Tag: memecoin

  • When the market returns, memecoins will win again

    When the market returns, memecoins will win again

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    made with Grok

    Are memecoins dead? As a big fan of utility tokens, I’d so much like a factual answer to be YES. But NO. Simply, NO…not even hard to see. While your utility tokens are wallowing in their usual daily -20%, memecoins are the only ones still putting up the numbers. Right, thousands of them are dead, you can say the same about utility coins, some of which are chilling in your wallet. Memecoin bagholders and utility token bagholders, there’s a pattern here… It’s the same thing.

    The argument that memecoins ruined the market is very right. I mean, the random retail investor already lost 70% of their capital to some tokens whose name you’ll struggle to pronounce. Well, this is not why your utility coins tanked; they tanked because other holders lost patience and sold them to pursue some trendy memecoins…the project team members probably did the same.

    Now that memecoins are having a hard time, they are being pronounced dead. Not even reasonable when Swasticoin ($YZY) just did 10X, and $DOPE went from zero to a $10 million market cap. The list is long, you can always see for yourself. Apart from new utility coin launches that are still enjoying their welcome from KOLs and a few thousand investors, memecoins have actually outperformed the rest of the market…in general.

    memecoin crypto

    So, this article is technically meant to say that memecoins are not dead and will still have a run in a healthy market. That’s it, you can stop here because the next paragraphs are only going to explain why.

    Alright, why? Well, because the crypto space has been reduced to a gambling room. Every investor wants to make profits, and they want to make them as soon as possible. Another narrative, which isn’t really a fact, is that memecoins are only designed to fuel greed and have succeeded for the same reason. Altcoins achieved so much success because they were tipped as a more profitable venture, relative to Bitcoin. Remember the 2021 comparisons of Bitcoin and Altcoin Year-to-year price growths? This has played a role in the progress of Utility coins since they became a thing. The regular investor will run to what promises the most profit. In the contemporary crypto market, the cleverest investor is one who is smart enough to split their capital between memecoin, Utility Coins, and a little bit of Bitcoin.

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    Again, memecoins are fun, the good ones are even great…no doubt. Talk about memecoin launchers running scams; utility token development teams have also ripped investors in many cases. While this in no way supports rug pulls and other crazy misdeeds that plague memecoins, it clearly states that both categories are (almost) equally caught in wrongdoings. A popular defense for memecoins is that utility coins are not fair. 50% allocation for project team…uh.

    Memecoins, when done right, create a fair distribution system for investors. In the real sense, this is hard to achieve with memecoins. Currently, it is chaos. Some of the chaos is reduced when the dev is done dumping on the investors and the community takes over and revives the project from near-death conditions. Even after that, they still need to face a lack of commitment from holders, MEVs, and the other hidden wallets belonging to the dev. It’s chaos; memecoin and utility tokens. Probably why both of them are wallowing in crashes while Bitcoin stays above $80,000.

    Utility tokens, what utility? It might sound like an easy one to answer, but taking a look at 95% of utility tokens will prove that it’s a brain-cracker. The gimmicky and sometimes non-factual whitepaper, unfair reserves for the team, unattainable roadmaps, market manipulation, fake partnerships, and insider trading. I think utility tokens have had their fair share of irregularities… if we are being fair.

    When the market returns, the casinos will be open again…they never really closed. This time, maybe even more. If you think retail learned their lessons, wait until the next ‘celebrity’ drops their memecoin. For utility coins, the good projects will win, regardless. And no, I don’t have any suggestions of good projects to invest in; I wouldn’t be 90% down if I did.

    Well…

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  • Simons CAT: The Billion-dollar CAT memecoin

    Simons CAT: The Billion-dollar CAT memecoin

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    “Every good meme deserves a Billion”. Not sure where I saw that quote, but there is a good theory behind it, and regardless of your reservations about memecoins, they represent some of the core crypto and blockchain cultures – fair launches and community-driven growth. Like Bitcoin launched as a smart contract token, they skip the part where VCs accumulate majority of the supply at massive discounts before launch.

    Now, many memecoins don’t even meet these criteria and in the midst of rug-pulls and fake CTOs, even fewer memecoins meet the ‘community project’ tag. I have a handful of personal picks, my new favorite is Simon’s CAT – the buzzing memecoin project on the Binance Smart Chain (BSC).

