The Meme Coin Frenzy Returns, How Much Longer Can PEPE and WIF Rise?
In 2024, Meme coins once again become the focus of the market, with coins like Pepe (PEPE) and Dogwifhat (WIF) seeing increases of over 1000%. These types of tokens rely on community consensus and social media popularity, lacking practical use cases, but speculation demand is strong. Some traders have made substantial short-term profits, but historical experience shows that Meme coins often experience severe corrections after skyrocketing. Investors need to be wary of liquidity traps and avoid becoming the 'last one holding the bag.' In the future, the ability to convert popularity into practical scenarios (such as NFTs and social applications) will determine their lifecycle.