From Nasdaq:

Meme coins like dogecoin are gaining legitimacy with real institutions backing them. Projects like shiba inu are expanding into tech ecosystems and attracting investors. However, increased marketing and token development could attract the attention of the SEC. Decentralization and community involvement remain key factors in the meme coin market.

Critical metrics like number of holders, type of buyers, and involvement of whales determine the success of meme coin projects. Dogecoin’s early distribution through mining allowed for a wide holder base, unlike newer meme coins dominated by a few early investors. Legal issues around securities regulations and profit expectations are key concerns for these projects.

While meme coins continue to evolve, the debate over their legal status as securities remains unresolved. Factors like community involvement and development activities help distinguish meme coins like dogecoin from potential securities. The future of meme coins will likely hinge on their ability to navigate legal challenges and build sustainable ecosystems.



Read more at Nasdaq: Meme Coins Going Legit Is the Worst Thing for Meme Coins