There was a time when people used to like these meme tokens. It will be wrong if you say these are coins. But people started to believe that most of these tokens are scams. There is a reason behind it. Most of the token developers run away once their tokens get valuable. People loves these coins for a reason.
Don't really remember those times after everyone started copying DOGE, to be honest. Feels like all of them just trying to make a buck and not being honest.
Yup, when DOGE started a lot of coins just pop like a mushroom. They know that those coins aren't gonna get to the top, yet they still purchase it. Just for the sake of trend. I honestly don't know why do they love to fall into a scam like that.
quite funnily enough i've seen a share of people who are investing in meme coin, their first impression of these meme coin that appear after doge coin and that make them interested to invest is due to the fact that they are intrigued by many of these meme coin motto about being the next doge coin and reaching the same valuation and market capitalization of doge coin.
thats why they are so eager to invest in these coin even go so far of investing hundred if not thousands just into these meme coin which of course we all know how these gonna end up.
basically they are all gonna be losing money massively,but certainly their greed get the better of them.
Meme conis are fun, but I don't like and never trust meme coins. Meme coins exploit the volume in crypto markets, but they are a lure to enter crypto markets. It is one of the easiest ways to take money out of the pockets of uneducated people. Meme coins are highly volatile and subject to extreme value changes in very short periods of time. They usually have a large or unlimited supply. The value of meme coins is driven by the rumors surrounding the token. In fact, Memecoins have a dangerous side and can destabilize the balance of volume and cash flow in the market.
The high supply and volatility of meme coins make them more speculative than other cryptocurrencies. Elon Musk can tweet about Doge and cause its value to rise, or he can cause its value to fall rapidly. It's dangerous to follow and invest in a coin that is driven by one person. Remember, meme coins have a high potential to go viral and become obsolete quickly, so think carefully before investing.