Have memecoins becomes widely accepted?
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I don’t think so. Lots of people still feel strongly against memecoins and their existence here in the crypto world.
Are their used as electronic cash as you assume?
Actually I believe they might be being used more as a p2p currency because there’s not much congestion in their blockchains thus making the transaction fees cheaper than that in bitcoin. Although of course not a lot of memecoins breakthrough.