In the world of cryptocurrency, meme coins are creating an unprecedented wave of enthusiasm. These tokens, which were once considered a "joke", have now become the focus of market speculation. The trend reached a new peak with Murad Mahmudov's speech at the TOKEN2049 conference. He boldly predicted that Bitcoin would reach $10 million and was hailed as the new godfather of meme coins.
The origin and craze of Memecoin
Meme coins are a type of cryptocurrency based on Internet pop culture, characterized by fun, irony, and humor. They usually do not have clear commercial application scenarios, but instead rely on the power of the community. The names of meme coins mostly come from Internet buzzwords, emoticons, hot events, etc., and are highly entertaining and topical.
Looking back over the past year, the meme coin market has experienced three important fluctuations. The first was the Solana meme craze triggered by MYRO, SILLY, and WIF. The pre-sale frenzy of BOME and SLERF followed in March this year, which set off a second wave of heat. With the advent of the bear market, altcoins generally performed poorly, and meme trading tools like Pump.Fun further promoted the meme craze through infrastructure upgrades, forming the third wave of heat.
In this context, animal memes have become a top trend, and the return of abstract art has also brought new meme speculation potential.
New Godfather Murad believes meme coins are in a super cycle
Murad rose to fame for his speech at the TOKEN2049 conference, in which he proposed the concept of the meme coin super cycle and pointed out that meme coins are stealing meme properties and speculative premiums from value coins. He believes that people in the market are gradually realizing that meme coins are subverting VC coins and all altcoins.
He made a bold prediction at the conference that Bitcoin would reach $10 million, and shared on his X account that the market was in a meme coin super cycle and that “2025 will be the year of parabolic growth for meme coins.”
Image source: X
He noted that “any crypto asset that doesn’t distribute cash flow to your wallet or acts as a store of value is essentially a meme coin, and 99.999% of altcoins are just meme coins with a few more steps added.”
Murad helps boost cult meme, becomes memecoin 'Jesus'
From June 25 to September 13, Murad gradually filled out a list of cult memes that he believed would explode in the upcoming meme supercycle.
Image source: X
This list has become the new trading bible, led by SPX, whose market value has risen from $20 million in July to more than $600 million, showing the powerful shouting effect of this new godfather.
The meme coins in the list have one common feature, that is, they all have some Cult temperament and are covered with a layer of nonsensical, non-mainstream, and abstract appearance elements. They are usually related to popular Internet culture, memes or specific subcultures, and are called Cult Memecoin.
"Investing in memes is actually investing in people," Murad believes that Cult will become the next big trend.
Murad believes that the best meme coins do more than almost all altcoins. They provide fun, reduce loneliness, and identity - achieving the goals that DAO was supposed to achieve, bringing resonance, emotional connection, a sense of mission and meaning, entertainment, and happiness, and even promoting charity, story creation, and legend building.
The "Price and Belief Index" strategy he proposed emphasizes finding support from enthusiastic communities in undervalued projects, and believes that the true value of Meme coins lies in the emotional resonance and cultural identity they bring.
