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 Meme tokens are like a joke that exists in blockchain systems. Look at the name of the token that is associated with Dogecoin. There is a WifeDoge token, Baby Doge, maybe in the future Grandchild Doge or Grandpa Doge will appear. Apart from that there was the ShibaINU token, which later gave birth to Baby Shiba. Isn't that a joke? If we look at the token prices everything is on the cutting edge.
If we take a look at the BSC, Ethereum, Polygon blockchains, there are probably hundreds of tokens appearing every day. Moreover, decentralized tokens can be traded on swap platforms easily. If they're new users I think they'll be stuck with junk tokens. Maybe many are not happy with what I say, but the fact is. So I have to say even though I have to take a risk. It's possible that junk tokens will flood the Cardano blockchain soon, due to Cardano's fledgling smart contracts.