{"id":502886,"date":"2024-04-08T08:50:00","date_gmt":"2024-04-08T08:50:00","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=502886"},"modified":"2024-04-08T08:50:00","modified_gmt":"2024-04-08T08:50:00","slug":"new-class-of-culture-meme-coins-may-surpass-dog-themed-cryptos-like-shib-and-doge-analyst-says","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/new-class-of-culture-meme-coins-may-surpass-dog-themed-cryptos-like-shib-and-doge-analyst-says","title":{"rendered":"New Class Of Culture Meme Coins May Surpass Dog-Themed Cryptos Like SHIB And DOGE, Analyst Says"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">A new class of meme coins centered around cultural values such as politics, lifestyle and religion could achieve greater growth this cycle than meme coins such as Dogecoin and Shiba Inu.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">That&rsquo;s according to venture capitalist Andrew Kang, co-founder of Mechanism Capital, who says these new types of <\/span><span style=\"font-weight: 400;\">cryptocurrencies &ldquo;are inherently viral.&rdquo;&nbsp;<\/span><\/p>\n<p><span class=\"css-1qaijid r-bcqeeo r-qvutc0 r-poiln3\">&ldquo;Given that the strength of memecoins are directly correlated to the strength of their communities, culture coins have a specific advantage in that communities are much stronger when their constituents can rally over shared beliefs,&rdquo; said Kang<span style=\"font-weight: 400;\"> in an Apr. 7 post on X<\/span>. &ldquo;<\/span><span class=\"r-18u37iz\">$TRUMP<\/span><span class=\"css-1qaijid r-bcqeeo r-qvutc0 r-poiln3\"> and <\/span><span class=\"r-18u37iz\">$BODEN<\/span><span class=\"css-1qaijid r-bcqeeo r-qvutc0 r-poiln3\"> were one of the first examples of this with many holders sharing anti-woke, anti-Biden, and right wing views.&rdquo;<\/span><\/p>\n<p>Kang says this new class of<span style=\"font-weight: 400;\">&nbsp;&ldquo;culture coins&rdquo; will be backed by communities with &ldquo;strong values and identities,&rdquo; which will &ldquo;try to convert others to their beliefs and publicly display what it is they love about their lifestyle.&rdquo;<img decoding=\"async\" src=\"https:\/\/image.coinpedia.org\/wp-content\/uploads\/2024\/03\/01223820\/meme-coins.webp\" alt=\"5 Must-Have Coins For Memecoin Rally - Coinpedia Fintech News\"><\/span><\/p>\n<p><span style=\"font-weight: 400;\">Assets that &ldquo;pump the hardest&rdquo; such as stocks, real estate, metals and coins are simply assets that people can best believe in, according to Kang. 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 added<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Culture Coins: A new class of Memecoins<\/p>\n<p>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&hellip; <a href=\"https:\/\/t.co\/8ZANSXIdIQ\">pic.twitter.com\/8ZANSXIdIQ<\/a><\/p>\n<p>&mdash; Andrew Kang (@Rewkang) <a href=\"https:\/\/twitter.com\/Rewkang\/status\/1776851154221015382?ref_src=twsrc%5Etfw\">April 7, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2><span style=\"font-weight: 400;\">Investors Still Flocking To Traditional Meme Coins<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Kang&rsquo;s prediction has not stopped investors from flocking to animal-themed <\/span><span style=\"font-weight: 400;\">meme coins<\/span><span style=\"font-weight: 400;\"> or <a href=\"https:\/\/insidebitcoins.com\/news\/5-best-meme-coins-for-potential-10x-gains-in-april-2024-next-meme-coins-to-explode\">cryptos<\/a> based on jokes. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Investors have poured tens of millions of dollars into animal-themed Solana coins in the past few weeks. Sloth-themed <\/span><a href=\"https:\/\/insidebitcoins.com\/visit\/slothana\" rel=\"nofollow\"><span style=\"font-weight: 400;\">Slothana<\/span><\/a><span style=\"font-weight: 400;\"> is the latest example, with traders sending over $10 million in SOL to the crypto&rsquo;s presale at lightning speed.&nbsp;<\/span><\/p>\n<p>Dogwifhat (WIF) recently dethroned frog-themed Pepe (PEPE) to become the third-largest meme coin with a market cap of more than $4 billion.<\/p>\n<p>And dog-themed <a href=\"https:\/\/insidebitcoins.com\/visit\/dogecoin20\" rel=\"nofollow\">Dogecoin20 (DOGE20)<\/a>, a DOGE derivative, went ballistic in presale, raising more than $10 million in less than two weeks. Its development team has extended the presale until its launch on International DOGE Day on Apr. 20.<\/p>\n<h3><span style=\"font-weight: 400;\">Related Articles:<\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.linkedin.com\/pulse\/upcoming-crypto-presales-unlock-early-investment-calsona-plu5e\"><span style=\"font-weight: 400;\">Upcoming Crypto Presales: Unlock Early Investment Opportunities!<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/ripple-to-launch-dollar-backed-stablecoin-to-challenge-rivals-usdt-and-usdc\"><span style=\"font-weight: 400;\">Ripple To Launch Dollar-Backed Stablecoin To Challenge Rivals USDT And USDC<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/can-pepe-dethrone-shiba-inu-or-will-they-both-be-outperformed-by-this-hottest-meme-coin-launching-soon\"><span style=\"font-weight: 400;\">Can Pepe Dethrone Shiba Inu? Or Will They Both Be Outperformed by This Hottest Meme Coin Launching Soon?<\/span><\/a><\/li>\n<\/ul>\n                                        <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n                        <div class=\"inContentProviderSingle--wrapper\">\n                            <div class=\"container\">\n                                <div class=\"row mb-lg-3\">\n                                    <div class=\"col-12 col-md-8\">\n                                        <p class=\"inContentProviderSingle--title\">Smog (SMOG) - Meme Coin With Rewards<\/p>\n                                    <\/div>\n                                    <div class=\"col-12 col-md-4\">\n                                        <div class=\"inContentProviderSingle--rating\">\n                                            <div class=\"rating--holder\">\n                                                <p class=\"rating--text\">Rating<\/p>\n                                                <div class=\"rating--star-container\">\n                                                    <div class=\"rating--star\" style=\"width: 100%;\"><\/div>\n                                                <\/div>\n                                            <\/div>\n                                        <\/div>\n                                    <\/div><!--\/.col-md-4-->\n                                <\/div><!--\/.row-->\n                                <div class=\"row\">\n                                    <!-- *******  Desktop Provider Logo ********** -->\n                                    <div class=\"col-12 col-md-12 text-center d-block d-sm-block d-md-none d-lg-none\">\n                                        <img decoding=\"async\" class=\"inContentProviderSingle--img mb-3\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/02\/smog-token.svg\" alt=\"Smog token\" width=\"125\" height=\"60\">\n                                    <\/div>\n\n                                    <div class=\"col-12 col-md-8\">\n                                                                                    <ul class=\"inContentProviderSingle--list\">\n                                                                                                    <li>Airdrop Season One Live Now<\/li>\n                                                                                                    <li>Earn XP To Qualify For A Share Of $1 Million<\/li>\n                                                                                                    <li>Featured On Cointelegraph<\/li>\n                                                                                                    <li>Staking Rewards - 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