Can anyone explain what is the value of meme coins? - page 4.

BitDane

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Quote from: fedelowe on June 02, 2022, 05:55:07 PM

Quote from: Andrik Viate on June 02, 2022, 04:45:40 AM

I am confused that there are meme coins whose prices are sky rocketing but I dont see any real value these meme coins are providing

there is no value of this coins, you can just buy and sell them when its profitable but mostly meme coins is scam, so better don't even try it

But to be able to buy them you need money for it. And we know money can represents value. From the explanation of money,

Quote

Money is a commodity accepted by general consent as a medium of economic exchange. It is the medium in which prices and values are expressed. It circulates from person to person and country to country, facilitating trade, and it is the principal measure of wealth.

Once money is used on something it automatically procure value. So meme coin that is trading has somehow value in it. The value is dictated by the demand of people wanting to buy it.

MiF

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Quote from: Andrik Viate on June 02, 2022, 04:45:40 AM

I am confused that there are meme coins whose prices are sky rocketing but I dont see any real value these meme coins are providing

If you invest in meme coin then you are investing in a very risky coin meme coin had no use case it depend on hype and the advertisement from the big names in crypto just like elon musk, investing in coin that has no use case is just like wasting time and money, however you can still invest on it in a very small capital and forget it on your wallet and if you are lucky on that meme coin then you can still earn on it if it will hype in the future, just like shiba inu and many meme coin on crypto.

isaac_clarke22

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Quote from: Andrik Viate on June 02, 2022, 04:45:40 AM

I am confused that there are meme coins whose prices are sky rocketing but I dont see any real value these meme coins are providing

If you don't see any real values, where do you think these money came from and who do you think are those people willing to buy a lot of these? Of course those people who are really hyped up for these coins just because it is a meme.
Sometimes an internet culture should just stay in internet culture, smh

bitkanu

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meme coin for the most of part has no real underlying value, it's just this meme coin are being heavily used for manipulation, they main reason most of meme coin could go against the current trend of bearish is because manipulation itself.
moreover meme coin for the most of part also heavily driven by trend, like elon's shill and the likes.
so in short, it's just a coin with no real market, it's all just a game created by the ones that manipulated the market of these meme coin, it's better if you just invest in some ordinary coin since they have real underlying value.

fedelowe

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Quote from: Andrik Viate on June 02, 2022, 04:45:40 AM

I am confused that there are meme coins whose prices are sky rocketing but I dont see any real value these meme coins are providing

there is no value of this coins, you can just buy and sell them when its profitable but mostly meme coins is scam, so better don't even try it

Sanitough

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Quote from: Andrik Viate on June 02, 2022, 04:45:40 AM

I am confused that there are meme coins whose prices are sky rocketing but I dont see any real value these meme coins are providing

Their prices will sky rocket as they are easily hyped by those big whales or those high profile individuals like Elon Musk, but when the hype is gone, their prices will eventually drop again and some won't even recover at all. This happens because they have no real utility cases in the market and that there is no community that would need them for long, in short they are only useless coins that's why they find it hard to survive particularly when there is bear market.

serjent05

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Quote from: Andrik Viate on June 02, 2022, 04:45:40 AM

I am confused that there are meme coins whose prices are sky rocketing but I dont see any real value these meme coins are providing

Meme coins are a highly speculative investment, so many investors are jumping in hoping that their investment will grow 100x to 1000x in a short span of time. With this kind of hype, demand flocks in increasing the price of the coins. We all know the price or value of any coin is strongly driven by the law of supply and demand. Following the logic of the stated law, the more people get excited over the Meme Coin the more funds come in thus creating a surging trend in the meme market. In a speculative investment, the real value of the coins and even their use case is neglected.

BIT-BENDER

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Value in what aspects, the fact that some project manipulators create a coin and gives it a fake value or usage doesn’t make it valuable, well sometimes I see beyond crypto being a tool, Memecoin was even probably not going to be a thing not until Elon musk but he interest and influence on Dogecoin ever since then memecoin had been blown up many ripping of it especially shiba inu, but in reality if you checking for the real value of Memecoin I doubt if there is any solid one.

nimogsm

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Most often, memes appear at a particular event.Recall the same Will Smith and his slap in the face on the same day, a meme token appeared and it lasted a little more than a week.As always, only the developers turned out to be in a good plus, nothing new.meme tokens, as well as NFT, have no value other than HYPE around.

Rengga Jati

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Quote from: Andrik Viate on June 02, 2022, 04:45:40 AM

I am confused that there are meme coins whose prices are sky rocketing but I dont see any real value these meme coins are providing

As its name, meme, it may be only a symbol but only among the community, but I also don't know what kind of community they are haha. And the community was raised by the hype and FOMO. many more people who are invited because of the hype, will come to the community and make the meme coins skyrocketing. But, let's see how long the meme coin skyrocket will run or will fly. And let's see how the price will drop to the down.
I remembered when at first Dogecoin was skyrocketing at the time, many people were rich very soon. And this makes so many people create more and more similar meme coins. And unfortunately, many people are triggered to believe in those shit meme coins because they hope that they can be rich very soon like previously.

