Before this year 2023, people were launching projects with whitepaper, roadmap and promote those projects with Their team. Memecoins were few but this year, situation is changed. Everybody is busy launching memecoins, no whitepaper, no roadmap. 8 projects are memecoin out of 10 projects.
It seems, this year will be full of memecoins. What do you think? Why memecoin launching is increasing so much in this year?
I think the rise of memecoins without proper whitepapers and roadmaps is concerning. It could lead to a lot of scams and unsustainable projects flooding the market. I miss the days when projects had more substance and transparency.