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In a recent Cointelegraph Twitter poll, DOGE was voted as the memecoin that will have the largest market capitalization by 2025, with PEPE coming in second place. Memes, internet jokes, and popular culture references have become an integral part of online communities. Because of this, cryptocurrencies inevitably gave birth to a new wave of assets called "memecoins." While some argue that these coins are just a fad, others might also believe in their potential to bring financial gain to their investors.  One of the most popular meme coins that was recently launched is a frog-themed token called PEPE. The token has gained traction amid the bear market and garnered a lot of support from various members of the community despite its official website saying “the coin is completely useless and for entertainment purposes only.” According to its creators, PEPE is on a mission to “make memecoins great again” a play on former United States president Donald Trump’s political slogan, ...

Binance’s BSC News recently tweeted asking its followers if they knew which memecoins outperformed Bitcoin (BTC) and Ethereum (ETH) in January 2023. BSC News then stated that most of them, including Shiba Inu (SHIB) and Dogecoin (DOGE), performed better than BTC and ETH. The tweet received a reply from Alex McCurry, the founder of Solidity.io. McCurry said that all of them (the memecoins) are “all garbage.” all garbage — Alex McCurry (@alexmccurryo) February 8, 2023 Memecoins, like Shiba Inu (SHIB) and Dogecoin (DOGE), often face criticism from hardcore cryptocurrency enthusiasts. Most of the backlash is directed at memecoins not having any real-world use. They draw criticism for being utilized to make quick money through speculation. Furthermore, McCurry is not the first to attack memecoins . Steven Cooper, Bigger Entertainment chief, recently slammed Shiba Inu and basically called the project a scam. Cooper expressed his satisfaction that ...