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 agree with my observation that Pepe coins can be more serious like Shiba Inu, because like SHIB when it started we knew it was just for fun, but because it was enjoyed by the crypto community and the manipulators the wind blows differently. And went into serious planning.
So probably the same with PEPE coin in the future. I am not saying that anyone should invest in Pepe coin, of course invest at their own risk, this is just an observation from me that in my opinion the chances are high that it will be like SHIB. We also know what the traders base there and that is its daily volume, big community and liquidity level of meme coins. When all that is high, the traders will really enter it.