The popularity of meme coins is growing exponentially. It looks like the NFT market is booming in 2021. We have all seen beautiful success stories on the same $PEPE coin, which in some way started this “shieldcoin bullrun”. The main feature of popularity is still considered to be high profits at low costs and a short period of time. Exactly the same as it was in its time with NFTs.
The treasured X100-X1000 attracts many cryptans. The effect of gambling addiction is obvious here. Just open Twitter and you will see many stories about colossal success and phenomenal failures.
It is worth understanding that volatility caused by hundreds of different reasons is not within the control of everyone who is trying to join this trend. Scam at every step is a distinctive feature of this area and separating a really good coin from the next honeypot is a huge experience.
These coins are an integral part of many blockchains. Grants are allocated for their development, and special platforms are created for their launch. Meme coins provide metrics and give chains confidence in front of investors and the community. It is no longer possible to imagine the cryptocurrency market without them.