- Do you support the existence of memecoin in the crypto market?
Yes, I support the existence of memecoins because the crypto market remains active even during bear markets. For me, memecoins add an element that prevents the crypto world from becoming dull. Imagine a crypto space without memecoins, everything would be too serious and monotonous. That's why I believe memecoins will continue to have a presence in the crypto world. It's up to us to decide if we're willing to face the risks associated with memecoins when considering investing in them.
Whether we like it or not meme coin makes a large part of current crypto volume. They are a force worth reckoning.
So, I'd say I support meme coin as they have kept crypto popular and brought in a large number of new people and new funds to the market.
I have for several times invested in meme tokens. I had invested and held on Dogecoin in the past but I don't hold it now. The most hodled memecoin by me at the moment is Pepe, followed by Popcat. The meme trend has shifted towards Solana network so I'll be looking for more Solana memecoin in the future.