The current crypto space is witnessing a surge in AI, Layer-2 solutions, and, of course, Memecoins. But this time feels different. Memecoin mania is trending, potentially reaching a hundred-billion-dollar market. What began as a community joke with Dogecoin has exploded into a whirlwind of dog, cat, and frog tokens, even sparking a frenzy of presidential candidate tokens among “degenerates” (Degens) worldwide. While this might be normal in the crypto world, it’s far from mainstream. Don’t expect financial TV shows or Wall Street speculators to throw millions at something based on a joke. It’s also not something any financial advisor would recommend.
Investing or Gambling?
If you’re into memecoins, be clear: YOU’RE NOT INVESTING. Most people (hopefully) are either in on the joke or trying to make a quick buck through trading trying to get 10-100x gains in a short period, the other side is losing everything just as quickly. Memecoins are all about hype, not fundamentals or common sense. Betting on sports might offer similar odds to striking it rich with “Pooh,” “Pepe,” “Dogelon Mars,” and countless other tokens. If you’re a Degen willing to spend a few bucks on something purely for fun can go for it! We can’t predict the future, and some projects, like Shiba Inu, are attempting to build a real memecoin ecosystem, potentially offering a decent chance of success. However, even then, the usability would need to be significant and compete with established serious chains and ecosystems. Not to mention 92% are mainly just scams.
Memecoins could bring more mainstream adoption due to their affordability and the ease of creation with applications like Solana’s Pump.fun. However, let’s be realistic: anyone with a basic understanding of investing would likely react with confusion. I see Memecoins as a fun way to enter the crypto space without taking it too seriously and to connect with a community that could lead to further exploration. But don’t expect to become a “Memecoin Millionaire.” While anyone can get lucky and make money during a market surge, even top coins like Bitcoin and Ethereum are highly volatile, making consistent gains extremely difficult. Memecoins are doubly so. So, what is the best approach? Only spend what you’re comfortable losing and understand the underlying joke and community (if one exists).
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