The total market value of memecoin projects has increased by over 400% in the last year. (CoinMarketCap)
➖The memecoin sector is growing, but apart from well-known memecoins such as $DOGE, $BONK, $PEPE, $FLOKI, $SHIB, there are very few memecoin projects that can benefit from this potential.
The biggest problem of memecoin projects is that they cannot be permanent. We also see that memecoins that attract great attention suddenly disappear. We are experiencing the most recent example of this in $PNUT. The price of #PNUT, which rose above $2 with a huge FOMO, fell to $0.3...
➖ The most notable memecoin of recent times was $TRUMP . TRUMP shook the entire cryptocurrency market. This token, which basically does not contribute to the blockchain ecosystem, made a big rise due to the popularity of the US President.
Remember that memecoins are a kind of fun and joke coins. Community support and interest in Memecoins is very important. When this interest and support is lost, it is doomed to disappear.
Do not forget this in your Memecoin purchase and sale transactions and make your choices according to your own research. #DYOR