Crypto VC Predicts Profitable ‘Culture Coins’ Could Outshine Dogecoin and Animal Memecoins
A new class of meme coins, “culture coins”, centered around cultural values such as politics, lifestyle, and religion could achieve greater growth in this cycle than meme coins such as Dogecoin and Shiba Inu, according to Mechanism Capital co-founder Andrew Kang.
Kang tweeted on April 7, suggesting that meme coins focusing on deeper cultural themes could offer greater profit potential than traditional meme tokens centered around animals and simple jokes.
Culture Coins: A new class of Memecoins
You could consider all memecoins as coins of culture. Memes themselves are defined as elements of culture that are spread by individuals throughout the world. The first big memecoin, Doge was based on a famous internet meme itself and the… pic.twitter.com/8ZANSXIdIQ
— Andrew Kang (@Rewkang) April 7, 2024
Kang believes culture coins have the potential to go viral due to the strong values and identities of their communities.
He pointed out specific examples like Jeo Boden (BODEN) and Donald Trump (TREMP) – Solana-based meme coins that have rapidly gained traction within communities holding “anti-woke, anti-Biden, and right-wing views.”
BODEN, launched on March 9, has seen remarkable growth, with gains exceeding 700,000% since its inception and a market capitalization of $473 million. TREMP, a Donald Trump parody coin launched on Feb. 27, has also experienced major gains, albeit not as much as BODEN, with a market cap of $73 million .
According to Kang, assets that “pump the hardest,” such as stocks, real estate, metals, and coins, are simply assets that people can best believe in. This makes them somewhat similar to meme coins, whose values are mainly driven by a pool of investors who rally together behind a project.
He stated
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