Title: Attention Economy Emerges as a New Narrative in the Crypto Market
Author: NingNing, Independent Researcher
Performer: X@0xNing0x
When we observe the market characteristics of leading value coins and meme coins in terms of volatility, returns, and maximum drawdown over a period of 23 years, we find that the reality is different from what is commonly believed.
For instance, the overall performance of the leading value coin $TIA is better than that of meme coin leaders $Doge and $SHIB, and only slightly inferior to $PEPE.
The market, being a collective entity, tends to exaggerate short-term memories while frequently forgetting and modifying long-term ones.
The current phenomenon of “Meme Coins Rising, Value Coins Falling” is likely just a cyclical trend. And the lifespan of the “Value Coins are Doomed” narrative, which is making a lot of noise, will be shorter than the lifespan of most celebrity meme coins.
In this current wave of meme coin frenzy, a new narrative has emerged – Attention Economy, which is worth the attention of value investors. Web3 adoption is approaching a tipping point, and attention economy will play a significant role in this process.
Following the wave of meme coin boom, @HuobiGlobal has actively started laying the foundation for attention economy infrastructure projects. The attached image illustrates 11 SocialFi projects compiled by the Huobi team.
In the next cycle, I will willingly reject the primal instincts of on-chain PVP and Dogecoin lotteries, and instead, embrace the Zen-like mentality of Blue Fox to grow alongside value coins.
Cycles change, but value remains eternal.
