Tech coins can have a cult-following for sure.
Tao is the easiest example I can think of. Extreme cult-following.
Something I just saw was the TAO community (builders) hanging out. This is why this came to mind:
Issue w/ tech coins is the leaders & builders of the coin don’t care about HODLing *as much* in the sense that it is not some virtue.
What is more important to them is building, being paid for their work, and not going into debt.
***THE BUILDERS & LEADERS of TECH COINs are usually the PRIMARY SELLERS of the coin***
Think this is important. You can challenge it. But if you really look around, it is the case. The only coin that it isn’t the case for is HYPE. But this is also different from a tech coin. More DeFi / exchange / L1 coin.
Movement coins do not have this issue. And yes, it is a limitation.
Also want to say that there are many cult-like memecoins and movement coins. You could argue Housecoin is one… but I would say it is a weak cult because the builders and leaders of it are not of good reputation.
Spx6900 is the best movement coin. Hands down.
It really is a new asset. It’s funny. It’s something I thought was possible and thought maybe MUMU could achieve. But mumu did not have as great a community as spx6900.
This asset being what some are labeling a PBA (pure belief asset)
Doesn’t matter too much how you want to go about spreading your belief and persisting in your belief and being optimistic. It just matters that you do this. Spx is a coin for the people. More and more will see this and believe.
Diversity is good. So long as the core values remain. And the core movement stays true. Which it has been.
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