Memecoins are becoming increasingly popular, and while many analysts and experts like CZ are concerned about Memecoins; however, the popularity of memecoins are increasing, and their importance has been acknowledged by the cryptoverse.

Memecoins are acknowledged

     The history of memecoins began in the Satoshi era to mock Bitcoin. While most people ignored it, one memecoin, Dogecoin, received the support of billionaire Elon Musk, and its seriousness was recognised by the cryptoverse since that time.

     Memecoins have also proven beneficial in transforming serious platforms in the cryptoverse from weak to well. For example, when the FTX empire collapsed, it finished several platforms where it had huge investments; at that time, Solana bolstered itself by issuing the BONK memecoin.

Memecoins are politically a gaining tool

     Memecoins have entered politics as a result of their success. This year, US President Donald Trump launched the TRUMP token, and the SEC's Crypto Task Force announced that "most" memecoins are not securities; this openly helped the memecoin market.

     Memecoins in politics are also assisting those who lost in bitcoin; for example, in the Central African Republic, Bitcoinist President Faustin-Archange Touadéra released CAR tokens and attracted huge investment.

My Point on Memecoin

     I am neither a promoter of memecoins nor an opponent. These meme coins are without any guarantee; they can turn your investment into a big treasure and can also destroy the entire investment. So if you want to invest in meme coins, then I will not stop you, but I will definitely ask you to be careful. Your investment = your profit = your risk.

Originally published at Wubits as thread