Quote from: lienfaye on Today at 02:57:55 AM

Quote from: Iyanu14 on June 21, 2021, 11:00:39 AM

If the market changes to a big bull market, does it mean that meme coin has better returns?

In general most coins are soaring high during bullish season but im not certain about meme coins as it depends on the utility and community of the particular project. Its true that you can gain more but its a high risk investment compared to well-established coins in the market. But what im certain is meme coins cant recover back if they plunged hard because it has no use case and just relying on hype.

That's what happened today. the hype going on in the market made some coin memes gain their momentum. and after that, there will be a big dump. Of course, it will be difficult to get up. even most will soon die and be abandoned by their investors.
but if there are more meme coins like that, I'm afraid it will affect the BTC price drop. because in the future, more and more people will feel cheated by investing in meme coins which when dumped will definitely take some money.