Governments frequently misunderstand bitcoin innovation.
This impression arises from the disproportionate bans and regulations they enact.
Although occasionally the bitcoin regulations appear unreasonable, I posit that bitcoin is not as detrimental as suggested. Please correct me if I am wrong.
The ones you mentioned that are meme coins may be shitcoins in the eyes of the majority of the community here in the crypto space, but it cannot be denied that they are listed on the top exchanges in the crypto market. The question is, why is that?
That's because even if we say they're shitcoins or high if there are whales that control or manipulate them, if you don't go along, you'll be left behind for sure in the end. Because there are other non-shitcoins in the eyes of other communities here, but the non-shitcoins have not reached what those shitcoins have reached.