In the time past, we have seen how DOGE has led all memecoins to be the first to compete with other real usecase tokens before we have the likes for SHIBA Inu and other dog memes and as though that was not enough, the attention was shifted to Sol memes and we saw how Bome took the attention of the internet and by extension, it became DOGS, and just when I thought that the hype will die down since its a meme coin, I saw again CATE, a meme feline which is the best friend to the famous $DOGE and now extends a paw of friendship to $NEIRO is coming up and the next question I asked myself was, are memecoins trying to take over from the real world useful coins?
That's how memecoins work, they are just hype and excitement for a moment, from time to time there will always be new memecoins that have a strong community. So what about old memecoins that no longer have any hype? they will remain there and without further development, people will buy them purely for speculative purposes.
So will memecoins take over coins/tokens that have a real use-case? that's impossible, because the crypto public knows what is useful and what is just a wave of hype.