Quote from: superman184 on Today at 07:51:32 PM

Quote from: decentralisati0n on June 04, 2021, 02:02:45 PM

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?

I think that MEME coins are trending but no more so than other coins. As you have mentioned with the advent of the over-appreciated Doge coin according to the tweets made by famous characters, more and more people are starting to make such coins. Almost all of these coins do not have significant value or a strong case to be realized over time. Nowadays, this is no longer a trend and most of the traders prefer to keep some other assets instead of MEME coins. But this MEME coin can also be held for the long term.

That's the reality that every investor should know, it's okay to ride with the hype as long as they understand that it cannot be for long-term investment. Meme coins should not be level with ETH and BNB that has a continuous development, and its long-term potential is great Meme coins are good when it's hype but will eventually die when the hype dies.

The father of meme coins is DOGE, while the father of DOGE is Elon. Grin