When it comes to memecoins, it needs to be mentioned: Most "Memecoins" are not even coins, most "Memecoins" are tokens.
Often, it is just a marketing move to designate a crypto asset as "Coin" but in reality, it's a token.
A coin is based on its own, unique Blockchain, like Bitcoin, Litecoin or Dogecoin
A token is based on an existing Blockchain, like Ethereum tokens (for most ICOs) or based on BNB (for many Memecoins).
And today, most "Memecoins" are not even coins, most "Memecoins" are tokens. Keep in mind when investing.
Yeah but I think it's the most advanced and till now the most successful marketing strategy so far. People are very much attracted to these kind of meme coins and when they invest in meme coin they get to know that their performance depends upon the real project of whose the meme coins is.
Now what happens that people start to take interest into the main project because of its linkage to meme coins and in this way meme coins market the real project.