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?
MEME coins are risky, but they do yield profits and its pretty cheap so I think its natural that people flock towards it. There are alot of altcoins like this.
Though this statement is correct, but the risk associated with it are way too great compared to other alts that has a real use cases. It could be cheap, but the chances for most of the meme coin to succeed are almost nothing. This is the same reason why a lot of people are chasing for profit against memecoin and that is how the memecoin hype was created, because people wants to have the easiest and fastest route to earn money. I am quite sure the hype wont end sooner as long as there are still a lot of people who are chasing easy money.