So far, 2024 can be termed the Year of Memecoins, following in the footsteps of 2021 when Shiba and Doge made a name for themselves.
The meme trend is one of the longest-running trends in the industry, and it is still going strong. The market aggregators have created a section for them, and they are going to continue; we don't know when these developers will stop creating new schemes, but as long as the support is there, memes will continue to make their presence felt in the industry.Quote
Despite numerous rug pulls this year, we've seen some decent runs in memecoins. POPCAT recently reached a billion-dollar market cap, while MEW, MYRO, BRETT, and WIF have all hit triple figures in market cap since their launches
Investing in memes is like a box of chocolates. You never know what you're going to get. It's like a lottery. You never know if you will hit the jackpot or lose your investment, so investors and supporters of these memes should only invest money that they can afford to lose.
