#squid The squid has been washed for three years, how wide is it horizontally; how long is it vertically

Meme coins are a unique phenomenon in the cryptocurrency market, often relying on the popularity of social media and the influence of celebrities, especially the impact of Elon Musk's tweets. Starting with Dogecoin, Musk made this originally useless cryptocurrency go viral, triggering the rapid rise of other meme coins like Baby Doge and Shiba Inu. However, whether meme coins have long-term prospects still requires calm analysis.

Firstly, Dogecoin is currently one of the most successful meme coins. It has greatly benefited from Musk's support and is even accepted as a payment method by some merchants. However, its intrinsic value is limited, mainly relying on community enthusiasm to maintain price stability. Similarly, Shiba Inu and Baby Doge also depend on community power, but they attempt to build ecosystems, such as Shiba Inu's NFT market and decentralized trading platform, which slightly enhances their practicality.

Pepe coin and Squid coin represent two extremes of meme coins. Pepe coin purely relies on meme culture to attract investors, and may perform well in the short term, but lacks a sustainable application base. On the other hand, Squid coin initially fell into a slump due to controversy, but its community has shown strong rebuilding capabilities and is actively exploring gamification applications and charitable projects. If these efforts can continue, Squid coin may stand out and become a dark horse among meme coins.

Overall, the prospects of meme coins depend on whether they can transform from mere hype to cryptocurrencies with practical application value. If they can convert community power into long-term development momentum, such as providing innovative financial tools or services, then the future is promising; otherwise, the fate of meme coins may only be a fleeting speculative game.