It's true that people always have interested in memecoin. I heard many strange memecoin names. i avoided those and was launching at corner. But it seems revolution happened in memeocin industry in the start of 2023. In that yeat, a lots of memecoin had come in crypto market and made people millionaire. Pepe, Bonk, Meme and so on. and in 2024 WIF and BOME again have created hype and made people millionaire again. Now memecoins are in demand due to the possibility of higher returns. And it makes people crazy. What's your opinion about this?
Because of its low price at its early stage and when the project becomes popular in the future, the price will likely spike, people are hyped to buy each of them at their budget because they can afford it and they can't afford to lose the chance to buy it while it's still at its lower price. But when things like this happen in the crypto industry, you can see most people look for it as the scammers use this opportunity to create their pump-and-dump meme coin as well to fool the other newbie investors and lure them to invest their fake memecoins that have no future development or whatsoever.