Why are meme tokens stealing the spotlight and outright overshadowing other projects? š¤
1. Attention is Key š: In today's era, where thousands of tokens are birthed daily and the market's flooded with hundreds of thousands, perhaps even over a million tokens, investors' gaze flits from one headline to the next.
Meme tokens, with their larger, brighter, and louder banners, inevitably draw more eyes than their conventional counterparts.
2. The Narrative of Price šø: It doesnāt matter how revolutionary your project might be; it remains unseen and undiscovered if the price doesnāt soar.
Meme tokens, with their minor market caps, fresh charts, and vast supplies, find it easier to surge in valuation.
3. DeFi Fatigue š“: The market's saturated with countless identical L2 solutions and DEXs, each claiming marginal improvements or slightly better terms over the others.
Investors are weary of the same old pitches; meme tokens, with their high volatility and creativity, deliver a much-needed dose of excitement.
4. The Allure of Lore š: Stories of someone turning a modest Bitcoin investment into millions overnight or another "Random person" hitting the jackpot with a meme token purchase have captivated many.
Such tales fuel dreams of rapid success, driving people towards the most speculative bets.