缺乏公用事業和基本價值：模因硬幣面臨的重大挑戰

與已建立的加密貨幣（例如比特幣和以太坊）不同，它們具有清晰的用例，技術創新和定義明確的價值主張，模因硬幣通常主要用於投機目的或開玩笑。

Meme coins, a recent phenomenon in the cryptocurrency world, have sparked both enthusiasm and skepticism among investors. While some view meme coins as a harmless and amusing way to speculate on cryptocurrencies, others highlight their lack of utility or inherent fundamental value. This article delves into the implications of this lack of utility and how it shapes the nature of meme coins in the broader cryptocurrency market.

Meme Coins是加密貨幣界最近的一種現象，在投資者中引發了熱情和懷疑。雖然有些人將模因硬幣視為一種無害而有趣的方式來推測加密貨幣，但另一些人則強調了它們缺乏效用或固有的基本價值。本文深入研究了這種缺乏效用的含義以及它如何塑造更廣泛的加密貨幣市場中模因硬幣的性質。

1. Meme Coins as a Speculative Asset

1。模因硬幣作為投機資產

Unlike established cryptocurrencies such as Bitcoin and Ethereum, which have clear use cases, technological innovations, and well-defined value propositions, meme coins often exist primarily for speculative purposes or as a joke. This lack of a tangible, functional value makes meme coins especially volatile and high-risk investments.

與已建立的加密貨幣（例如比特幣和以太坊）不同，它們具有清晰的用例，技術創新和定義明確的價值主張，模因硬幣通常主要用於投機目的或開玩笑。缺乏有形的功能價值使模因硬幣尤其是波動和高風險的投資。

In the world of meme coins, hype and speculation reign supreme, rather than any underlying technology or real-world problem that the coin is designed to solve. The primary attraction for most investors is the potential for short-term profits, spurred by viral trends, celebrity endorsements, or large social media movements. This speculative nature can lead to rapid price increases, especially when social media influencers or celebrities push the narrative around a particular coin.

在模因硬幣的世界中，炒作和猜測統治著至尊，而不是硬幣旨在解決的任何基本技術或現實世界中的問題。大多數投資者的主要吸引力是從病毒趨勢，名人代言或大型社交媒體運動的刺激的短期利潤的潛力。這種投機性的性質會導致價格快速上漲，尤其是當社交媒體影響者或名人推動特定硬幣的敘述時。

However, these price surges are usually not supported by any fundamental value or technological advancement. Meme coins do not typically have any inherent utility or use case that justifies their value, unlike Bitcoin, which is valued as a store of value and a hedge against inflation, or Ethereum, which powers decentralized applications and smart contracts. As a result, meme coins are highly dependent on external factors like market sentiment, influencer influence, and social media trends to maintain their price.

但是，這些價格上漲通常不受任何基本價值或技術進步的支持。與比特幣不同，模因硬幣通常沒有任何固有的效用或用例可以證明其價值的合理性，而比特幣被視為價值存儲和抵制通貨膨脹或以太坊的樹籬，這為分散的應用程序和智能合約提供動力。結果，模因硬幣高度依賴外部因素，例如市場情緒，影響者的影響力和社交媒體趨勢以保持其價格。

This makes meme coins incredibly susceptible to “pump-and-dump” schemes, where the value of the coin is artificially inflated by coordinated efforts, only to collapse once the hype fades. Investors who are not aware of these tactics or who get caught up in the excitement may end up buying the coin at an inflated price and suffering significant losses when the value inevitably drops.

這使得Meme的硬幣非常容易受到“泵和降點”方案的影響，在該方案中，硬幣的價值通過協調的努力人為地膨脹，只有一旦炒作逐漸消失就崩潰了。不知道這些策略或陷入興奮的投資者最終可能會以高昂的價格購買硬幣，而當價值不可避免地會下降時遭受巨大的損失。

2. Lack of Technological Innovation

2。缺乏技術創新

Another reason meme coins struggle to provide value is their lack of technological innovation. Cryptocurrencies like Bitcoin and Ethereum have become household names due to their robust underlying technologies—Bitcoin’s decentralized, permissionless ledger that offers peer-to-peer transfers without intermediaries, and Ethereum’s groundbreaking smart contract platform that enables the development of decentralized applications (dApps).

