With the rise of Doge Coin, there have been countless MEME coins launch on different platform.
What are you thoughts on meme coins? Are they bad for the industry? Or Are they a gateway drug for newbies to enter the game?
Meme coins have flooded the entire crypto market, and most of them are running on BSC since its just like eth blockchain with lesser gas fees, from my point of view meme coins makes the crypto sphere crowded and it makes it feel like a joke, not forgetting the hundreds or thousands of investors who may have lost their money to one shit or the other, shitcoin makes the crypto industry look like a shit show honestly.
Also, most of these meme tokens are created for the sake of the dev team's pockets.
You will observe that most of them have actually no use case whatsoever.
Just riding the hype and trying their luck if they can follow the footsteps of SHIB.
But in my opinion, SHIB is slowly losing its grip as the price is going down.
Won't be surprised if in the very near future SHIB will be abandoned project.
So be very cautious when touching any meme token, their lifespan is very questionable.