Meme tokens started as funny internet stuff, but they are turning into serious business with real communities behind them. $Opium, with its cool idea and excited supporters, seems like it's going to be a standout meme token. It's more than just a joke; it's a movement.
It's because of one man, Elon Musk, he is the one who started this trend since he shills it, and as long as he keeps shilling and backing Dogecoin more meme coins will follow, AI is a new trend but the meme coins still remain because Elon keeps his support to meme coin headed by Dogecoin, there's still no end to this meme coin trend because Elon is planning to add Doge to Xtwitter.
Dogecoin used to be a joke or funny coin now it has the potential to overtake some of the top coins in the market as long as it has Elon Musk's support.
Not just Elon but because of other investors as well who likes to ride the wave or trend. There’s really nothing wrong from doing so as long as you know your numbers. Meme tokens are mostly not having utility to sustain the demand. Most of the time its market price movement is dependent with big investors which makes its market price more volatile than the others. Even with memetokens after $PEPE, investors are expecting of the same price movement disregarding the fact that many tokens of such concept have failed and only a few were recognized in this industry. I personally have no holdings of memetokens ‘coz I cannot see it as a sustainable coin to be held for years. I’d rather snipe new projects ‘coz I think it is easier to tell whether it would be profitable or not than with meme tokens.