#MemecoinSentiment

The nature of Memecoin and the role of psychology:

* No intrinsic value: Unlike Bitcoin or Ethereum, which have technology and real-world applications, memecoins are primarily created based on internet trends, humorous images (memes), and community engagement. They do not have a clear intrinsic value.

* Value based on speculation and trends: The price of memecoins is shaped almost entirely by supply and demand, which is heavily influenced by information dissemination, celebrity attention, and "the herd mentality".

* "The billion-dollar joke": Initially, memecoins were seen as a joke in the cryptocurrency world. However, with the explosion of Dogecoin, Shiba Inu, and more recently PEPE, WIF, BONK, they have become an indispensable part of the crypto market, attracting millions of investors.