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?
Something I've learned in all these years that I've been in this crypto market is that as long as there's something that causes a big price increase, people will keep buying that thing. By that I mean that as long as meme coins keep giving high returns, they won't die any time soon, they could even last 10 years if necessary. Now, if something comes along that can make a quicker profit, then people will give up on meme altcoins and put money into this new thing. It's always been like that in this market. In 2017, there were ICOs, and many people sold everything they had in the real world to invest in ICOs because they wanted to make 10x profits quickly. Then ICOs failed and other things like DEFI came along and again people sold everything they had in the real world to invest in Defi. That's why I say that as long as there's nothing else that gets a lot of attention, memes can survive for many years, unfortunately.