In the crypto market, it is traditional to evaluate tokens based on their functionality. However, in reality, price dynamics are often determined not by technical capabilities, but by narratives, speculation, and community support.
Memcoins as a cultural phenomenon
Meme cryptocurrencies are a clear example of this trend. Their value is built around culture and brand recognition: a successful image, joke or viral idea becomes a sufficient basis for demand. The ease of entry makes memecoins understandable to a wide audience, and unlike complex DeFi-products they do not require deep knowledge and quickly find a response.
Memes are spread through pop culture, not technical documents. Their “utility” is cultural virality, which allows them to remain the most accessible form of engagement in the crypto market.
Attempts to add real utility
While the foundation of memecoins is community and cultural code, a number of projects are trying to offer additional features:
- Shiba Inu (SHIB) launched Block second level Shibarium and develops an ecosystem with DEX, NFT and the metaverse.
- Dogecoin (DOGE) has gained recognition as a means of payment and is used for donations, tips and individual purchases.
- Floki Inu (FLOCIA) expands the ecosystem through DeFi-services, NFT-games and educational platform.
- Pepe (PEPE) has been integrated into liquidity pools and staking protocols.
- Bonk (BONK) has driven activity in the ecosystem Solana and is used in NFT-marketplaces and DeFi-applications.
- XYZVerse (XYZ) has brought together meme culture and sports by offering the community betting opportunities through a partnership with bookmaker.XYZ and mechanisms Play-to-Earn.
Example XYZVerse
XYZVerse is positioned as the first sports meme coin. Since the start of the pre-sale, the project has raised over $15 million, and the number of community members in X and Telegram exceeded 30 thousand people.
Unlike many other meme coins, XYZVerse is not just about hype — its smart contracts have been audited by Pessimistic and SolidProof, and tokenomics involves burning more than 17% of emissions, which creates a deficit effect.
Source: xyzverse.io
Additionally, the project develops an ecosystem with gamification elements: staking, mini-games and partnerships with the sports industry. This creates additional user engagement, but the cultural component remains key.
Сonclusion
Memcoins are still primarily a social phenomenon, based on culture and community. However, examples of DOGE, SHIB, FLOCIA, BONK and XYZVerse show that some projects are able to combine meme-like nature with additional functionality.
Their long-term success depends not only on technical innovations, but also on how actively the community will use the proposed tools, and not limit itself to speculation.
You can find out more detailed information about XYZVerse (XYZ) on the official website of the project and in social networks:
Site
Telegram
X
This article does not constitute investment advice. The reader bears full responsibility for any actions taken based on the information obtained on our site. The acquisition of high-risk assets is associated with additional risks.