Full disclosure, I donβt owe SHIB or DOGE but I do own some moonshot dog coins.
Initially I felt all the stages of grieve seeing these two coins pump to top 10 levels. How was it possible?
After overcoming grief I began to accept the fact that real projects will stagnate and memes could rule crypto.
My big question is, are meme coins actually healthy for this ecosystem and increase adoption?
Early adopters get rich, many investors take a small profit or FOMO in. The people who bought the top are sucked in forever, waiting for a rebound or exploring other projects.
Iβm some ways it is good that dog coins are winding down, but I think others could still rise. There may be some new meme coins years from now.
I think this cycle will keep occurring for years to come and increase overall crypto adoption.
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