TL; DR
Full story
Meme coins are weird.
But they are also very interesting, and they will almost certainly play a major role in the current/next bull run.
This is why:
Old meme coins (think DOGE, SHIB, etc.) started out as a joke, but at least pretended to have a roadmap and plan for the future to give people a reason to invest in them.
The new breed of meme coins are different: they just tell it how it is.
For example, Dogwifhat claims that the best thing about it is that it is “literally a dog in a hat” (see header photo 👆).
But meme coins are super important, because who invests in memes? Private investors.
And if Wall St Bets has taught us anything about retail investors, it’s that they have more power than most people realize.
Plus, the internet is literally built on memes!
Sure, the Internet is great when it comes to information, but it’s also great when it comes to entertainment.
Who wouldn’t want to put money into something they think is funny and could make them more money?
The hard part is how to choose the legitimate ones, and the ones that will eventually go to zero.
I wish we had one of those crystal balls!