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.
I have been involved in trading for a long time but I always invest in good and solid projects,and for trading I often choose strong coins. It is true that the meme token pepe has gained a lot of value, but if we talk about its future, it does not see any use case in the future.
Doge is popular because Elon musk like this token, and because of this, the price of this token keeps increasing.Shiba innu when it first came, it also gave good profits to many people, which is why it is still very popular, but many people were also harmed.
Because these meme coins are very risky. Most of the people take them before the startup is launched, but later the capital of those who enter gets stuck.
The future of these coins is not visible but a good timing entry can give you profit. Entry in these tokens should be taken only on a temporary basis