Meme coins are useless and they have no long term prospects. One thing good about them is that they are honest with the fact that they are useless.
What Musk did to Doge coin was manipulation.
Although, I accept I have used Dogecoin often due to it's minimal transaction fees, but that's all there is to it.
yeah they are honest and still people are over glorifying it, the meme coin in general exist for fun don't expect meaningful profit except someone is just went all in and opens up the possibility of going bankrupt.
regardless though there's no proof that musk is manipulating doge coin, some people might say that his attempt to create many tweets might be attempt of manipulation but im not so sure, mainly because he's just shilling and not really playing into the market.
but right now his influence has finally subsided, i don't think he has that much power again to influence, moreover the trend of meme coin has also fading, i don't believe any meme coin will repeat the feat of doge and shiba inu again.
achieving that much of a market capitalization increase is not such easy feat, moreover too much meme coin having high market capitalization one might be confused where the money will be flowing in from.
