Meme Coin: Catalyst and Driver of Change in the Crypto Market

Recently, there has been a viewpoint in the crypto market that Meme coins have harmed this bull market cycle. However, from another perspective, Meme coins actually act as catalysts in the market, accelerating the industry's maturation process.

First, the market is undergoing a shift from "technology first" to "attention first". Meme coins have become the most straightforward embodiment of this transition. Traditional technology projects often require years to realize their roadmaps, while the market has lost patience. This has provided Meme coins with the opportunity to attract funds through short-term wealth effects.

Secondly, the rise of Meme coins has forced technology projects to innovate themselves. The past model of relying on financing valuations and concept packaging has become unsustainable. Investors have tasted the sweetness of "simplicity and directness, clear returns" in Meme coins, and are no longer satisfied with those "technically complex but long-term fruitless" projects.

In addition, Meme coin has expanded the boundaries and foundation of the market. Although technical projects can attract elite groups, widespread adoption requires a simple and understandable way that can quickly form a consensus. Meme coin has attracted a large number of ordinary users, some of whom will inevitably delve into the ecosystem, bringing new user groups to the technical projects and alleviating the long-standing dilemma of "no one using it."

The meme coin craze may not last the entire cycle, but the market vitality it brings will benefit the entire crypto ecosystem. After most people experience short-term wealth and then losing it all, they will naturally seek more stable investment targets. At that time, those technology projects that truly solve real problems, establish user stickiness, and have clear business models will welcome a revaluation, completing the transformation from concept to value.

Finally, Meme coin has reshaped the financing model of the crypto market. In the past, the venture capital-dominated high valuation and low circulation model resulted in a distorted market structure, making it difficult for ordinary investors to gain opportunities for coin appreciation. In contrast, although the risks are higher, Meme coin, with its characteristics of transparency, simplicity, and equal participation, has re-energized the market, bringing it back to a fairer and more transparent competitive environment.

In summary, Meme coin did not "destroy" this cycle, but rather acted as a transformative force, driving the maturity and evolution of the crypto market. It not only changed the market landscape but also laid a new foundation for future development.