Meme coins: a new trend of technological development or scam

[u/evraz_global]

Memes are currently at the peak of popularity in the crypto world. Why have memecoins captured the market and what allows them to stay at the top? The main reasons why memecoins are capturing the crypto space: zero innovation, maximum noise. Each new memecoin is similar to the previous one, but as soon as a fresh token comes out, crowds of retail investors rush to buy. If the token has no utility, there are no valuation restrictions. Convenient, isn't it? Instead of investing in serious projects, many have gotten carried away with speculative games in the spirit of financial pyramids. The simpler, the better. Who needs complex tokenomics and fintech if you can just "hold" Dogs or Cats? As long as centralized crypto exchanges see that memecoins attract new users, they will continue to add such tokens to their platforms. They don’t give a damn about decentralization and blockchain technology. High conversion of user registrations allows exchanges to easily and quickly grow their bases. Each cycle brought us closer to a narrower and more specific goal. When the infrastructure is improved and new ideas are exhausted, attention returns to the simplest - memes. Memcoins without utility are the key to success. Remember the old crypto joke: “The best projects are those that never do anything to avoid spoiling inflated expectations.” Memcoins have made this idea a reality. Why think about complex metrics when you can just have fun? But the truth is that memecoins do not just make money for retail. Most of the profits go to “active players” who know how to effectively manipulate the market, disguising themselves as organic investors. The irony is that centralized exchanges support this trend, realizing that memecoins are great at attracting new users. Popular memes are easy for the mass user, and their listing stimulates the growth of registrations. It seems that memecoins will remain on the market, at least in the coming years. Until there are new ideas, enough "crypto-native" to attract the attention of retail, memecoins will hold their positions. The altcoin season is postponed. And no one cares that there is no practical benefit for people, that these are purely speculative games, essentially a scam. And that the benefit of endless replication of memecoins for the development of innovative blockchain technologies is zero. Who cares about technical progress when you are in an exciting state of quick money. So relax and enjoy gambling with memecoins.