There are thousands of coins with verious catageoies, so is for memecoin. I don't fully support memecoin cause because of memecoin hype, lots of people lost their capital and use to hate crypto. But its kind of okey if memecoin exist in Crypto industry cause there are lots of shitcoin too! Just need to avoid greed. And I don't usually buy any memecoin but recently WIF makes me focus on it and i trade it. That gave me profit, that's all.
It doesn't evem make sense you were only generalizing meme tokens here.
Do you actually forget this? As of right now, almost 2.4 million tokens are available and these tokens have been released to the market. Out of the thousands of cryptocurrency on the market, there will always be a few that are genuine. It has nothing to do with shitcoin tools. You seem not to even be aware of that. Shit tokens are becoming a common tool to turn a destitute guy into a fortune over night.
People were making huge investments in it since they thought they would one day become very wealthy. Memes have obviously been doing really well thus far. It has managed to amass over 60 billions in total market capitalization in spite of several accusations.
The number of investors in what some deemed to be worthless tokens is astounding. Nowadays, institutional investors are beginning to purchase the garbage tokens as well.
You have to know whether the trend is moving slowly but certainly. Those coins that have been trading at a very high price are not necessarily reliable. That will be really detrimental to you.