Becareful with Meme Coins - page 13.

electronicash

legendary

Activity: 3178

Merit: 1054

Quote from: bison on July 03, 2021, 11:26:07 AM

The dumping of the market on various fronts is very worrying, and indeed the meme coin is currently the most restrictive. It will be very difficult for meme coins to rise because the benefits provided by meme coins are very minimal and it makes investors less interested.

dogecoin wasn't a memecoin before elon comes in, i use to like the coin even before it has even touched the value of a cent. doge is adopted on casinos so i think it does have a usage. now that it's been seen as memecoin it seems to have ruined it. memecoin had been hype early this year so it's hard for those holders to let go of their stash after Buterin toyed with Shiba Inu. it definitely devastated their funds.

bison

full member

Activity: 778

Merit: 100

SmartFi - EARN, LEND & TRADE

The dumping of the market on various fronts is very worrying, and indeed the meme coin is currently the most restrictive. It will be very difficult for meme coins to rise because the benefits provided by meme coins are very minimal and it makes investors less interested.

cryptoaddictchie

legendary

Activity: 2100

Merit: 1321

Fully Regulated Crypto Casino

Actually got some but being toast at the moment. It seems the only way to recover these meme coins are if elon and dogecoin started to pull the market from bearish divergence. But that's not gonna be easy as bitcoin market is being fud by the Chinese Government. I do hope Chinese crypto enthusiast will support blocking their own government for making a stupid decision.

xSkylarx

hero member

Activity: 2352

Merit: 594

These type of coins are quick in & out, only the first 5-10 mins buyers will earn from this. If it already pumped a lot then I suggest don't put your money on it. If ICO was popular last bull run, meme coins are now the thing that makes some people earn some big amounts. I think these coins became popular because of binance smart chain and DeFi platforms now, creating tokens under bsc and listing them on those platforms can be done easily and not that expensive. I think the term rugpull was also created because of these meme coins.

hd49728

legendary

Activity: 2044

Merit: 1018

Not your keys, not your coins!

They are meme tokens, not meme coins.

Vitalik revealed his thoughts on CNN Exclusive: The 27-year-old behind ethereum isn't surprised by the crypto crash

Quote

In fact, the 27-year-old co-creator of ethereum told CNN Business in an exclusive interview Tuesday morning he believed cryptocurrencies are in a bubble.
He stressed, however, that it's "notoriously hard to predict" when bubbles will pop.
"It could have ended already," Buterin said. "It could end months from now."

The pinned message is about Elon Musk and it is more than a warning about meme tokens for gamblers.

Quote

Elon is not going to have this influence forever.

Psynthax

hero member

Activity: 2366

Merit: 504

Yeah these coins got their price purely from hype now they are among many coins that got affected so hard by the dump.
but I think anyone who bought these shitcoins know the consequences, I mean these coins are mostly made for pump and dump or in a nutshell to gamble and people still buying it anyway
the sad thing though, many newbie also following people buying this shit coin with the money the need, vitalik's shib rugpull also affect many retailers that many people get angry at him.

MFahad

hero member

Activity: 2506

Merit: 644

Eloncoin.org - Mars, here we come!

In the recent dump, these meme coins suffered the most.
Expect from the dogecoin, all other meme coins are 70-80% down. I don't see any recovery of these meme coins until the market is back in bull phase.

JohnBitCo

sr. member

Activity: 2030

Merit: 356

Although everyone is after the meme coins but currently the meme coins holders are in a big loss. Things may change but its risky to invest in such coins although i have seen these meme coins giving more profit than those fundamental strong coins.

Vitalik Buterin strikes back at doggy coins with $80m rugpull

Ethereum Founder Vitalik Buterin Donates $1 Bn Worth Of Meme Coin ‘Shiba Inu’ For Covid Relief In India

Vitalik Buterin donates more than $60M to charity after selling meme tokens including Shiba Inu

Topic: Becareful with Meme Coins - page 13. (Read 1809 times)