Why are #memecoins ruling 😏 the TOP crypto charts? Memecoins are getting a lot of attention nowadays. Let's take a look at why: 🛑 Token overproduction: In 2024, more than 600 000 new tokens were launched, an average of 5 500 daily. 🛑 Viral popularity: Memecoins rely on community-driven hype and viral trends to make them quickly popular on social platforms. 🛑 Low cost of entry: Many memecoins have a low price, which makes them affordable for investors. 🛑 FOMO: When memecoins gain attention, investors rush into them for fear of missing out on potential profits, which leads to price increases. What’s your fav memecoin? Writе↓