the problem with the crypto space is that its filled mostly with dumbasses
it's a lightly regulated industry filled mostly with scams
there was a survey done by the dfinity foundation that found out that the vast majority of people (including developers), were unaware of the fact that the so called crypto utility projects, all use traditional IT cloud to host their websites and content. they use amazon web services, google cloud, and microsoft azure to HOST their crypto projects rofl. those are major red flags and centralized points of failure as those big tech clouds can shut them down at any time.
think about that shit. the crypto utility projects (dApps) tout theirselves as "built on solana, built on SUI, built on ETH, built on Aptos" etc... but thats not true at all. Because those blockchains can't host data on-chain cheaply. I believe it costs around $35,000 to host a couple of giga bytes on solana which is why the solana ecosystem devs just use amazon web services to host their content off-chain. which makes them vulnerable to hacks and being shutdown at any time by the centralized cloud service provider (amazon, google, etc...). crypto is supposed to be about being unhackable and tamper proof, AND decentralized yet these ecosystem dev motherfuckers are using amazon web services while saying "built on Solana". rofl.
all of this basically makes every single crypto layer 1 blockchain and their eco system projects, total utter scams if you think about it with the exception of ICP (internet computer protocol) which is a third generation blockchain that can host everything actually on chain.
anyways back to what I was saying about the dumbasses in the crypto space.
meme coins are just a way for the retail investor to get back at the VC investors that are present everywhere. they're present in the crypto space and the traditional tech sector and people fuckin hate them for good reason. it's unfair for them to get early allocations of the utility tokens.
so with that said of course meme coins will always have a place in the crypto space. crypto is still in it's infancy and highly de-regulated. so if you pick a scammy meme with no real community to sustain the price, and no long history, then its really your own fault.
stay away from political/celebrity memes at all cost. and stay away from newer memes. these are PVP memes basically. you want the ones with a large community and a longer history which are more PVE (older memes).
as for the crypto market in general, its the alt coins that have bled hard, not btc. so the alts will eventually bounce back hard as soon as bullish sentiment begins again when btc hits 120k+.
when that will happen idk as the macro economic factors are kinda crappy right now but we'll eventually get there soon with the US states and the US government buying btc. and obviously foreign nations, foreign sovereign wealth funds, and corporations are also stacking btc right now. hell i think trump just established america's first sovereign wealth fund a week or two ago and I'm pretty damn sure btc will be included in it as well as other cryptos.
