In recent time i noticed such thing that in every new project or old project announced meme contest. Where they give such big amount in community for making memes about their project . Now what do you think is this memes really can attract investors?
yeah, it can attract more investors because memes are marketing material. usually, this kind of contest requires the contestants to share their memes on social media. it surely can boost the brand awareness of the project itself.
No I don't believe that. Actually, I would say that memes kinda humiliate their subject, at least from my perspective. Dogecoin is the only exception since it's a meme itself. I still don't get how the hell did that crypto go that far. People sometimes just want to repeat a significant event with the belief that it will succeed. Accept it, no first crypto adopters will have the same luck as the bitcoin's ones!
Anyway, I went a little off-topic. Forgive me.
There is a bunch of meme coin in this crypto space. and yes, doge is the oldest and strongest meme coin.
Besides dogecoin, there are banano and nyancoin which has popularity too. nyancoin is not active anymore, but banano community is one of the biggest among meme coin.