It's 2024 and since late 2023 it has mainly been shitcoins and dumb ass memes that people and degens have been capitalizing on for massive profit and thus this memecoins have huge communities and I believe it's this memes that are soaring the popularity of the SOL chain. I think some people might consider this deviation from what they want crypto to be which is a decentralization of many products which take power away from a centralized community and to the owners of these creations
I came across a project today that reminded me of the decentralization dream, Love Power Movement or LPM(funny name I know lol), It's one of those web3 artists and NFT marketplace where artists get t monetize their art and all but what's peculiar about this project is it had no presale or funding and it's purely pushed by the community. It's a really interesting one, I think the token lists on a few exchanges sometime this week
What do you guys think about this
If we talk about the time right now then you can say that meme coins are indirectly and somehow playing a very crucial and important part in the world of crypto.
If we talk about its positive aspects then it's that memecoins are making people to stick on crypto somehow as altcoins and Bitcoins is not in that much good form right now.
And it's negative impacts is that people are too much attracted to meme coins and in this way creativeness and usefulness will lose its value as people will enjoy investing in meme coins.