There's a memecoin called Pepe the Frog that gained over 21000% in the last couple of days since its token launch. This may sound very impressive and ridiculous, until you go deeper and investigate. It isn't quite novel for memdcoins to produce such staggering and excessive returns in the short term, as we have seen in the past with the likes of DOGE and SHIBA INU.

The humorous part of it though is that these memecoins offer little to nothing by way of value, and everyone knows this. They are built for the sole purpose of turning in quick profits and making investors ridiculous returns especially in the short term. Yet the obsession hasn't dissipated in the least, and many still jump on the bandwagon knowing fully well that their investment has very little by way of long term potential.

One Memecoin, DOGE, has managed to make its way out of valuelessness to be considered for uses in the real World, all thanks to Elon Musk, the Twitter buying Billionaire who seems to get a kick off crypto. Perhaps he really could make DOGE a transaction token in the future which would give it actual value, but that is as good as it gets for memecoins. The rest have little to no hope of being anything other than pumping and dumping grounds for return seeking investors.

Yet the interest even till this day simply shows that there is still a large volume of investors who prioritize short term gains above project development and it isn't a lack of information. Many are completely aware what they are getting into yet decide to forge ahead. The lure of quick profits will seemingly not dissipate from the space as long as it remains an option, but thankfully what also happens is that investors are made fully aware of the potential risks and dangers of their investments as opposed to investing in projects of value.

I was just thinking about how an actually useful project like Hive could potentially generate the interest of a memecoin without compromising its standards by promising ridiculous unsustainable returns. Do we even need such attention in the first place? We certainly need a lot more users to discover and utilize our project offerings but I wonder if a sudden surge in the level of users will do us any good. Take for instance if HBD suddenly begins to offer 1000% APR for some reason, users might flock in for the purpose, but will such investors be considered useful?

Conclusion

It seems that there is some attention we can do without. It is better to grow slowly than be fueled by the wrong kind of investors who come in for quick and easy profits. They are good, but they don't last. Any project that takes itself seriously is thinking long term and the memecoin way isn't the way to accommodate long term thoughts. We also need to trust the process and accept that when it is time, our own crypto boom will happen.