then DOGE came and it changed everything imo, everyone who spent their time brain storming better ideas for new coins saw the success of this new coin that the only thing they offered was "funny" memes and untraditional methods to promote their coin and nothing about technology or improvements, this opened the gates of hell for more cringe worthy low effort Idiocracy type of coins that offered no value which imo made cryptocurrencies stagnant and changed the perspective that Crypto is a technological revolutionion to ponzi scheme like investement asset where we reward cringe instead of rewarding new technologies or ideas. so what do you think about this topic and if i am right or wrong and is there a way out of this.
I totally agree with your last sentenced that i quote here because feel the same. I mean i was still kinda OK with Doge back then because i don't think it hurts a market if there is one meme-coin that is getting some traction and media attention. I also don't think that Doge immediately changed everything once it came out. I think the sole reason for that whole shit-coin hype that we had to witness in the last few months was because Elon Musk made tweets about Dogecoin. That was enough to make the Dogecoin price rise like crazy and this then lead to the shit-coin flood because a lot of people wanted to create fast and easy money without any effort. I think this took away attention and also trading volume from a lot of good projects.
Thank god the shit-coin hype is slowly but surely dying now and i hope that in a few months only a handful of them will be left, because most of them are dead within a few days now.