MidNite36

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Meme coins are MEME coin, like the name said, they practice what they preach, doge coin is a good example and it's been alive since the old days of bitcoin, I don't call meme coins a shitcoin like many others but we have bad actors amongst us using any form of utility that's presently trending in the market against those new investors that know too less.

hichamito37

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Quote from: Crypt0Gore on June 02, 2022, 10:27:06 AM

Quote from: Andrik Viate on June 02, 2022, 04:45:40 AM

I am confused that there are meme coins whose prices are sky rocketing but I dont see any real value these meme coins are providing

Are you sure you've looked into the popular meme coins? There are a few that have good utility for example Shiba Inu and Doge dash, and I want to remind you that projects with good utilities do fail as well, for example Luna, if we are talking about gamble then everything crypto is a gamble.

It's all gambling, nothing is 100% safe in crypto. But investing in meme projects is more risky when you try to invest in potential projects. What happened to Luna was actually quite unexpected and no one could have predicted it but the death of most memecoins is something almost everyone knows in advance.

TribalBob

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meme coins only rely on hype and fomo for a moment, they can reach the highest price of 2-10x even more but will disappear and fade after their hype is gone, so if you are going to enter the meme coin. just get 25% profit from the initial capital, don't be too high set profit because you can regret

Silberman

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Quote from: Andrik Viate on June 02, 2022, 04:45:40 AM

I am confused that there are meme coins whose prices are sky rocketing but I dont see any real value these meme coins are providing

It is nice that you can distinguish between price and value, the price of meme coins is high just because people like to speculate with them, and since that is the case the only utility of those coins is for a bunch of traders to outsmart another group of traders and earn money that way, however in terms of value those coins are worth zero, and anything with a value of zero will have its price eventually reach that value as well, so stay away from those coins as they are not worth your time.

pawanjain

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Quote from: Andrik Viate on June 02, 2022, 04:45:40 AM

I am confused that there are meme coins whose prices are sky rocketing but I dont see any real value these meme coins are providing

Those meme coins are skyrocketing because of the fake hype that is being created by the developers and the supporters.
Everybody wants to make a quick profit out of those meme coins and thus the hype around them.
In the long run all of those meme coins will get dumped and basically there's no intrinsic value to them.

masterrex

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Quote from: Andrik Viate on June 02, 2022, 04:45:40 AM

I am confused that there are meme coins whose prices are sky rocketing but I dont see any real value these meme coins are providing

Based on your questions, I think you must familiarize the crypto market first regarding how it works, and behave because if you already know how this industry works, you can easily get an idea, of why even the meme coins prices have been skyrocketed besides it has no real-world uses cases that can drive a future demand of its token.

Anyway back to your question, In reality, I believe that the meme coins are just driven by hype and FOMO, and it's all temporal thats why it will not last long, But on the other circumstances If the meme coin has been back by a large community including whales, I think it's been another story, but it doesn't mean that the project is all good and have potential, don't forget that the meme coins still a meme coin and it will remain as it is no matter how high the price they are already achieved.

popeye95

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No traditional crypto value but exist purely of people's greed. Most people hold meme coins because they thought it was being a meme that is popular enough to attract more gullible people into buying it at a higher price. Heck, a lot of cryptos out there weren't meme coins but are still bound and operate by this rule too.

asyakashi

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it happened because of the high interest of that meme community. In cryptocurrency I think hype is very easy to create, some short-term events create high price increase opportunities such as listing exchange, mainnet, partner, burn etc. But burn is the most preferred, besides that the reason why coin memes are so popular is that the price is cheap when it goes up small from fair trading, the profit is more.

Jaered

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Hype,my friend,hype. That word pretty much helps most of crypto projects. Dogecoin,for example,got hyped into a utility coin,so yes hype has its merits too since it propels a particular coin or token into the attention of the high and mighty like Elon Musk

rhomelmabini

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Quote from: Andrik Viate on June 02, 2022, 04:45:40 AM

I am confused that there are meme coins whose prices are sky rocketing but I dont see any real value these meme coins are providing

Anyone can disagree with this but I think a meme is a meme that has value especially to entertain something. We're in a bear market and if you see goblin town art, it represents meme and that's where value may be derived from, it was minted for free and it has 5 eth floor now. Isn't that laughable, isn't that meme? Tell me if that wouldn't have any intrinsic value. Yeah, we're too attached to the intangible value in this space (financial value).

Don't fret if they do skyrocket, most of these meme coins will gone, maybe 95% of it. It has short term valuation in this space, just don't get caught up in it.

Topic: Can anyone explain what is the value of meme coins? - page 4. (Read 526 times)