    What/Who is Simon’s CAT?

    simons cat

    From the origin, at least 6 million people around the world love Simon’s CAT; not the memecoin, the animation series on YouTube that inspired the memecoin. Simon Tofield does great animations! And just Like Matt Furie whose ‘The Boys’ animated characters are all meme and memecoin sensations now, all of Simon’s Six CATs should follow the same route.

    If you are wondering, the Simon’s CAT memecoin is genuinely endorsed by Simon’s CAT animation creators. Simons CAT was launched on the BSC network on August 22, 2024, and has matured into the network’s most active project. In its 2 month months of existence, it has garnered over 232,000 holders and hundreds of thousands of active social media followers and evangelists.

    While this is not necessarily a shill, Simons CAT could be the next billion-dollar memecoin. But Billion-dollar projects are not just created, they are made. The rally up to a billion-dollar valuation and beyond is a stiff run. At $237 Million market cap at the time of writing, you’d ask why Simons CAT is a candidate for this milestone. Fine, I’ll go first…

    Well, it’s a cat…obviously.

    Dogs are man’s best friends, but so are cats. Simon has 6 awesome furry friends and if you think owning one cat is cool; try owning two. Cats are cool…just saying. Dogs dominate the animal-themed memecoin category; several billion-dollar dog coins, but cats are making a statement and could be the next breakout memecoin narrative. Unlike the ubiquitous dog memecoins, only two noteworthy CAT coins exist to date Simon’s CAT and MEW (Cats in a Dog’s World). Cats will vie for a share of the attention on animal-themed memecoins and only two projects are well positioned for the lion share. This is the new meta…

    It is the Biggest memecoin on the Binance Smart Chain.

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    Every reputable blockchain network deserves a billion-dollar memecoin. Top networks like Ethereum and Solana have several memecoins valued over a Billion dollars and even more valued close to this. BSC is unarguably a tier-one blockchain network and is yet to produce a billion-dollar memecoin. If you need a conspiracy theory, then this is one. Technically not reasonable that BSC is yet to host a top-ranked memecoin project. Simon’s CAT takes the lead, it practically revived community-driven projects on the network. Considering how Coinbase supports projects on the Base network, CAT could be the next project on Binance’s radar. The listing on Binance Futures might just be a start. Binance supports, cool cats…

    Ok, the memes are great.

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    Yeah, what else would you want from a memecoin project? Utility? Nah, the memes are great and the community is loud. That’s all it takes to go to the moon. Over 6 million people like the Simon’s CAT animated series enough to subscribe to the YouTube page, now imagine 6 Million and more investors liking the memecoin in the same way, that’s about thirty more than there currently are. Whether that happens or not, the memes are great!

    Cult Followership

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    The cult culture is forming on Simons CAT. A little gaze shows that. Cults are the giga-brains behind top memecoins. The Simons CAT community is growing with hundreds and thousands of members who simply can’t stop talking about their project and investors who simply can’t stop throwing money into the project. With a potential interest from memecoiners on other networks, this exclusive brand of community members is set to expand and the CAT cult could be one of the most vicious yet!

    Relevant partnership and support

    Simons CAT was recently listed on Binance futures, despite not being on the spot exchange and any relevant tier-one exchange. OKX exchange listed the asset briefly after the Binance futures listing. In addition, the project has received shout-outs from key opinion leaders and memecoin influencers. KOLs are handy for projects looking to build a community, Simons CAT is on the books of some of the most popular memecoin influencers, this is an ingredient for rapid community growth. With the support of other reputable projects and industry leaders, the Simons CAT rally to a billion might just be a distance away.

    Industry dominance

    Simons CAT carves a niche for itself, it takes a shape only very few memecoins can boast of. By turning a world-class animation into a thriving meme, it dominates another meta not usually talked about. From its own niche, it is spreading and striving for dominance in the memecoin sector. First, the Cat memecoin sector and then the memecoin category as a whole, Simons CAT is moving up the ranks. A new industry favorite could be brewing…

    Building a case for a rally: Summary of thesis for a billion-dollar valuation.

    • Genuine IP rights for the original Simon’s CAT series.
    • Enthusiastic community with a cult culture and an addicted team
    • Recognition by Binance and industry leaders
    • Relatively young market (only a few tier-one exchanges have listed the project yet)
    • Again…it’s a cool cat!

