What's your opinion on this? Do you think the "meme" coins craze will move the industry away from being a utilitarian one to a speculative one? Will the hype last forever? Do you think crypto will do fine with "meme" coins in the way?
Your input would be greatly appreciated. Thanks in advance.
I honestly don't like meme coins. I prefer if the coin or token is something that can be used in real cases. I see meme coins do not have any fundamentals but are just speculative coins. What makes meme coins still popular today is because of the narrative that someone can get rich overnight from meme coin projects. There are several cases where someone can earn millions of dollars from meme coins. But that is very rare and should be an early stage investor. Meme coin projects can be created by anyone because it is very possible for fraud or scams to occur. The price is also simply community driven and will be useless once pumped.Your input would be greatly appreciated. Thanks in advance.