During the previous wave of crypto, there were all sorts of ambitious if doomed plans to do interesting things with blockchains. Even Bitcoin was originally supposed to be a means of exchange, not an "investment".
Now we don't even pretend that $DOGE/$TRUMP/whatever has any utility aside from speculation.
As far as I know the only difference between these so-called memecoins and 'reputable' cryptocoins is that the former have a funny name. Other than that they're essentially the same product.
Now we don't even pretend that $DOGE/$TRUMP/whatever has any utility aside from speculation.