Why is everyone getting into meme coins?
Last year, several million meme coins were issued
This is why altcoins performed so poorly
It severely diluted the market
In the last six months, most altcoins have dropped by 90%
However, stablecoins like USDT and USDC have continued to grow
So where is all this money going?
The market is not lacking money; it is lacking confidence.
As more altcoins emerge
Funds will favor the top altcoins.