Hey everyone! Social events, like the US elections, bring activity to the crypto space every cycle, especially with memecoins, which can be created in minutes as a reaction to events like a political figure tweeting something. These narratives, being easy to grasp, grab the attention of non-crypto users, who could then enter our markets.
In this clip:
- Different political memecoin genres
- Temporary and lasting memecoin narratives
- Newcomers who will buy, hold, and forget
Memecoin narratives can spark in minutes, some will last, while others will disappear quickly. For people coming into crypto, the relatable narratives will catch their attention and influence where they decide to put their money.
Newcomers to the crypto space will likely be people used to investing in the stock market for a 5–10% return each year, so they will make excellent holders, benefiting the projects and potentially changing the dynamics.
In our conversation with John on Chain Chatter he mentioned how projects like 1776 have a long lasting and relatable narrative that can be relevant for a long time, attracting investors. Check this clip to learn more.