Memecoins are attention currency.

It's really easy to get frustrated watching them pump to $1B+ market caps when you're heads down building products, protocols or IP.

But it's important to understand the psychology behind why memecoins are attractive and find ways to apply it to whatever you're building.

Onchain is the new online - FID 206 -  cooprecords.xyz

Memecoins are a wonderful capture of market attention, and excess liquidity - but 99.99% of them only serve to return that excess liquidity back to the market in concentrated fashion.

They’re a bull market phenomenon - and definitely cannot be compared to builder projects or protocols.

e/acc || Building @ /nova || Catgirl maxi @ /imgnai || Dogecoin core dev 2013/14

Not all memecoins are the same,some build a whole meta verse like shibarium and doginals, it's a great marketing tool,grabs the publics attention, simplifies crypto