    Should I buy a $CAT?

    The pet? Yes! This memecoin? Well, this article discusses Simons CAT positively, but the crypto market is an aggressively volatile market, therefore, every financial advice should be taken with a pinch of salt, and this is not financial advice. Every genuine memecoiner sees value in community and insane communities make successful memecoin projects. Simon’s CAT community and the leading team tick that box. We reflected on the possible catalysts for a positive price development in the short and long term, however, they are plain theories and should only make up a part of an investor’s personal research process. Always base your investments on proper research and invest according to your risk tolerance levels.

    Note that there could be several memecoins with the same name. This article discusses the original Simon’s CAT memecoin on Binance Smart Chain. Contract address: 0x6894cde390a3f51155ea41ed24a33a4827d3063d

    Closing up…

    The memecoin wave is turning into a supercycle. The next project to go from a few hundred million to a billion and higher is probably a memecoin. Like a gambler in a casino, my cards are on Simon’s CAT for the reasons discussed in this article. Going by the fundamentals for memecoins, it’s a no-brainer. However, a low-risk way to get involved is to be a part of a thriving community, like the one behind Simon’s CAT. As the biggest memecoin project on the BSC network, $CAT packs a punch for sure as it easily gains the attention of a large stream of investors.

    Retail is watching closely and memecoins are built for retail. In recent times, we have seen just how enormous this could be. Simon’s CAT has what it takes to be the next breakout memecoin project and with the community’s spirit staying high, it might only be a matter of time!

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  • Neiro or BabyNeiro? Pick a side for the memecoin supercycle

    Neiro or BabyNeiro? Pick a side for the memecoin supercycle

    babyneiro

    When the owners of the deceased Kabosu dog announced the acquisition of a new Canine family member, they probably didn’t know they were triggering a memecoin frenzy. The regular memecoin trader would tip NEIRO to go all the way like DOGE. Technically, this should be the case despite the Kabosu-inspired cryptocurrency’s first-to-market advantage. Neiro is the ambitious newcomer, the several deployments of NEIRO and even related projects have grown thriving communities, reaching hundreds of millions in market cap, yet it seems the wave is turning into a supercycle.

    A supercycle or a wave?

    Just like memes are an invaluable part of the internet, memecoins herald the crypto space. One witty token after the other and a multi-billion dollar category emerges. Murad predicted a memecoin supercycle and the possibility of a trillion-dollar valuation for project(s) in this category. But whether he is right or not, memecoins are upsetting the crypto space and beyond. Several memecoin projects have shone through in the past few months; SPX6900, GIGACHAD, POPCAT, the super-cute Moo Deng, and the even cooler NEIRO, and now BabyNeiro.

    Yeah I know, BabyNeiro is the less popular one on the list…

    What is BabyNeiro?

    I could introduce BabyNeiro as “the next 100X Ethereum memecoin”, but any experienced memecoin investor must have already learned to avoid ridiculously shilled memecoins as marketing jibes don’t really grow communities. Rather, insane communities build thriving memecoins. The BabyNEIRO ticker properly introduces the memecoin.

    Scouting through the community and social engagements, BabyNeiro adopts a fashion akin to other ‘baby’ memecoins that have come through the ranks in the past like BabyDoge and BabyBNB. BabyNeiro pays tribute to every active $NEIRO memecoins with no particular reference to any of the different smart contract token deployments with the NEIRO ticker. Like every other memecoin, the goal is to build a functional community and drive value for the associated token. While the market decides the value of an asset, BabyNeiro moves away from the NEIRO controversy to build a progressive community.

    Regardless of how anyone feels about memecoins and how many of them have fared in the past, ambitious communities account for a significant portion of the success the crypto space has enjoyed since the Bitcoin genesis block was mined. BabyNeiro is definitely not the next Bitcoin but could be the next memecoin you would be hearing more about.

    Note that there could be several tokens with the BabyNeiro ticker. This article discusses BabyNeiro on Ethereum (Contract Address: 0xbabe3ce7835665464228df00b03246115c30730a)

    Why BabyNeiro?

    So why would anyone write a 1200-word article about a random memecoin why should you even spend your time to read beyond this point?

