Why meme coins are so popular?
Frankly speaking, they are called bad for a reason. There are pros and cons to this, but I will write about this later. I remember the times when this trend was just beginning to emerge. The first dog memes DOGE, SHIBA appeared. The projects had no foundation, just an idea, just a meme and nothing more. But something amazing happens. If you were around during those times, you remember how meme coins rose sharply in price. Of course, then they fell sharply down with the same success, but few people want to think about this. Positive news, the crowd effect did their job. A considerable number of people began to enter these projects expecting billions of x, but the miracle did not happen. As a result, disappointment and accusations of conspiracies from everyone around, the entire market was set against 100 dollars of conditional Vlad, James and Lena.
In 2024, Pumpfun was launched, which became popular due to the ease of launching its tokens. And the crowd rushed there. Memes begin to pump money out of the crowd. The greed of the entire sector leads to even greater popularity of the platform. New meme casino. And the feeling that everyone around is making money, there are no deposit losses and life has just begun. Oh, these wet dreams that crash on the rocks of reality. I read an article that a big plus is "attracting new liquidity to the market." I don't see anything good in this, I don't think such liquidity affects the development of the direction globally and will not remain in the market for long. Will new people stay? Of course, those who have earned or those who are already sick. Without the "maturation" of a trader, this money will evaporate as quickly as it appeared. For myself, I find projects with a foundation interesting. Buffett's approach is close to my spirit, when you buy not a share, but a part of a business.
