Experts Analyze Situation in Memecoin Market

The memecoin market, particularly built on the Solana blockchain, is witnessing a surge in new projects daily, as shared by Denis Astafyev, the founder of SharesPro investment company. However, the majority of these tokens fail to sustain. According to Astafyev, only a few manage to stand out and achieve success.

Astafyev emphasizes that the viability of new memecoins hinges not only on the novelty of the idea but also on the team's ability to attract investments for project promotion. Investing in such digital assets carries high risk due to market instability. Astafyev stated, "In reality, this is a pyramid, where many coins turn out to be akin to a lottery ticket, with success chances highly unpredictable."

He advises against attempting to profit knowingly from a collapsing pyramid scheme. Instead, he suggests considering investments in fundamental cryptocurrencies, backed by technological potential, established innovations, experienced investors, and user bases. Such digital assets offer a stable and justified investment option with significantly lower risk compared to memecoins.

Expert Michael Gerlis, representing the ecosystem of mining services emcd, highlights the importance of PR and marketing in driving the popularity and success of memecoins. However, Gerlis personally favors more reliable investment options with a long-term strategy and holds a negative view towards market speculation.