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Three major development stages of meme coins: from reckless growth to reconstruction and innovation.
Overview of the Development Process of Memes
Memes as a unique type of cryptocurrency have gone through three key development stages since their inception:
1. Breaking Ground/Foundation (2013-2016)
This period is the original innovation stage of memes, characterized by wild growth. Early projects represented by DOGE began to emerge, mostly based on forks of Bitcoin or Litecoin code.
Mainly divided into two categories:
Flash-in-the-pan type: such as Mooncoin, TIPS, Nyancoin, etc., lacking sustained vitality, quickly disappearing after a short-term hype.
The perennial champion type: represented by DOGE, it has strong cultural symbolism and community drive, and survives long-term.
2. Dormancy/Outburst ( 2017-2021)
The maturity of smart contract technology has led to a qualitative change for memes. The popularization of the ERC-20 standard has lowered the issuance threshold, giving rise to a large number of projects.
Mainly divided into three categories:
Meteor Shining Type: Such as UET, HOGE, etc., relying on speculative sentiment, bubbles burst quickly.
Stellar Long-lasting Type: such as SHIB, building an ecosystem, breaking limitations.
Transformational breakthrough type: such as FLOKI, SAMO, attempting innovation but progressing slowly.
3. Precipitation/Reconstruction(2022-2025)
The market is beginning to shuffle, and new narratives are rising. Projects are more reliant on public chain ecosystems, with the emergence of new concepts such as political finance and AI.
Mainly divided into four categories:
Short-term speculative: such as TRUMP, reliant on hot topics, extremely high risk.
Ecosystem-driven: such as WIF, BONK, relying on public chains, short-term explosion.
Narrative Innovation Type: such as GOAT, AI + Meme concept, trust crisis.
Cultural Symbol Type: such as MOODENG, internet celebrity IP, short-term popularity.
Memes are facing the challenge of balancing "hype and substance." Technological innovations ( such as AI, DeFAI ), and community building will be key factors. Although the market is adjusting, memes, as a product of the attention economy, will still maintain a unique position in the cryptocurrency space.