Meme Coins See Meteoric Rises and Falls, But Lack Staying Power

Dogecoin (DOGE) saw huge speculative price increases in 2020-2021 despite no real improvements to the coin's technology or utility. Its unlimited supply and reliance on hype make it risky long-term.

Bonk (BONK) spiked in price in late 2022 due to meme hype and general crypto market trends, but lacks a history of steady long-term growth. It may soon see declining prices.

Pepe (PEPE) reached a huge $3.5 billion market cap thanks to social trends, but recent issues on social media revealed its vulnerability. A major sell-off in March signals further declines.

Many meme coins saw massive short-term price increases in 2022-2023, but rely entirely on speculation and hype. As trends shift, they could see major crashes.

Investors should be wary of meme coins without real-world utility. Their values tend to spike and crash based on viral trends and public sentiment rather than technology.