When mentioning memecoin, most people immediately think of something funny, worthless and extremely risky
Those who are passionate see this as a specialty of the Crypto market that is not available anywhere else
However, it must be recognized that Memecoin has now gone beyond being a joke and plays a role in attracting cash flow into crypto that no ecosystem can ignore.
Avalanche has just announced that it will pour money into memecoin, considering this an important part, representing the collective culture of the Crypto community.
Other systems are no less competitive, each system leaves room for memes:
- Ethereum has SHIB, PEPE
- Solana has BONK
- Cardano has SNEK
- Base has TOSHI
- Arbitrum has NOLA
- Avalanche has COQ
- Sei has SEIYAN
- Injective has NINJA
- Near has NEKO
….
Most were born "for fun" but some thanks to support from the community turned to work as a real project, typically Shiba Inu with Shibaswap & Shibarium
However, most are still short-term trends with a high Scam rate, so be very careful when pouring money into this segment, especially emerging projects with small capitalization.