Memecoins have recently been far from their former glory days. Memecoins, which have experienced sharp declines in current conditions, have also upset their investors.
While many investors are losing money, CoinGecko founder Bobby Ong said that memecoins will return to their good old days.
These Three Ended the Memecoin Craze!
Stating that the Meemcoin craze was brought to an end by failed launches and “rug pull” cases, Ong said that these events significantly reduced investors’ interest in memecoins.
Stating that memecoins named TRUMP, MELANIA and LIBRA have reduced investor interest, Ong stated that these three have ended the memecoin craze:
“The launch of TRUMP and MELANIA marked the peak for memecoins as they absorbed the liquidity and attention of all other cryptocurrencies.
If the launch of these two coins wasn’t enough to end the memecoin craze, LIBRA was the final nail in the coffin, shattering the illusion that memecoins were a fair launch to expose the secret organizations and insiders who profit off the backs of almost everyone.”
DOGE, SHIB, BONK Proved Themselves!
Memecoins will always be seasonal and cyclical in nature, Ong said, but some will emerge strongly from market fluctuations.
Ong, who believes that almost all memecoins will disappear, leaving only a few remaining, said, “The most popular memecoins, such as Dogecoin (DOGE), SHIB, and BONK, have successfully weathered market cycles. And they have taught lessons to memecoin creators who want to launch long-term assets. Because the most successful memes are those that manage to build communities that are highly engaged, non-selling, and able to create content or stories organically.”
*This is not investment advice.
