- Do you support the existence of memecoin in the crypto market?
We can not deny the great impact of some memecoins in the entire community such as pepe, doge, shiba and others
Memecoins are often backed by a community who are using the meme where the coin emerged from so you know that it will get some attention which is a good thing
However most of memecoins are created just for fun and are often considered useless or not really having any utility therefore when it is launched it does not really get any value well there are also a lot of altcoins out there that do not have much utility and do not get value after launched
Nonetheless i see no harm in memecoins it is up to ourselves to do our own research and make sure to invest only in potentially good projects