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?
While memecoins can be entertaining and potentially profitable, investors should exercise caution. It's crucial to research each project thoroughly before investing, even if there's no formal whitepaper or roadmap. Look for transparency, strong community support, and a clear use case