Meme coins are a bullish market indicator. In a very bull market, we always have a lot of controversial coins, in particular meme coins. They are of no use other than being fun. In addition, they absorb excess liquidity from the market. The Fed prints so many dollars that in order to spend this money somewhere and ignite the hype, there are coins-memes.
but why are people also able to follow the trend created by the meme coin? and like a deal we can see how meme coins like Dogecoin and shib are also getting attention from the market. adoption is increasing rapidly and is also supported by rising prices.