Many or "some" people are buying into this "Meme craze" which is built on top of Solana ecosystem which is why that crypto is skyrocketing in value because many developers which are making MEME coins are turning it into a cash machine. Crypto enthusiasts from old to new are taking the opportunity to buy early before these Memes shoots up in price and then cash-out in millions of dollars of profits and then rug-pulling on anybody else. Now that is just a pure gamble. The prices of the Memes in Solana are quite very reachable and people with not much cash at hand can involve themselves from it which gives them results with nit much burden in their pockets while some really invest on it hard and equally get similar results but with a more magnitude.
Some people also sees that the cryptocurrency itself is a gamble, well for me it is a mix of both because of the way some people would treat it like these Meme coins although you can make money bigger, better, faster, and truly with excitement, they are also no better than a toss coin, a simple gamble (not so simple though) but since anyone is responsible for their own money, nobody will ever tell you to not involve yourself through buying into these "Meme Craze" under the Solana blockchain. So it is up to you if you are feeling "degenerate" or not but it works for some people especially the makers of these Meme coins who are indeed investing in it with their time, talent, much money for liquidity purposes, marketing, advertisement, and all that because it is one game that some people likes to have maybe for both the opportunity to earn money, fun, excitement, or both of these factors and more. So it is up to a person really on how risk-taker they are but I hope that not much people would not get burned-off from these Meme coins and if they get lucky maybe they should buy STEEM coin too.
In the other hand we got the STEEM coin, a cryptocurrency token of a DPOS blockchain which one can earn by getting appraised if they use the social media frontends which are built of top of the Steem blockchain. One can use some of the leading front-ends like Steemit.com which they can use to post their thoughts, make a video blog (vlog), a written blog post and share their world. There are many ways to earn STEEM token from steemit like by being a part of a group of people we call communities which they can find support for their work/vlog/writing hobby aside from getting upvotes for their interactions which are encouraged in the Steem social media.
One can also prefer to invest in by purchasing Steem from exchanges which we can find the list Coinmarketcap.com below the price graph and then transfer those to your account in Steem social media (Steemit.com) for example, power those STEEM tokens and then start "curating" where they can earn STEEM tokens. A user/member of Steem can also earn by joining or participating in many contests depending on what contests and the amount of prizes which they can earn from those contests. It is also up to a person on how determined they are to build their account but usually if they would invest STEEM, then it will be a good steeping stone to make their account successful which depends really on many factors.
There is an exclusive exchange which only caters Koreans and that exchange is called "Upbit" it is hard to use because you have to have a Korean bank account first in tandem with a Kakao app, even foreigners living in Korea cannot easily accomplish these two requirements maybe because of their kind of regulations in their country. It is significant but maybe good because cryptocurrency prices in South Korea especially STEEM tokens are at a premium price. What it does is that it keeps the printing of SBD for longer because of a higher price of STEEM token there. As we can see at coinmarketcap, the price of STEEM is much higher compared to the price from Binance, HT, Poloniex, etc.
It is really awesome to see because if you are earning STEEM from your account, you can have the option to receive either to get 100% STEEMPOWER (SP) or 50/50 STEEMPOWER and Liquid STEEM (if STEEM is not printing SBD) and or STEEM Dollars if SBD is being printed from 1 to 100 percent. But right now SBD is printing SBD because the price of STEEM in Korea is much higher whereas if we follow the Binance and other exchanges where STEEM token is available for trading, the printing of SBD would fluctuate more and thus will not give the content creators the best way of maximizing from earning STEEM tokens when they trade it to the internal market of the Steem blockchain.
Right now the STEEM dollar is printing 100% because of the influence of BTC's price bull run plus the premium price of STEEM in South Korea is benefiting every user for the reason that one dollar of SBD is more than four dollars at the moment which a greater chance to earn more of it if the price of STEEM token would get a higher value. So it is quite advantageous to invest in STEEM, you can roughly estimate your gains because of the said factors, like the bull run, the premium price of STEEM in South Korea, and the printing of SBD which is what makes it a good option to take advantage of because of the profits from short to a long-term perspective. STEEM is here to stay because it has an active developer team, it has a community and if you analyze your potential gains either when we are in the bear or bull market, it is a great addition to your life, to make it more colorful and exciting at the same time.
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