CoinGecko Reveals: "These Three Altcoins Ended the Memecoin Craze!" - Dogecoin (DOGE) Taught a Valuable Lesson!

Memecoins are currently far from their former glorious days. Memecoins, which are experiencing sharp declines under current conditions, have also disappointed investors.

While many investors are at a loss, CoinGecko founder Bobby Ong said that meme coins will return to their glory days.

These Three Ended the Memecoin Craze!

Ong, stating that the meme coin craze ended with unsuccessful launches and ‘rug pull’ incidents, said that these events significantly reduced investors’ interest in meme coins.

Ong stated that TRUMP, MELANIA, and LIBRA meme coins have reduced investor interest, ending the meme coin craze for these three.

The release of TRUMP and MELANIA, due to absorbing the liquidity and interest of all other cryptocurrencies, marked the peak for memecoins.

If the release of these two coins did not end the meme coin craze, LIBRA was the final nail in the coffin and shattered the illusion that the launch of meme coins was a fair launch to reveal the secret organizations and insiders profiting off almost everyone.

DOGE, SHIB, BONK Proved Themselves!

Ong stated that by nature, memecoins will always be seasonal and cyclical, but some will emerge strongly from market fluctuations.

Ong, who thinks that almost all meme coins will disappear, leaving only a few behind, said, “Popular meme coins like Dogecoin (DOGE), SHIB, and BONK have successfully navigated market cycles. And they have taught meme coin creators looking to establish long-term assets a lesson. The most successful memes are those who have managed to build communities that are extremely passionate, do not sell, and can organically create content or stories.”