The ones who occupied the 300 billion meme market are actually dogs and frogs?

According to coingecko data, the market value of the meme sector has reached 50 billion US dollars, which is equivalent to more than 300 billion!

The key trading volume is still 4 billion US dollars, and the liquidity has reached 8%!

What is the concept?

In the crypto industry, the market value is higher than that of the entire liquidity pledge sector, which is only 47 billion US dollars;

The market value of the entire NFT market is less than 30 billion US dollars.

The market value of those popular Layer2/Depin tracks is only more than 20 billion US dollars.

Value investment is in vain, all in meme lives in the palace

In May this year, Binance issued an official report admitting defeat:

If you want to make money in the crypto circle this year, you still have to speculate on meme. This sector has increased by 331% this year, far exceeding other sectors.

Many VC coins in this round are at their peak when they are listed on the exchange, because the business has not been implemented, and there are still a lot of VC shares to be unlocked later. Whoever takes over will be a sucker!

Meme coins do not have this problem. They are directly circulated on the exchange. Life and death are determined by fate, and wealth is determined by God.

Ten years ago, the myths of getting rich in the crypto circle were all about buying BTC/ETH, while the myths of getting rich by losers in recent years are all based on memes.

As an ordinary user, if you can't get a share of a high-quality project at a low price, and you don't have a cognition beyond ordinary people, don't think too much about VC coins, just study memes!

In the last cycle, dogs dominated the market

In the current meme sector, dogs are the boss who dominates this track.

In the top 10 meme market capitalization list, there are six dogs, three frogs and one cat, and the poor cat is only ranked tenth.

Dogecoin, ranked first, far exceeds the second place, with a market capitalization of more than 17 billion, accounting for 35% of the market capitalization of the entire track.

ShiB (also known as Shiba Inu Coin), ranked second, was born in 2020. It is said to be a masterpiece of Shenzhen Ponzi. Six months after the project was issued, the daily trading volume was not even 1 US dollar, but now the market value is 10 billion US dollars!

The author knows a sister who made a fortune from Shiba Inu Coin. She lives a simple and boring life every day in a top luxury house in the center of Shanghai.

The soul of the dog family is Elon Musk. After the Shiba Inu coin became popular, Musk posted on Twitter that he would name his pet Shiba Inu "Floki"

So there is $FLOKI, which now has a market value of 1.7 billion:

But the recent dog memes are gradually not so closely related to Musk:

At the end of last year, Solana also launched a hat dog token WIF, which was also given about two months to get on board, and then took off. Now the market value ranks fourth, with a market value of more than 2 billion US dollars.

This April's Runes also released a new dog: DOG•GO•TO•THE•MOON (Runes). This token is currently the representative of Runes, with a market value of more than 500 million US dollars, ranking ninth. It is the latest work of the Chinese capital disk.

The cat system failed to dominate

With the dog so strong, the cat meme seems much colder.

Currently, this cat is the best performing cat. Maybe cat owners are not easily impulsive, and this POPCAT does not look like a serious cat.

There was also a cat who broke the story: cat in a dogs world

But this cat looks too serious, and the price of the currency is at its peak at the beginning. Retail investors can't make much money at present.

The Frog Series is Quietly Rising

Speaking of frogs, the leader must be Pepe:

Although this frog has only been on the market for more than a year, there were opportunities to get on board throughout last year.

This frog actually has a great origin. If Musk made dogs popular, then it was Trump who made Pepe popular:

Trump personally retweeted this meme. So did it influence the US election?

In fact, when it comes to cultural content, Pepe the frog is actually far more popular than dogs. This frog can be seen in various political movements:

Don’t think that this frog is fighting alone, he actually has a family, such as Brett:

Speaking of origin, Brett and Pepe are of the same origin, both from the work "boy's club" by cartoonist Matt Furied

Brett started to issue on March 1 this year. After more than three months of construction, the market value has increased hundreds of times and now reaches 1.5 billion US dollars, ranking seventh in the meme sector.

Speaking of the eighth Bome is also a frog. The initiator of this representative, darkfarms, is a pepe secondary creation artist.

It was the Bome token that started Twitter's money-issuing operation.

Is Matt Furie going to be deified?

From the above inventory, we can see that Matt Furie is actually the soul of frog memes, among which Pepe and Brett are his original works; Bome is a secondary creation based on his work.

In addition, the market value of other memes created by Furie is also good:

After several months of construction, Hoppy is now worth more than 50 million US dollars:

Andyd's market value is 150 million US dollars:

Landwolf's market value is 140 million US dollars:

If you want to be optimistic about the frog series, the most suitable ambush may be Dark Lord.

Not only because this frog is Matt Furie’s latest work, but also because this work is directly the product of his embrace of encryption, and it was directly issued as an NFT:

Matt Furie is currently based in the United States, and he can only issue NFTs because it is illegal to issue coins directly.

This gives everyone room to post ownerless memes. In the current meme track where frog and dog competition is becoming increasingly fierce, I would not be surprised if another popular frog is released.