The crypto market is highly volatile and cryptocurrency prices can fluctuate dramatically in a short period of time. Memes offer people a way to express their emotions and cope with the ups and downs of the market in a lighthearted and humorous way.
Cryptoculture is heavily centered around online communities and social media, and memes are a widely used form of communication. They allow people to quickly communicate complex thoughts or emotions in a way that is easily understood by others in the community.
Many concepts and terms in the crypto world can be difficult to understand for those new to the space, and memes are a way to simplify and explain them. Crypto is also full of speculation and hype, and memes are an outlet to poke fun at the weirder claims.
Here is a selection of the most popular cryptocurrency memes.
“Hodl” came from a misspelling of the word “hold” in a Bitcoin forum post in 2013. The original poster, who was apparently frustrated with Bitcoin’s volatility (BTC) of the market, mistakenly wrote “I am hodling” instead of “I am holding”. The typo caught on and soon hodl became a popular term in the crypto community to describe the long-term investment strategy of holding your cryptocurrency through short-term market fluctuations.
HODL doesn’t actually mean “Hold on for dear life” funnily enough.
— ₿itcoin Documentation (@DocumentingBTC) February 7, 2021
The meme is often used in the context of crypto market volatility to express the belief that the value of a particular cryptocurrency will increase over the long term. It is found on social networks, forums and chats as a way to express support for a particular coin and long-term investment strategy.
It is also used as a backronym for “hang on for dear life”, referring to the volatility of the crypto market.
Like “wanted”, “when the moon?” is a phrase used by people online to express excitement or hope that a particular cryptocurrency will dramatically increase in value and offer a massive return on investment.
“When month?” memes are often accompanied by pictures or GIFs of characters or animals looking up at the moon, or people looking excited or hopeful.
“When Lambo?” the meme is often used as a way to express people’s hopes of making huge amounts of money from a crypto investment – enough to buy a Lamborghini, a luxury sports car brand known for its high performance and association with wealth. and success.
If all we get is lambo memes and immature puns about “sharing” then I’m out.
Although I still have a lot of hope that the community can be headed in the right direction.
— vitalik.eth (@VitalikButerin) December 27, 2017
People ask “When Lambo?” they often contain GIFs and images of Lamborghinis or characters driving them.
“When Binance?” is another popular question asked within the cryptocurrency community by investors hoping to get their interesting coins listed on Binance, the leading cryptocurrency exchange by volume.
Q: When will you be listed on Binance? pic.twitter.com/1ljjzsVPon
— Phantasma (@PhantasmaChain) July 29, 2018
Each exchange has standards and requirements, and the listing of an asset on a major exchange is often seen as a sign of the asset’s value and supporting the legitimacy of the project.
When institutional investors?
Institutional investors are usually large financial organizations such as banks, hedge funds and pension funds with significant financial resources and investment experience. Their entry into the crypto market is seen as a sign of mainstream acceptance and validation of the technology.
Similar to the “When Binance?” meme, “When institutional investors?” expresses the hope that institutional investors will enter the crypto market.
In the crypto world, “Doge” stands for dogecoin (DOGE) cryptocurrency that was created as a joke in 2013 based on the popular Internet meme “Doge” featuring a Shiba Inu dog. Despite its origins, Dogecoin has gained solid traction and has become a major cryptocurrency with a market cap of over $11 billion at the time of writing.
you’re welcome pic.twitter.com/e2KF57KLxb
— Elon Musk (@elonmusk) February 4, 2021
Images or GIFs of the Shiba Inu, Dogecoin’s mascot, often accompany the Doge meme. The memes often contain phrases like “too wow” and “many months” and are often used to express excitement about Dogecoin’s potential to increase in value or to mock other more serious projects.
“When Satoshi?” expresses the hope or expectation that the true identity of the pseudonymous Bitcoin creator Satoshi Nakamoto will be revealed. Nakamoto’s identity remains unknown, and the mystery surrounding Bitcoin’s creators has sparked much speculation and curiosity.
The meme often features characters or persons representing Nakamoto or images of the pseudonym Nakamoto.