I'm new in the crypto space and understanding different crypto projects. While the majority of cryptocurrencies I have studied about have some kind of a solution to the existing problem in Web 3.0, DeFi, etc. Recently, I studied Polygon MATIC, which is solving the problem of high gas fees on the Ethereum-based apps.
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?
There is another new meme coin called SNEK, based on Cardano. What impact these meme coins will create in the crypto space?
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.
Actually can be said in Cryptocurrency world with the 100% guarantee that what will be happening in future with any kind of projects. But in case of Meme coin my personal opinion is that the meme coin is not good place for long-term investment so I don't think that meme coins have any bright future. Even then many meme coin are now doing well I also do not find the people behind these meme coins very favorable, and for this reason I always refrain from investing in meme coins.