Avalanche founder: The significance of Memecoins is to attract more newcomers to the encryption field through interesting forms

Avalanche founder Emin Gün Sirer recently said that although investing in Memecoins is risky, they are bringing value and new users to the crypto ecosystem. Gün Sirer pointed out that although Memecoins are not seen as a valuable investment by the outside world, their real significance lies in attracting more young newcomers to the crypto field in an interesting way. Memecoins trading is a social signal for these people, which can show their ability to select coins and make profits. However, Gün Sirer also admitted that most Memecoin traders do not hold them for a long time, but constantly switch between different Memecoins. He also reminded that Memecoins are still high-risk investments and novices need to be cautious. (Cointelegraph)