With #Bitcoin falling below 59K, the market experienced another new shock. In addition to memecoins such as $DOGE , $SHIB , BONK, memecoins such as WUFI and $DOGS were also affected by this decline. So after such sharp declines, are memecoins the address of easy earnings?

#Memecoin is cryptocurrencies based on popular jokes or viral topics inspired by internet culture. Often without a specific purpose, these coins are created for entertainment or community building. However, the popularity of Dogecoin and the subsequent Shiba Inu made memecoins globally recognised.

Even now, memecoins, which have a serious marketcap, have become phenomena that can shape the market. In particular, the values of memecoins, whose first listings were Binance, increased significantly. For example: #DOGSONBINANCE currently has a CMC ranking of 88 and a market cap of approximately $648.26M.

Memecoins offer both great risks and great opportunities for investors because they have high volatility. My investment strategy prioritises long-term gains. Therefore, my portfolio includes memecoins such as DOGE, SHIB, and BONK. On the other hand, I hold memecoins like MEME, WUFI, and DOGS for short-term opportunities.

WUFI: I bought it as an airdrop because I own the WAXP token. It is traded on Solana, TON, Base and WAX networks. I do not plan to sell it now, especially since I expect the meme coins in the Solana network to move in the bull market. It is not yet listed on Binance.

DOGS: The memecoin of the Telegram community and has received serious support from the community. DOGS also costs me zero. Since I am a 5-year Telegram user, I bought it as an airdrop. and of course its first listing was on many major exchanges, including Binance. Considering the purpose of DOGS and its supporters, I think it will definitely become an important part of the #TON ecosystem.

Although today's market makes us despair, we have all seen how memecoins can rise rapidly under the influence of social media. However, it is essential to be careful when investing in these coins. Every transaction in the cryptocurrency market involves risk, but especially when trading in memecoins that have no purpose, keep in mind that your investment may never return. With sound analysis and strategy, risks can be minimised and long-term gains can be made. Remember, always DYOR.

I would say that memecoins have had both positive and negative effects on the mass adoption of blockchain technology. The first coins that many new investors, including people in my close circle, bought were memecoins such as DOGE and SHIB. Especially ATH, which came after Elon Musk's first posts about Dogecoin, attracted many people.

But there was something to be careful about here. Speculative effect... Especially if a coin reaches its highest level in history with the words of one person, they should also consider that this peak can fall to the bottom with a share. Yes, these declines were not felt excessively in DOGE, but many novice, unconscious investor thought that they could catch the opportunities they missed in memecoins such as DOGE, SHIB, BONK or FLOKI in other unproven memecoins. Without doing any research, they started to trade in memecoins that did not have data that would allow for further analysis, believing in the shares of influencers on social media, and many of them lost their money... These types of negative experiences started to create question marks in people's minds.

Based on my experience in @DAO Labs #SocialMining projects, I have seen very clearly that the success of blockchain projects depends on strong and conscious communities. A strong community not only provides liquidity support, but also ensures that the mission and goals of the project are properly understood and conscious steps are taken to achieve these goals. This is what DAOs are for. Community support may be important for the sustainability of projects like Memecoins, but I think it is much more important that this support is conscious and knowledge-based.