Author: Tao Blockchain
1. The value of MEME tokens relies on people’s emotions. If we focus on building an ecosystem, how is it different from a shitcoin?
Valuing a token based on emotion or ecosystem reflects two different value judgments:
Emotional value can only bring short-term effects, while ecosystem development can generate long-term effects.
There are very few emotional values in the world that can remain evergreen and continuous.
Bitcoin is considered the token with the strongest emotional value and greatest consensus in the entire crypto ecosystem. But from its beginnings to today, it has also experienced countless brutal bear markets and crashes; it hasn’t surged to its current state without setbacks.
Projects like Bitcoin, which rely on strong core values and a unique narrative, can continuously generate emotional value, gather consensus, and repeatedly reach new heights from the depths. Such projects are rare in the entire crypto ecosystem.
Such a project doesn’t need an ecosystem to persist.
But what about other tokens?
Most, if without an ecosystem, can only rely on the duration and effects of short-term emotions.
How long short-term emotions can last, how strong the effects can be, and how high the token price can be pushed is entirely beyond my judgment.
So, when I look at MEME coins, if I only see emotional value without ecosystem development, I will treat it as a game, an experience of community atmosphere and value resonance, similar to gambling. I will leave once the price reaches a certain height, without lingering. I won’t care much about gains or losses and won’t heavily invest.
But if I see a strong team leading MEME, continuously promoting its development and ecosystem construction, I will seriously consider its future prospects and potential, and consider holding it long-term, rather than frequently buying and selling due to short-term price fluctuations.
2. Do altcoins still have a chance to rise?
If by altcoins, you mean tokens other than Bitcoin and Ethereum, I think it depends on how the projects behind these tokens are developing.
If the projects are continuously advancing and building, even if the token’s utility is slightly lacking, I think there is still a chance for a comeback—at least the price will be higher than it is now. Many continuously building DeFi projects fall into this category.
But if the projects haven’t been updated or progressed for a long time, their tokens’ future is very dangerous.
3. What about the ZETA and CEL tokens?
I don’t know much about the CEL token. Regarding ZETA (ZetaChain), I previously shared my thoughts in an article: I found it average.
However, recently, I’ve seen several articles on chain abstraction that mentioned ZetaChain, and they also mentioned another chain: Particle Network.
ZetaChain and Particle Network are both projects in the field of chain abstraction.
Chain abstraction aims to solve user experience issues, greatly enhancing the convenience of using blockchain, allowing users to operate across various blockchains from a unified interface without switching between them.
Comparing ZetaChain and Particle Network from the perspective of chain abstraction, I prefer Particle Network: it focuses on solving chain abstraction issues within the Ethereum ecosystem, especially among various second-layer expansions. This is not only an urgent problem that the Ethereum ecosystem needs to solve but also a necessary issue for Ethereum’s future mainstream adoption.
This problem is relatively easy to solve technically and can show results more quickly.
Other projects aiming to solve chain abstraction across various blockchain main chains are relatively more technically challenging and may yield more modest results.
So, when I see Zeta, I think of Particle Network.