模因硬幣努力提供價值的另一個原因是他們缺乏技術創新。由於其強大的潛在技術（Bitcoin的分散，無許可的賬本），比特幣和以太坊等加密貨幣已成為家喻戶曉的名稱，可提供無中介的對等轉換，以及以太坊的突破性智能合同平台，可以使應用程序的開發（DAPPS）的開發（DAPPS）。

In contrast, most meme coins lack any significant technological advancements or applications beyond the initial joke. For example, Dogecoin, despite being the most well-known meme coin, was originally created without any particular use case or technological goals. Its blockchain operates similarly to Bitcoin, but there is no groundbreaking feature or unique functionality that differentiates it from other coins. While Dogecoin’s community has done some interesting things with the coin (such as charitable donations and sponsorships), these efforts are not enough to justify its long-term viability or significant adoption.

相比之下，大多數模因硬幣除了最初的笑話之外沒有任何顯著的技術進步或應用。例如，狗狗幣儘管是最著名的模因硬幣，但最初是在沒有任何特殊用例或技術目標的情況下創建的。它的區塊鏈與比特幣相似，但是沒有開創性的功能或獨特功能將其與其他硬幣區分開來。儘管Dogecoin的社區對硬幣（例如慈善捐款和讚助）做了一些有趣的事情，但這些努力還不足以證明其長期的生存能力或大量採用。

Other meme coins, like Shiba Inu or SafeMoon, also fail to offer any substantial technological innovations. These coins are typically derivatives of existing blockchain technologies, with little differentiation in terms of features, scalability, or utility. The primary appeal for these coins is the community and the meme culture that surrounds them, rather than any technological advantage they may offer. Without a strong technological foundation, meme coins are unlikely to experience widespread adoption or long-term sustainability.

其他模因硬幣，例如shiba inu或safemoon，也無法提供任何實質性的技術創新。這些硬幣通常是現有區塊鏈技術的導數，在特徵，可擴展性或效用方面幾乎沒有分化。這些硬幣的主要吸引力是社區和周圍的模因文化，而不是它們可能提供的任何技術優勢。如果沒有強大的技術基礎，模因硬幣就不太可能經歷廣泛的採用或長期可持續性。

3. The Role of Community Over Technology

3。社區對技術的作用

In the meme coin space, the role of community engagement and sentiment often outweighs the need for technology or utility. The success of many meme coins, such as Dogecoin and Shiba Inu, can largely be attributed to their vibrant and active communities rather than any inherent use case or technological innovation. These communities are driven by shared humor, inside jokes, and the collective belief that the coin’s value will rise as more people get involved.

在模因硬幣空間中，社區參與和情感的作用通常超過了對技術或實用性的需求。許多模因硬幣（例如Dogecoin和Shiba Inu）的成功很大程度上歸因於其充滿活力和活躍的社區，而不是任何固有的用例或技術創新。這些社區是由共同的幽默，內部笑話驅動的，集體信念是，隨著更多的人參與，硬幣的價值將會上升。

While the community aspect can help build a sense of belonging and enthusiasm around a coin, it does little to provide long-term value. Community support may drive temporary surges in price or generate interest during periods of hype, but once the excitement fades, the lack of utility and technological purpose becomes more apparent. In many cases, when the meme-driven community disbands or loses interest, the value of the coin can plummet, leaving investors with little recourse but to watch as their holdings lose value.

儘管社區方面可以幫助圍繞硬幣建立歸屬感和熱情，但它並沒有提供長期價值。社區支持可能會導致價格臨時飆升或在炒作期間引起興趣，但是一旦興奮逐漸消失，缺乏效用和技術目的就會變得更加明顯。在許多情況下，當以模因驅動的社區解散或失去利息時，硬幣的價值可能會暴跌，使投資者幾乎沒有追索權，但要注意他們的持股失去價值。

This reliance on community enthusiasm is both a strength and a weakness. On the one hand, it can lead to rapid growth during periods of increased interest. On the other hand, if the community’s interest wanes or if the next viral meme coin captures their attention, the coin can experience sharp declines. Without a tangible use case or real-world application, the community’s engagement cannot sustain the coin’s value indefinitely.

這種對社區熱情的依賴既是力量又是弱點。一方面，這可能導致興趣增加的時期迅速增長。另一方面，如果社區的興趣減弱，或者下一個病毒模因硬幣引起了他們的注意，則硬幣會急劇下降。沒有切實的用例或現實應用程序，社區的參與將無法無限期地維持硬幣的價值。

4. Limited Real-World Applications

4。有限的現實應用程序

The ultimate measure of a cryptocurrency’s value often comes down to its real-world use cases and the problems it seeks to address. Bitcoin’s value is rooted in its ability to serve as a decentralized, borderless, and censorship-resistant form of money. Ethereum’s value is tied to its smart

加密貨幣價值的最終度量通常取決於其現實世界中的用例及其尋求解決的問題。比特幣的價值源於其作為分散，無邊界和耐心的貨幣形式的能力。以太坊的價值與其聰明