The early stage of a bull market is always slow for altcoins. The explosion of memes is partly due to trending narratives and partly to attract new retail investors. However, the purpose of valuable altcoins is still to harvest retail investors. Therefore, memes generate quick profits, and ultimately most people choose memes because they will be harvested. After the first wave of memes, the market will experience a correction. When greed turns into fear, valuable altcoins may slowly begin to emerge.