What's your opinion on this? Do you think the "meme" coins craze will move the industry away from being a utilitarian one to a speculative one? Will the hype last forever? Do you think crypto will do fine with "meme" coins in the way?
These memes have enthusiasts interested in them, most of whom are now looking only for one utility, which is speculation that through these memes they could make huge profits and double their capital, which may reach 100x. You may see that their investment view tends to be greed, but this is their decision in these coins regardless to their disadvantages and the huge risks that they might face. and this is due to the dominance of many of the memcoins in the market cap and adherence to the upward trend, and I do not think that the hype may continue forever where you find for years that there are coins that have appeared and coins have disappeared and remained dormant until now.
I do not think that the crypto market will be fine, as it is prone to scams. as about 98% of the memecoins can be bought but cannot be sold if they are not listed on CEX platforms and the demand for promising altcoins will decrease, after investors abandon them and withdraw their capital, shifting to these memecoins, also I found that the Solana Network became crowded and its fees increased compared to before due the presence of these coins that were built on its network.