Krutika Adani
Memecoins gave 13x returns before the current market corrections in 2024. Even after the corrections, their returns lie at more than 400%.
Due to their small price and low gas fee on Solana and Ethereum, the investment cost could be as small as $1.
Due to memecoins generally having a very low price, it gives the user the satisfaction of owning thousands or millions of coins even with a few dollars of investment.
Top memecoins like Dogecoin and Shiba Inu are expected to have their spot ETFs, which makes them more attractive for investors.
Memecoins also have broad appeal as trendy collectables, which helps them earn the “cool” tag from the crypto community.