The reality of meme coins is their momentum doesn’t last long. After all, they’re just simply meme coins with no real and positive use cases. Thus, they are not built for long term growth. Dogecoin’s rise is due to Elon Musk’s enthusiasm by making ridiculous tweets that would pump DOGE as well as Mark Cuban accepting this meme coin for purchasing game tickets and merchandise.
For Shiba Inu’s growth as it got listed on Binance, it was pure hype and holders are just lucky that the price boomed after this announcement.
The momentum of meme coins are going to die down soon, and the best ones for long-term investment are those coins, tokens and NFTs with real and special use cases that would benefit various industries for good.