Why do more and more people like to gamble on meme coins?

In fact, the reason is very simple: meme coins have huge return potential. For example, PEPE's market value once reached 4 billion US dollars, and NEIRO also has 800 million US dollars. If you bought them when they were just starting out and the valuation was only 1 million US dollars, PEPE has increased 4,000 times, and NEIRO has also increased 800 times.

In contrast, the infrastructure projects listed on the exchange or projects supported by VCs are often valued at more than 1 billion US dollars when they are listed. Even if the market is bullish, there is not much room for multiple increases later.

This is why everyone is more willing to gamble on meme coins - the odds are high. The currency circle itself is speculative, especially the speculation of altcoins. If the odds are not attractive enough, many people will not participate at all. Of course, meme coins are also very risky and may be "rug" (run away with the money) at any time, but investing a small amount of money to test the waters is not a big deal.

On the contrary, those infrastructure projects have large capital investments, and once they encounter a sharp drop or a halving, the losses will be even more severe.