Quote from: Gcrypto786 on Today at 04:09:24 AM

Quote from: #Greatest on January 19, 2024, 12:09:48 PM

The surge in meme coins has been wild, right? It's crazy how these coins like Dogecoin, Shiba Inu, and SafeMoon have gained so much attention and popularity. People are jumping on the meme coin bandwagon, hoping to catch the next big wave. But it's also important to be cautious and do your research before investing in these coins. The market can be quite volatile, and meme coins can be particularly risky. What are your thoughts on this whole meme coin frenzy?

Meme coins are created just for fun as they don't have any usecase and are not backed by any good motive. Meme coins are risky as well as considered high profit returns. I personally focus on PEPE when its price was low, but did not invested and the price suddenly pumped 10X or more, but now its again drops, which is a good chance for Meme lovers to invest.

I agree with you. Basically meme coins are created just for fun and they don't have any fundamentals. Only coins are created in the network and then attract people to buy them. Some meme coins are successful because they have strong communities. I don't know how the community formed but I think meme coins are highly speculative and we can't analyze meme coins to estimate their potential.