This time, a discussion on Twitter took place, with borovik.eth, who recently suggested that Elon Musk change Twitter’s logo to the Pepe the frog-inspired one, asking his followers to answer the question.
Borovik.eth’s tweet Source: Twitter
Previously, GNcrypto reported that Justin Sun has joined the meme craze.
Memecoins have become a controversial topic in the crypto market. On one hand, they generate significant attention and bring new investors into the space, increasing overall market liquidity. Memecoins often go viral due to their meme nature, which can result in quick and substantial gains for early investors. These coins also serve as a gateway for people unfamiliar with cryptocurrencies to start learning about blockchain technology. However, memecoins are often criticized for their lack of intrinsic value and high volatility. They are usually driven by hype rather than solid fundamentals, making them risky investments. This can lead to significant losses for those who enter the market late, eroding trust in the broader crypto ecosystem. Ultimately, while memecoins can bring short-term benefits, their long-term impact on the crypto market may be less positive.
