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?
I am confident to say that the hugest return that I've realised in my crypto activities was through the meme coins, and practically, I have the same belief in meme coins because the cryptocurrency industry itself is a virtual industry that is being made valuable due to people's money. For this, how are meme coins different from other coins linked with some projects? The reality of what we see now speaks volumes, and it was mainly the dominance of the likes of Dogecoin, Shib, Pepe, Floki and others initially, but when these meme coins were unable to live up to expectations after the last bull run coupled with the magnitude at which they dropped, it created fear in the minds of people, so they relaxed in them.
This is even as many meme coins created later did not perform up to expectations. This was a huge discouragement for people, but thanks to the upgrade and higher scalability in the Solala ecosystem, this did not only help Solana but also the projects listed in it. No wonder the likes of BONK, BOME, WIF and others performed so well. Solana actually made this happen, so I expect nothing less, and now, many projects are being listed on the Solana ecosystem and I advise everyone to be on the lookout for it as it is where bias has shifted lately.
Due to this, meme coin or not, it has a high likelihood of performing well with the Solana ecosystem.