Exactly. People are only into "meme" coins because of the hype. They will invest in them, even if such coins are not meant to be held for a long time. The economics of "meme" coins alone, tells us they're nothing but "worthless junk". DOGE had its "lucky year" back in 2021 because of Elon Musk. But it's not doing so well lately.
Shiba Inu was created after Dogecoin "pumped" to almost $1. Coins like PEPE, Floki Inu, and BabyShibaInu came afterwards. And lets not forget about the recent ones such as BONK and WIF. Unless the USD (and similar currencies) lose value big time, don't expect Shiba Inu to go to $1 now nor in the future. Lets just buy and "hodl" BTC, and forget about the rest.
Shiba Inu was created after Dogecoin "pumped" to almost $1. Coins like PEPE, Floki Inu, and BabyShibaInu came afterwards. And lets not forget about the recent ones such as BONK and WIF. Unless the USD (and similar currencies) lose value big time, don't expect Shiba Inu to go to $1 now nor in the future. Lets just buy and "hodl" BTC, and forget about the rest.
the market of meme coin is becoming overly diluted too with money spread thin between the new meme coin and the old one making big increase for shiba inu and doge to be not most likely and the money just circulating around the newest meme coin because the volatility is huge trader seek to speculate from them more.
overall, I think shiba inu and doge will just stagnate with current price, even if BTC have another pump that could make it priced around $100k, most of the big meme coin will just keep stagnating.