    The Neiro Narrative

    Dogs are the dominant animals in meme culture, cats come next but the gap is a wide one. When the dog comes from the same ranks as the face of the first-ever true memecoin, it’s sure to cause a wave. The NEIRO narrative has proven strong enough to sustain multiple memecoins on different chains. BabyNeiro taps from a strong narrative, one that is identified with dedicated communities and rapid industry adoption. It has done considerably well with this narrative and could continue on this path.

    Relatively Low Market Cap

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    The most valuable memecoin with the NEIRO ticker has a $900 Million valuation at the time this article was written. Even though this particular has gone overboard thanks to that Binance listing, the least ‘surviving’ Neiro memecoin has a market cap of $4 Million. Comparatively, BabyNeiro has a total valuation of below $3.5 Million at the time of writing. Adjusted to social activity and available infrastructure, BabyNeiro could be undervalued, probably because influencers on X(.com) are yet to catch up on the new trend. We might be close to finding out the true value.

    Similar growth pattern as BabyDoge

    BabyNeiro is almost as old as the OG NEIRO tokens. Yet it has continued to build in silence. Genuine dedication has kept the project on its feet as investors watch on. This pattern is similar to that of BabyDoge. As the NEIRO narrative grows stronger, investors will be on the lookout for persistent projects along this line. Binance has shown an attraction to functional CTOs and could grow a preference for the structure established by the BabyNeiro community. BabyNeiro is the only Surviving memecoin project with the ticker.

    Exponential metrics growth

    BabyNeiro had a $1 Million market cap and just over 1,200 holders when I first came across it. It is almost 4 times more valuable at the time of writing and has added over 800 new holders. Social metrics like followers and posts per minute, and community metrics like members on the Telegram group have also grown at a comparable speed. This is a testament to the efforts made by the community.

    Industry support

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    You can now store your BabyNeiro token on the Ellipal hardware wallet or simply track the asset on Coingecko – the most popular crypto asset tracker. Also, your favorite memecoin connoisseur could be ‘head over heels’ about it already. BabyNeiro easily catches the eyes of memecoiners and has joined a rapid fanfare. It is pulling the attention and support of reputable players in the crypto space. While this is not as important as the insane community behind it, it also contributes significantly to its growth.

    Summary of Bullish Indicators for BabyNeiro.

    Here are some positive indicators for the BabyNeiro memecoin

    • Similar growth track as other successful ‘baby’ memecoins like BabyDoge
    • Adopts a multi-billion dollar narrative.
    • Considerably low market cap
    • Supported by industry players

    Neiro or BabyNeiro: Which memecoin should I buy

    This is definitely a question every investor should answer for themselves. You could buy Neiro, the younger BabyNeiro, both, or even none. While this article obviously pays more attention to BabyNeiro, it is not financial advice and should only be considered as part of research for any investor. By staying away from the split between NEIRO communities, BabyNeiro is closer to building a unified community which is majorly positive for a project whose major value is built on community. The progressive structure, a Cute Pfp, and a relatively low market cap for an acknowledged ‘baby’ memecoin could be enough to tick the boxes for most investors. However, this might still be unconvincing for some other investors, and personal sentiments play a key role when investors click the ‘buy’ button for projects like memecoin. This is in fact, normal.

    So, here’s a simple answer, buying any asset should be a personal decision and a decision made out of proper research

    Closing up.

    I stumbled on BabyNeiro as the community has taken the project on its backs, one raid after the other. This article is probably not your first time coming across it too, either way, the simple introduction doesn’t describe how much the several players in the community have committed to seeing the project get to its current level. It is almost impossible to predict the direction the project goes from here, but it has shown positive signs to this point. As always, always do your own research and note that this article doesn’t endorse any of the featured memecoin projects.

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  • I rode the Solana Memecoins Wave; here’s what I learned

    I rode the Solana Memecoins Wave; here’s what I learned

    solana memecoins

    This isn’t even a flex, but, thanks to the profits made from this venture, CryptocurrencyScripts now has a runway of at least, 5 years. I’ve spilled the beans, now we can move on. Even if you have yet to dip your feet into any of the flurry of solana memecoins, you must have heard about one of them. The one Wif a hat or the one about a used Honda 2001 Civic. Really cool memes from each of these projects, but if they are worth the millions…I can’t say for sure. But I know one thing, everyone dabbling into those projects is looking for a Max Wynn…sorry, win. Memcoins are fun, especially when they 10X your ‘investments’, can’t say the same if they -90%ed your investment in one hour. I’ve been in both, I enjoyed the former, the latter was also fun.

