Lately, the trend in the crypto world has started to shift towards meme coins. These coins may have initially been looked down upon, considered as just "toys" in the market. However, over time, people have become more interested in meme coins because, uniquely, their direction of movement is clearerโeither they will pump all the way out or dump all the way out.
Why are meme coins so popular? One of the reasons is because they are transparent! There is not much built behind "promises" and long "roadmaps" like most altcoins. Just look at some of the hyped examples like Dogecoin or Shiba Inu; even though there is no major utility, everyone understands, the goal is pure hype! People buy knowing the risks, without expecting sweet promises.
It's a different story if we discuss some altcoins that are said to have strong fundamentals but end up disappointing. For example, REEF was widely discussed because it was said to have a big vision for DeFi. But the reality? After being waited for, its performance was not comparable to expectations until it was finally delisted from Binance. Not only REEF, there are also many other altcoins that are the same, creating a long roadmap drama, but the results are nil.
So, it's no wonder that people are now starting to look at meme coins. People like things that are clear: if it goes up, we get the profit; if it goes down, that's it, no need for drama! Meme coins are an option for those who are looking for fun and understand the risks, without being lulled by promises.
So what is your favorite Meme Coin? Write it in the comments column.
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