Hey there, crypto enthusiasts! If you’ve been scrolling through X lately, you might have stumbled upon a fascinating thread by Miyamoto (@iruletrenches) that’s got the community buzzing. Posted on July 4, 2025, this thread takes us back to the wild days of 2021 when memecoins like Shiba Inu (SHIB) dominated the market with insane trading volumes. Let’s break it down and explore what this means for the future—especially with the hype around Useless Coin (USELESS).

The 2021 Memecoin Craze: SHIB’s Golden Era

The thread kicks off with a nostalgic screenshot from @GiganticRebirth, dated October 7, 2021. It highlights how SHIB was casually outpacing the big dogs—doubling Bitcoin’s volume, tripling Ethereum’s, and hitting 10x the volume of any altcoin like Solana on Coinbase. That’s right, a meme coin inspired by a cute Shiba Inu dog was stealing the show! The post ponders what people really want: Layer 1 solutions, bridges, DeFi perps, NFT tokens, or maybe just some “doggo stocks” (a playful nod to dog-themed coins).

This wasn’t just a fluke. Back in 2021, SHIB rode a wave of hype, fueled by retail investors and a fear of missing out (FOMO). Its market cap soared, and it became a symbol of the memecoin mania. If you’re new to this, a memecoin is a cryptocurrency that starts as a joke or meme but gains real value through community support—think of it as the internet’s way of turning laughs into profits!

Useless Coin: The Next Big Thing?

Fast forward to 2025, and Miyamoto predicts that Useless Coin could replicate SHIB’s peak performance. The thread has sparked excitement, with comments like “#Useless will replicate $SHIB at its peak” and “$1 billion coded,” showing the community’s bullish outlook. But what is Useless Coin? It’s a newer memecoin that’s been gaining traction, currently ranked #249 on CoinGecko with a market cap tied to its 1 billion circulating tokens. Its recent 86.50% price surge in the last week has people wondering if it’s about to blast off like SHIB did.

The idea here is simple: memecoins thrive on hype and community energy. If Useless Coin can capture the same magic—think viral memes, celebrity endorsements, or even a clever marketing push—it might just follow in SHIB’s footsteps. The thread’s astronaut GIF adds a fun, space-bound vibe, hinting at the “moon” dreams every crypto trader loves!

Why the Hype? Understanding Memecoin Appeal

So, why do people go crazy for memecoins? It’s not just about the tech (or lack thereof). These tokens tap into a cultural phenomenon—humor, community, and the thrill of a quick win. SHIB’s success showed that even a “useless” coin can become valuable if the crowd believes in it. Today, with decentralized exchanges like PancakeSwap making it easier to trade these tokens, the barrier to entry is lower than ever.

Miyamoto’s thread also nods to the nostalgia factor. Many newer investors missed the 2021 boom and can’t imagine the chaos of a memecoin doing multiples of Bitcoin’s volume. But with Useless Coin’s current momentum, we might be on the cusp of another wild ride.

What’s Next for Useless Coin and Memecoins in 2025?

As of 06:04 AM +07 on July 5, 2025, the crypto world is watching closely. Will Useless Coin hit a billion-dollar valuation? Can it outshine established players like Dogecoin or PEPE? The thread’s replies suggest a mix of optimism and prayer (“God willing 🙏”), reflecting the speculative nature of this market.

For blockchain practitioners and investors, this is a chance to dive into the memecoin ecosystem. Keep an eye on trading volumes, community sentiment on platforms like X, and any big moves from exchanges. If history repeats, we could see Useless Coin rocket past expectations—just like SHIB did back in the day.

What do you think? Are you ready to jump on the Useless Coin bandwagon, or is this just another memecoin bubble waiting to pop? Drop your thoughts in the comments, and stay tuned to meme-insider.com for the latest updates on this exciting trend!