    After a few months of ‘aping’ into weird projects, I have a diary to share. Not like anyone cares, but even if this doesn’t get to the cabals and the cults, it’s always fun to write on this platform. Just to mention, the next episode of the Snack Talk is also in the works!

    I’ll get to it quickly

    We are all here for the money!

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    Yeah, quit the ‘tech’ talks already. It’s obvious, no one is here for the technology. I used to put it at 10%, but it’s actually 0%. Memecoiners are just like everyone else who dabbles their money into a magic internet coin with the hopes of making massive profits, and converting everything to fiat…and buying a Lambo. Only difference is; others play the long game while memecoin connoisseurs play the fast game. Most investors are a hybrid. The random investor will take a quick 100X over ‘a ground-breaking decentralized innovation’. No pun intended, but reality hits hard. The usual 1hr chart for every new memecoin depicts, FOMO, profit taking, and rugpull, in that order. And this is where the fun lives!

    Are crypto investors really smart?

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    Smart investments are preceded by proper research and risk-managed entry. Thing is, memecoins don’t give anyone a chance to do any of these. The boat might be far gone before you get to any of these. It’s the old-fashioned ‘first ape, then research’. If that’s the case, then, are we really smart investors or autistic degenerates who jump into the water without checking the depth? This question is not even a caution or a corrective ponder, just asking if we are still moving in line with the goal of breeding a generation of smarter investors. It is clear why the wizard of Berkshire Hathaway isn’t a fan of anything we are doing here. No problem, he can have his fiat while we have our Bonk!

    The Bigger Fool Theory

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    Remember what you had in mind while buying that memecoin? I can’t read your mind, but somewhere in there, you are convinced that someone will be dumb enough to buy after you and drive the price up. This is not about memecoin only, maybe it is actually a big factor driving the general cryptocurrency gains. A lot of unconvincing crypto projects make it to reasonable heights simply because the next partially convinced investor jumped in with the hope that the dumber money would follow. The pyramid collapses when the next ‘fool’ doesn’t emerge.

    Rugpulls are only serious if the project never recovers

    Removing liquidity is the old-fashioned way of doing rugpulls. That act already improved and I think the new method is more lucrative. It’s simple and it gives the project a chance of making a recovery if the community takes over and “work for their bags”. Here’s how it goes, create a weird coin, keep a majority percentage, add the rest to the liquidity pool, and dump your bags once buyers come. This way, the initial liquidity remains, you make your money and if the community is strong enough, the project survives and everyone wins…well, not everyone exactly. I’m not telling you how to get away with murder, but this gives the project a chance of surviving and maybe you can get away with your Theft. Yes, theft.

    ‘Influencers’ are the literal Wolves

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    You’d ask why UsedCar is sitting at a multimillion-dollar market cap while Panda, an older and similar project on ZkSync is wallowing below the $30,000 market cap. The answer, the influencers didn’t get to it or haven’t gotten to it yet. It’s never a crime to talk about a project you are interested in, but doing it just to lure your followers and dump the tokens you got for free on them is a ‘wolf and Lamb’ parable. For every memecoin that made it to the top, there are tons of influencers using their followers as exit liquidity. Really plausible how they are able to do the luring game, something to learn about marketing there, the end goal is the only negative part. Lots of quality memcoins projects never make it out because they prefer to stick to the community-building goal instead of greasing influencers’ palms. Well, no sympathy here, it’s all a game anyway.

    The biggest Fundamental is Shilling

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    If you want something out of a project you are invested in, the only thing to do is to Shill it. To your friends, your colleagues. Yeah, they are your exit liquidity, but that’s how this thing goes. Bluechip or just a memecoin, the biggest fundamental is Shilling. To put it straight, the project with the most shillers wins.

