In the past few days, PEPE, a new meme coin, has gained massive attention in the community. But I actually didn't understand what could be its major objective. Is there any reason to say this meme coin will work for the betterment of the entire crypto and Web3 realm?
I don't understand why meme coins such as Dogecoin, Shiba Inu, and Pepe are so famous and why do people invest in them, wondering about the future of meme coins.
At least the existence of Meme Coins can stimulate innovation and experimentation in the crypto ecosystem. Their unconventional nature and the creative ideas they inspire encourage developers and entrepreneurs to explore new possibilities in the crypto space and Web3. This dynamic environment drives growth and progress in the wider crypto world.
However, it's important to approach meme coins with caution. The value can be highly volatile, and inexperienced investors may face financial losses.