Memecoins are here to Stay – at Least the Price Action Says so
Cryptocurrencies made it big in 2021, and part of the credit for their recognition can be attributed to the wild popularity of meme coins . These meme coins overwhelmed investors with their returns, setting much-needed benchmarks for this entirely new ecosystem of cryptocurrencies. Dogecoin led the phenomenon, followed by many other similar coins including Shiba Inu. Market forces such as constant support from Elon Musk on Twitter and dedicated media coverage were accountable for their fair share of contributions as well. Today, meme coins account for a considerable portion of cryptocurrency investments and continue to get many new investors onboard every day. However, a wave of skepticism has started to circulate among investors regarding the future of these coins. And to a certain extent, it is justified. People are concerned if meme coins will exist in the future, and if they’re any worth at all. Don’t be surprised if you were thinking the same. But before you w...