With the rise of Doge Coin, there have been countless MEME coins launch on different platform.
What are you thoughts on meme coins? Are they bad for the industry? Or Are they a gateway drug for newbies to enter the game?
In my opinion, meme coins are more inclined to be used as short-term investments, while long-term investments are still not suitable, because these coins are easily controlled by those who have large capital, such as the very high price increase of Dogecoin caused by investment by Elon Musk on a large scale, and when he doesn't fully support Dogecoin, the price drops immediately as we see it today