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The original was posted on /r/cryptocurrency by /u/steavus on 2023-08-11 15:10:09.
Meme coins are anything but a joke. They drive in a very large audience that maybe never would have gotten into cryptocurrency without it. Maybe It’s time we started taking meme coins more seriously. Not the coin itself but the effect these assets, excellerated by social media hype and born out of internet culture, attract a flood of newcomers to crypto. At this point we have 2 meme coins in the top 20 (Doge and HIB), which means there are alot of investors willing to put money in these projects.
The allure of the coins are not only the possibilty of making a quick profit, but more the hope because they think they missed the boat with BTC. Its a easy recognizable project in combinatie with all the successtorys they hear.
None of this is to suggest that investing in meme coins is wise. In fact, the best thing that could happen, is that a newcomer to crypto brought in by a meme coin will learn about the true innovation happening and starts becoming a active participant in the cryptoworld.
Its our duty to try and educate these people, so they can become a active participant in this world. Another usecase for moons and r/CryptoCurrency which brings alot of people together and educate.