This is the reason why people are moving away from memecoins as well. They have seen that as a way to make quick profit, but since it hasn't been a profit maker for a long time now, they are moving away from that. Why focus on something that will not make you a lot of money, when you could make a lot of money yourself via stuff that are a lot less risky?
If bitcoins returns matches shibas, what’s the point of investing into shiba? That started a chain reaction of people moving away from memecoins, and the reason why most of them dropped rank as well, dropping in price is normal during bear markets but dropping rank means you are doing even worse.
A lot of people in the market are desperate to get the kind of opportunity that the early adopters got. So, because of that they tend to move away from Bitcoin because they believe that it wouldn’t make them as much profit as they would make from the new cryptocurrencies in the market today.If bitcoins returns matches shibas, what’s the point of investing into shiba? That started a chain reaction of people moving away from memecoins, and the reason why most of them dropped rank as well, dropping in price is normal during bear markets but dropping rank means you are doing even worse.
So, most of them would always invest in meme coins and other sorts of tokens that are still new and they believe that it can go about 5 to 10 times within few months and make them as much profit like they would have made if they invested in Bitcoin in the early years like 2009 to 2013 and subsequently.
