Quote from: fikrett on October 15, 2024, 05:36:26 AM

The community of a meme and degens push the price up.
If there is a narrative or a story for it - that's even better, especially if it's associated with a meme that's already big.
Memes live till the hype about them lives Grin

Guess when you say community, this already includes their founders and this can even include those degens. They all can contribute on pushing the price up due to demand but founders do it for its project to attract more people and if they aren't really serious about it, they will then dump most of their hodlings later on.

Even though some didn't really care about any other things apart from earnings, well for me, I do (just like you). A story is important because it gives us an idea on why the project is created and we can feel the characters or their emotions on their journey of making their craft stand out and look better than the rest of the crowd. It makes us to decide better if we will continue on supporting them or not.

Quote from: Hispo on October 15, 2024, 10:26:00 AM

I think any animal can be used to start a memecoin project, but the whole point of creating a memecoin is for the animal or the mascot to be recognizable and inspire hype on people who decide to look into it. Dogecoin is the ultimate case, because it was pretty much a popular meme before it got turned into a coin, so half of the work was already done. Nowadays, memecoins projects are not about turning a meme into a coin anymore,

Yes and it is not only limited to animals actually but to almost anything as well, as long as there is a humour that sparks on it. That makes it a meme that circulates over the internet. Memes are not new but it was only Dogecoin that take the first step in the crypto world, which is why it is more memorable than the rest/newer ones. Meme coins before are nothing but only just a meme, though later on, their devs decided to make a twist into it like adding a utility. It makes them even more attractive.