    Ask if I still nurse the idea of gambling on memcoins? The answer is a big Yes, just like anyone else who wishes to test their risk-taking abilities. The essence of this whole rambling is to share my experience, not to announce that I’m leaving the game. Another goal is to ask the big question; “Are we actually investing or Gambling?” The events around these memecoins suggest that this is all a gamble, whichever one, managing risks is recommended. On the outlook, the Rugpulls and investor deception do not paint a good picture of the whole space. But hey, the warnings are everywhere. Memcoins, just like any other crypto investment is a high-risk venture. The thrill is there, the stock market and its 20% annual gains are boring and it’s human to go in search of thrills. Memcoins present that on a platter, it is not clear if this is good or bad.

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  • Meme and ‘Baby’ tokens showcase the power of hype marketing in cryptocurrency.

    Meme and ‘Baby’ tokens showcase the power of hype marketing in cryptocurrency.

    hype marketing
    Source

    It’s safe to say that Elon Musk facilitated two very interesting trends; electric cars and meme coins. To the moon! But before that, how much have you earned by simply holding ‘baby’ tokens? Only very few ‘blue chip’ projects are yet to get a ‘baby’ token which yields their holders some dividends in parent tokens for holding the spinoff tokens.

    The crypto space offers a free market opportunity where concepts sell according to market demands. Regardless of intrinsic values, a project’s valuation could steam from numerous factors; ‘luck’ included. DogeCoin’s transition from a ‘joke’ fork of the bitcoin blockchain to a top ten token in a Two-trillion-dollar sector with tons of other relatively ‘more useful’ projects, goes a long way to portray the randomness of the crypto space.

    Well, that’s not the first time this space has looked ridiculous; and not the last time either. If you bought some Safemoon and sold it off at its all-time high, then you’d probably be in a realistic moon currently, same if you invested in a number of meme coins.

    Meme coins hold one thing in essence, ‘communalism’. Interesting, to be fair; group marketing creates enormous hype and could drive a huge buy pressure on the concerned project. Meme and moon coins utilize this idea a lot and make tangible price and community success thanks to the correct use of this strategy.

    Hype marketing has played out well for a good number of cryptocurrency projects. Well-planned shills by a group of people could create thrills and lure potential investors into investing in a project despite having no clear information about the project. These projects sometimes involve prominent cryptocurrency influencers and mainstream celebrities creating these shills. 

    If done well, hype marketing could override utility and push a project to tangible price levels regardless of the proper utility it presents. This growth despite being organic is actually built on ‘unverified beliefs’ and bloated utility.

    Source

    Memes are cool, but are they worth over 40 billion dollars? Well, arguably. The doge army would present reasons why they think dogecoin should actually overthrow bitcoin at the apex, lol. Regardless of how convincing these reasons may be, meme coins owe a majority of their success to well-planned hype marketing…and Elon Musk.

    Alright; you might not be a fan of jokes and memes, and communalism either, but passive income is an idea everybody fancies; well, most people. If that’s the case, then you’d fancy some of the ‘baby’ coins being filtered into the crypto space. 

    Baby tokens reward holders by selling contract taxes to buy parent tokens and distributing these tokens to holders according to the proportion of tokens they hold. Dividend tokens are usually allocated in a 1:1 ratio and enable automated distribution of the concerned parent token. These protocols are all embedded in the smart contract. Tweaks and ‘hacks’ are possible anyways. Well, I’d say ‘technological exploitations’

    Actually, it doesn’t matter how the rest of the crypto space feels about these tokens, they skyrocket at launch. Only a few of them manage to maintain this speed for a while though, most others falter as the hype falls. Nevertheless, they make a bold statement about marketing in cryptocurrency and the world outside it.

    A true businessman knows the value of marketing; however, the same cannot always be said about a nerd who prefers to push code bits to GitHub and deliver clever solutions. Disproportionality between marketing and technology has seen mediocre projects with good marketing climb the stairs in terms of market capitalization while plausible projects languish at the bottom and most times, die off.

    You probably have your reservations about ‘marketing coins’ and hype marketing as a concept; but there is no denial about the fact that they shine a light on subject many projects ignore — marketing. Successful cryptocurrency projects are built by properly marketing good utility(ies). When done so well, one might offset the effect of the other. 

    Well-developed utility, successful hype marketing? A project might survive by having just one of these. The perfect strategy is a combination of the two, many projects with solid utility and tokenomics miss out on the latter.

    A lesson to learn? I’m not sure if these other projects are willing to learn from memes and ‘baby’ tokens.