I have been following Meme coins for a long time since the first one Dogecoin started out as a joke. Like the majority of people involved with crypto a that time I decided to completely ignore Doge as I strongly believed that a coin started as a parody without any use cases will never survive long term. Doge continued to rise over the years and this led to creation of hundreds of memecoins across different blockchains. I decided to be stubborn and continued to stay away from all memecoins.
I had to take a moment to question my logic when I saw that Doge had enetred the top 10 coins by market cap and was worth more than $15 Billion. Yes, I also had to double check that it was not million but actually billion with a B.
It made me realize that crypto is unlike the tranditional markets, here the trends do not follow rationality. While most of the coins I had accumulated after hours of what I considered serious research and analysis were struggling to keep up and many had just died out the memecoins were flourishing.
Why Do MemeCoins Keep Pumping?
It is true that blockchain as a technology is a complex thing and was designed by a bunch of brilliant nerds. Satoshi whoever he is was really intelligent with top 0.1% IQ but the ground reality was that for crypto to gain mass adoption it needed…
