Author: NingNing, Independent Researcher
Guest: X@0xNing0x
If we set the observation period from the past 23 years to the present and compare the volatility, returns, and maximum drawdown of the leading value coins and meme coins in the secondary market, we will find that the reality is not what it seems.
For example, the overall performance of the leading value coin $TIA is superior to meme coin leaders $Doge and $SHIB, and only slightly weaker than $PEPE.
The market, as a collective personality, tends to exaggerate short-term memory while frequently forgetting and modifying long-term memory.
The current “MeMe coins skyrocketing, value coins plummeting” phenomenon we are experiencing is likely just a cyclical occurrence. And the lifespan of the noisy “value coins are finished” argument will be shorter than that of most celebrity meme coins.
A new narrative that has emerged in this meme coin boom cycle – attention economics – is worth the attention of value investors. Web3 is reaching a critical point in its widespread adoption, and attention economics will play a significant role in this process.
After reaping the benefits of this wave in the meme coin boom cycle, @HuobiGlobal has started actively laying the foundation for attention economics infrastructure projects. The image shows 11 SocialFi projects compiled by the Huobi team.
In the next cycle, I will actively reject the primitive animalistic desires of on-chain PVP and dog lottery, and learn from the blue fox’s Zen-like cultivation to accompany the growth of value coins.
Cycles rotate, but value endures.
