Exploring the Memecoin Market Dynamics

The global meme market is currently valued at 50 billion US dollars, about the same size as the New Zealand economy (yes its a real country). What makes a picture of Pepe linked to token worth 8.5 billion dollars? The simple answer is memes have real world value, this cannot be measured the way you measure a national economy but some of the factors involved are similar.

How to calculate the size of a "meme-conomy"

There are a few factors which drive the economies of memes, one being the relatability of the meme, and the emotion conveyed by the meme, for example breaking down Pepe, he represents melancholy, laziness, smugness, nostalgia and playfulness which lead to Pepe's originality before the idea of memecoins back in the late 2000s. So this is the first element of a successful coin, a relatable character which they can see some of themselves in

The next step is building up a community around the token and promoting your token as the original one and the rest being fake or scams, how you do that is a complex problem but the idea is to be the "original Pepe". This will naturally build up a lot of supporters around it, and the value of the meme can be exponentially tied to the amount of holders. What I mean by this is say if there are 100 holders the token might be worth $1, but if the holders double to 200, the token value would be worth around $4, so in the early stages, keep this in mind that the earlier the token is the more each new holder grows the token

Once your token is cemented as a core meme like Wif, Pepe, Dogecoin, Shiba or other large multibillion dollar marketcap memes, then you just let the cycles of crypto pump your token. Establishing a core meme is the hard part but once you are established, the meme becomes almost like holding USD in the memecoin world

Good luck building up your personal meme-conomies, we will always be the original Bite-Sized meme though