The meme coin craze started back with Dogecoin came out. It was originally meant as a joke but since then it's grown in such popularity and wealth that it's honestly hard to consider it a meme coin when it battles against market caps of Cardano (ADA) and Avalanche (AVAX).

We also have Shiba which took the internet by storm and holds a decent market cap as well and has held it for a long time making it comparable to blockchains like Polkadot (DOT) and Chainlink (LINK).

Do Meme Coins Have Utility

Most people are either heavily anti Meme coins or full blown wild about them and risk it all. For myself I play the middle ground in where I see their use case and take a look at fundamentals. For example when $PEPE came out I got in heavily on that one. Not because I thought it was a good token or that it had a good white paper or anything like that. Instead it was simply because I know the PEPE meme is HEAVILY used and it's heavily used around the world in which I don't think we will ever see it stop any time soon.

Just based on that information alone and knowing the meme behind the token now I speculated that this thing would go higher and not just fall off. Now of course you have to do some research and make sure whoever is launching the project isn't just rug pulling and scamming out of it. You look at things like premines, smart contracts, how and when it was created etc and you start to put the pieces together.

DeFi

Before defi most meme coins had no utility at all. However with their low fees and demand they have actully become some of the most swapped and highest fee earning defi tokens. It also makes liquidity a lot more fluid with these types of tokens.

DeFi really opened up the utility and fee earning for Meme coins as before it was all done mainly on centralized exchanges with burn features for each trade that was done.

Will Meme Always Be A Thing

This brings up the question if meme tokens will always be a thing. Personally I feel yes they will however with everyone and anyone launching meme tokens and trying to cash grab you'll be hard pressed to find a good one. Instead focus on the fundamentals of the token. For example there's another new meme called PEI PEI which plays off of PEPE and is a Chinese version of it. For myself to me this one feels like it's never going to really take off.

However other members like PEPE itself feel like they will be around for at least a few more years. It's why tokens like Trump tokens take off because he's in the spotlight now. If he loses the elections though those tokens will most likely become near worthless. If he does get 4 more years I could see the tokens doing well for up to two years into his presidency and then start to trail off as his second term comes to a end.

What you have to realize is that meme coins are more about the what's happening now over any real utility. They are hype tokens but they do provide value because lets be honest most people in the stock market buy on hype now over real fundamentals of the business.

*This article is for entertainment purposes only and is not financial advice. Do your own research before investing.

Posted Using InLeo Alpha