Personally I had always remained away from meme coins because I think they are a joke. But recent performance of some of the meme coins got me thinking.
Why is there such a big uptrend in these meme coin prices ?
The cryptocurrency market is now saturated (in the sense that there are many platforms that are very compatible with sharing chains and many applications that are easy and affordable for everyone in the cryptocurrency space), so those who have a lot of funds definitely just want to play for fun but make money .
Maybe it could be said like this, they already have Bitcoin, they already have Ethereum, they already have DOGE and finally those who have large funds create new Meme coins so that they increase many times over and generate more profits.
Just look now at the PEPE coin which has risen very quickly in just a few days and this PEPE coin was created just for entertainment only.
Is any of these coins a good investment opportunity. If yes, why do you feel so ?
For the PEPE coin, I'm not sure whether it's a good coin or not, but I tend to like the DOGE and SHIBA coins more because:
-DOGE is the first Meme coin that is widely traded in all markets and is the first Meme coin to have a very large market cap.
-SHIBA with the Doge principle, this Killer coin is a coin created by the Anonymous team and of course this SHIBA coin also has many features that I like such as BONE, LEASH , SHIBA Magazine etc.