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?
The demand of meme coin is as a result of hype in n the market because of the money a lot of people make from it. And many people are forgetting that hype is not constant and these coins will fade with time.
FOMO is happening recently due to the Bitcoin halving anticipation, and this little correction alone has chase a lot of people out of market b cause their expectations are much and they are not patient enough to hold and altcoins are not reliable.
Only people that invested early in meme coins have the opportunity to earn a lot from it, others are just there to manage the little they will get because early investors that take the risk are always the ones with the huge profit.