A new kind of cultural meme coin could outperform dog-themed cryptocurrencies like SHIB and DOGE, analysts say.

A new class of meme coins centered around cultural values, including politics, lifestyle, and religion, could achieve greater growth this cycle than meme coins like Dogecoin and Shiba Inu.

According to venture capitalist Andrew Kang, co-founder of Mechanism Capital, these new types of investments include: Cryptocurrencies are “inherently viral.”

CEO Kang said, “Given that the power of the meme coin is directly related to the power of the community, Culture Coin has a special advantage in that the community becomes much stronger when members unite around shared beliefs.” . From X’s April 7 post. “$trump and $Boden “It was one of the first times that many holders shared anti-woke, anti-Biden, right-wing views.”

Mr. Kang describes this new class as follows. “Culture Coin” will be supported by communities with “strong values ​​and identity.” The community will “try to convert others to their beliefs and publicly display what they like about their lifestyle.”

The ‘strongest performing’ assets, such as stocks, real estate, metals, and coins, are simply the assets that people can trust the most. This is somewhat similar to meme coins, whose value is largely determined by the pool of investors who come together for the project, he added.

Culture Coins: A New Kind of Memecoin

All memecoins can be viewed as coins of culture. Memes themselves are defined as cultural elements that individuals spread around the world. Doge, the first large meme coin, was based on the famous internet meme itself… pic.twitter.com/8ZANSXIdIQ

— Andrew Kang (@Rewkang) April 7, 2024

Investors are still flocking to traditional meme coins.

Despite Kang’s prediction, it did not stop investors from flocking to animal themes. meme coin Or a cryptocurrency based on a joke.

Over the past few weeks, investors have poured tens of millions of dollars into the animal-themed Solana coin. sloth theme Slotana This is the latest example of traders sending over $10 million SOL into cryptocurrency pre-sales at a very rapid pace.

Dogwifhat (WIF) recently surpassed the frog-themed Pepe (PEPE) to become the third-largest meme coin with a market capitalization of over $4 billion.

And a DOGE derivative, the dog-themed Dogecoin20 (DOGE20), had a successful presale, raising more than $10 million in less than two weeks. The development team has extended the pre-sale until its release on April 20th, International DOGE Day.

Related articles:

SMOG – Meme Coin with Rewards

• Airdrop Season 1 Live Starts
• Earn XP to Win $1 Million in Stake
• Cointelegraph Special
• Staking Rewards – 42% APY
• 10% OTC discount – smogtoken.com