Memecoin trend just started, a number of memeocins fans interesting rapidly that you can't imagine. Cause you can see the price about pepe, wif or many more memeocin what change a people future and that's why people keep trying the luck with memecoins and it won't stop soon. Rather you'll see the fever of memeocins will increase with time cause everyone want to quick money Which is possible with memecoins only.
Meme token has become a new way for people to be the next millionaire. Imagine by investing around 1k USD and your token gets multiplied like 1x times and you will be able to get 1 millions USD. Imagine if such a thing will happen to you. No doubt that if people are massively investing in the meme token at this moment.
The weirdest thing is that if there are still people who cannot accept that fact if meme token has been even worthy compared to the utility token at this moment. Meme token will be last forever as long as there are still crypto exists in the market.
Even some meme tokens have more than 5 billions marketcap. Imagine such valuation owned by a token that called as useless token. If we are not even following the trend and how can we become the rich person?
People have been performing very well. It's always growing up even higher. Im still expecting a huge increase to happen with meme token soon.
I see them as useless as most of the other tokens and coins. But narrative why people buy them differs from coins that trying to solve something. Because meme's aren't really trying to be anything else then they are, they are not offering solutions, but sort of change to rebel against normal markets, like old bitcoiners, when suits were laughing at it. Even though bitcoin has real fundamentals, i see the rebelliious part similar.
Meme tokens customer base seems to be people who are rebels, or just bored of old market narratives and more interested about "casino markets". Because while most of them die and new ones come and die after that, the ones that keep on surviving are like this weird essence of everything that's wrong with markets. They are absurd examples of something that shouldn't work and keep on working. They are mocking the tokens and coins that were marketed as "real" utility tokens. Real utility world changing "decentralized" tokens that didn't have point in the first place. Never will have a purpose, and are slowly dying. So why wouldn't i invest in some lowcap or use mature meme tokens as a currency, just for the meme value and laughs.