Memecoins eye major revamps in an effort to return to their former glory
Cointelegraph
Published Apr 22, 2022 05:01PM ET
Updated Apr 24, 2022 07:20PM ET
Memecoins briefly took the cryptocurrency market by storm in 2021 after steady attention and shilling from big-name influencers like Elon Musk and Mark Cuban helped propel coins like Dogecoin (DOGE) to 100x gains.
As one should expect, in the crypto market, rapidly rising prices have a tendency to reverse course just as fast and many of the formerly high-flying meme tokens now find themselves struggling for survival as the market matures and investors look for real-world use cases.
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Written By: Cointelegraph
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