lending systems, or staking environments that can provide extra worth for users.

Next-gen meme tokens like LADYS are following a similar trend. Unlike just issuing a token, this venture aims to introduce an optimistic layer 2 (L2) blockchain as well. This new blockchain is intended to foster the growth of Decentralized Applications (DApps).

As a crypto investor, I’ve witnessed firsthand the success of this model, particularly with the creation of Shiba Inu’s Shibarium blockchain. It was designed to tackle Ethereum’s issues of congestion and high fees, and it has indeed done so effectively. Currently, it supports a range of Decentralized Application (DApp) ecosystems, such as the ShibaSwap DEX (BONE), boasting a Total Value Locked (TVL) of $17.78 million. Additionally, it hosts engaging games like Shiba Eternity and even a SHIB metaverse, showcasing the versatility and potential of this innovative platform.

Although it’s debatable that meme coins primarily serve speculation purposes, the advancements in DOGE being accepted as a payment method, the expanding ecosystem of Shibarium, and the upcoming features of LADYS suggest that the worth of this asset category is progressively diversifying.

As a researcher, I find that delving deeper into the concept of memechains necessitates understanding the core principles that underpin blockchain technology itself.

Recall the frenzy over GameStop’s stock ($GME)? Though retail investors managed to outplay Wall Street, Robinhood’s decision to temporarily halt trading in 2021 and this year serves as a stark reminder. In addition to united communities, there needs to be a decentralized system that can’t be manipulated by central entities for the benefit of the establishment.

In other words, it’s common sense that the best platform for trading memecoins is either their native blockchain or a decentralized exchange (DEX).

Where to Buy the LADYS Memecoin? 

Just like some popular meme-based cryptocurrencies, LADYS has found its way onto multiple trading platforms, thanks in part to Elon’s tweet last year that sparked widespread attention. For those who prefer Decentralized Finance (DeFi) transactions, the Uniswap exchange offers the opportunity to acquire this memecoin. Notable exchanges like Crypto.com, KuCoin, Gate.io, Bitget, and ByBit are among those that have listed LADYS tokens.

Additionally, it’s important to note that our project has just received a $5 million investment from DWF Labs in a partnership aimed at elevating LADYS to the forefront of the new generation of meme coin tokens.

Conclusion 

In today’s world, traditional investing has taken a backseat for many of us crypto enthusiasts. The rise of memecoins has made millionaires out of numerous young investors, including millennials and Gen-Z, not to mention the upcoming generation, Gen Alpha, who are also jumping into this exciting digital landscape.

It’s quite possible that the world of financial investments will be significantly shaped by internet meme culture in the future, as it has a strong impact on market trends. As each new wave of enthusiasm driven by the internet emerges, the possibility for meme-based coins (memecoins) to reshape conventional investment norms increases. This underlines the importance of being aware of digital culture and keeping an eye on community-led projects in order to stay ahead.

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2024-08-28 15:38