Meme coins are gaining increasing attention as thousands of new tokens are released daily. Despite criticism, the sector attracts expert interest.
Archetypes of the Collective Unconscious
According to Ki Young Ju from CryptoQuant, meme coins are 'archetypes of the collective unconscious.' Swiss psychiatrist Carl Jung's theory suggests that all people share primordial images and thoughts manifested in myths and cultural symbols. Ju believes animal meme coins reflect shamanism, while celebrity meme coins are linked to higher religions.
Meme Coins and Art Markets
Animal meme coins include Dogecoin and Shiba Inu, while celebrity tokens are linked to figures like Donald Trump and Melania Trump. Ju has also compared meme coins to art markets, noting that the value of both is determined by narrative.
The Future of Meme Coins
Ju believes success in the crypto industry comes to those who can create something people believe in. Meme coins, like art, can be valued through collective beliefs and stories.
As meme coins continue to garner attention, their role in modern culture and economy remains a topic of active discussion.
