Not everyone knows about “meme”, in fact, we live in an era defined by memes. such as the well-known grumpy cat, Nick Young, and so on. Many people have a passion for the meme, and there are also various groups based on the meme on Reddit, Twitter, and some other social media.
Those memes are remembered through WhatsApp, Facebook, telegram, and Twitter. “Meme” allows us to resolve the embarrassment that we cannot handle in a kind of black humor. It is taken by a funny meme while scratching our heads. Even if you think this image macro is nonsensical, you still can’t help but feel that it is used with the crowd.
The Oxford English Dictionary defines “meme” as “an image, video, piece of text, typically humorous in nature, that is copied and spread rapidly by internet users, often with slight variations.”
Therefore, a Meme is an idea, behavior, or style that is spread via the Internet, often through social media platforms and especially for humorous purposes. Where have memes, there are stories and fans behind them.
Digital Assets and Memes
For people in the crypto market, the meme is even more important. It all starts with dogecoin.
Dogecoin is a cryptocurrency created by software engineers Billy Markus and Jackson Palmer, who decided to create a payment system as a joke, making fun of the wild speculation in cryptocurrencies at the time. Billy also wrote on the Reddit forum that he created dogecoin to bring “positive energy” to the world. It has no practical use, just like emoticons can convey empathy and narrow the distance between people through needless but precise expressiveness. It belongs to everyone and no one can control it. No one has the need and motivation to control it.
Originally formed as a joke, but no one can imagine this “joke” can success have a broader impact on the crypto world. Due to the viral spread of the meme itself, a strong community has gradually formed behind it. At the moment, there are very few use cases for the token. Though more merchants are starting to accept Dogecoin as a method of payment, it is nowhere near the level of adoption necessary to be used as any sort of actual currency substitute.
A joke begins to hold a price tag.
Subsequently, the addition of Musk escalated the joke, and the value of dogecoin begun to rose, and even ranked among the best in the global currency. Such an unexpected development has made people in the currency circle pay more and more attention to this coin converted from a meme. Redditors have helped Dogecoin develop its subculture since 2013. More digital currency enthusiasts are looking at dogecoin and other meme coins from a new perspective.
Why?
From a psychological point of view, why is meme so popular?
In psychology and cognitive science, a schema describes a pattern of thought or behavior that organizes categories of information and the relationships among them. It can also be described as a mental structure of preconceived ideas, a framework representing some aspect of the world, or a system of organizing and perceiving new information.
So why can Dogecoin develop so quickly?
First, what is the meaning behind dogecoin? Humor, cute, and friendly, the basic spiritual core contained in these words is destined to be loved by people faster. On the level of “decentralization”, the original spiritual core of blockchain technology and the cognition of dog meme is superimposed, how can people not quickly pursue such a fun coin?
Second, the cultural spread of memes is extremely high. There are differences in global texts, so are philosophies, but the information from an image macro can be shared by anyone. Almost everyone can know the meaning of a meme when they see it. Such rapid consensus, the value recognized by the group, is exactly what the currency circle needs.
What is value? What is consensus? These two keywords are particularly important in digital currencies. Blockchain is a technology for creating credit and a decentralized technology. Group consensus shapes the value of digital currency, and the inflammatory nature of social media has increased the number of such users.
Dogecoin’s miracle of joking and shaping value actually reflects the core spirit of the blockchain.
As shown in the figure, we can see that dogecoin is among the top ten current digital currencies, and many other meme digital currencies enter the top 500. Such as Shiba, mona, safe moon, hoge, erc20, dogelon, cumrocket crypto, etc. Meme currency began to rise, continuously born from the community and began to exert its strength in the currency circle.
Dogecoin has no shortage of stories and fans. Musk once said Fate loves irony. He said that in the future, maybe Dogecoin can become the world currency.
None of us knows, does fate really loves irony?
