Why Meme Coins are so Popular?

[nomad]

If you check top 25 coins by market cap, you will see that 3 coins are meme coins, Dogecoin is on the 8th position, shib is on 12th position, and pepe is in the 21st position. Why are meme coins so popular?

 

[King Belieal]

I don't know what market cap is in terms of the value of crypto. But meme coins have no real value. That, I can assure anyone.

 

[Suba]

What I know is why meme coins are very popular because the total supply is very, very large at very, very cheap prices, such as the current price of SHIB is only $0.00002430, influence and endorsements from communities and influencers.

 

[eldavis]

Is there still hope for doge coin to go up? Most people are giving up on it.

 

[Stardom22]

That is because the meme coins are very cheap to get for that matter.

 

[Fidelia]

I think meme coins are very popular because they don't require very huge amounts of money to start investing in them. Their prices are generally low and they provide the baseline for crypto novices to start crypto investments.

 

[Rubz]

I honestly do not know why meme coins are popular. Before now, i used to think that people hardly invest or trade in meme coins but it seems they do.

 

[Stardom22]

For me l have seen that recently, the most trending memecoin can be the DOGS for sure.

 

[IB D]

Meme coins are always generated from the interest a community largely has on a meme. It is always already popular before it starts.

 

[Passiveearner]

Well, perhaps they are so popular because they may be serving a specific purpose. Other than that, they may have a good market capitalisation. For example, Shiba inu coin has a good market capitalization.

 

[Ratine]

Because they tend yo make some people cryptocurrency investors to the most potential millionaires

 

[Passiveearner]

Not all meme coins are that popular. Certain meme coins such as Shiba Inu are truly popular coins.

 

[Ratine]

I think that memecoins have a really place on the cryptocurrency network currently for that matter.