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Topic: Craze for Meme coins never ends? (Read 654 times)

member
Activity: 162
Merit: 10
March 14, 2024, 09:34:28 AM
I was in PEPE but got out too early.

Now I see PENG having the potential to perform really well, and I got in.

In 2 days it went from 0.25 USDT to 1.20 USDT as we speak.

Can it be the next meme star?
member
Activity: 210
Merit: 39
March 14, 2024, 08:54:05 AM
When it comes to percentages meme coins will always come forward more than any other altcoins.Out of all my investments Doge coin has given me more profit than anyone else so the craze for them is not coming to an end soon.
All coins have started pumping more or less as the price of Bitcoin increased at the beginning of the year. Top coins like Ethereum, BNB, Solana have seen a lot of growth from what they were at the end of last year. I think these are the times when investing in meme coins is the most risky. Meme coin always has high profit, which coin to invest in?  Choosing the right one is the most difficult task, even if the coin position looks good at first, it turns out to be a scam later. I didn't invest in the meme coin that created the hype, I'm not that interested. I mainly invest in Bitcoin and Ether, focus on those two but I have an eye on BNB and Solana, hoping both coins will perform well in the upcoming bull run.
member
Activity: 162
Merit: 10
March 14, 2024, 04:18:45 AM
I think that most people realize that most of the crypto market is nothing more that a big gamble. In that sense, you don't need to pretend you are looking for some meaningful projects, but rather go for the silliest ones, the meme coings, and enjoy the crazy ride.  Grin
full member
Activity: 322
Merit: 128
Sugars.zone | DatingFi - Earn for Posting
March 14, 2024, 03:40:30 AM
Well yesterday Elon Musk did say that his company Telsa will support Doge payments in the future. There has been some rumors about that past years but now he did say it to a group of people at a event.
But all he did say is 'at some point'. He did not say when that would happen. But I do think Meme coins will still be popular if people like Elon Musk talk about it.
https://www.tradingview.com/news/cointelegraph:9779d7f63094b:0-elon-musk-dogecoin-will-be-used-to-buy-teslas-at-some-point/

one more thing and about SpaceX's 'Doge-1' Moon Mission which at the end of 2023 is very hyped, well will this year be realized as planned because previously it was postponed by the launch provider Intuitive Machines, SpaceX,

Yes. It is true that people like Elon Musk always attract attention and it is natural that people are waiting for some of his tweets on several social media platforms, especially about the Doge coin which we see is still growing very well and the coin will become increasingly popular now.
legendary
Activity: 3122
Merit: 1032
#1 VIP Crypto Casino
March 14, 2024, 03:24:50 AM
Well yesterday Elon Musk did say that his company Telsa will support Doge payments in the future. There has been some rumors about that past years but now he did say it to a group of people at a event.
But all he did say is 'at some point'. He did not say when that would happen. But I do think Meme coins will still be popular if people like Elon Musk talk about it.
https://www.tradingview.com/news/cointelegraph:9779d7f63094b:0-elon-musk-dogecoin-will-be-used-to-buy-teslas-at-some-point/
hero member
Activity: 2968
Merit: 670
www.Crypto.Games: Multiple coins, multiple games
March 11, 2024, 04:49:42 AM
Actually meme coins is like gambling it is very difficult to tell when it will happen see how much meme coin is going up for some time it seems that it will leave all coins behind in future but we should be careful because it is how you profit  Giving can just as easily expose you to losses
A meme coin can't leave any coin behind. Based on their total and circulating supplies, one shouldn't have a long-term vision for them because they won't be able to survive for very long. Even if they do, they wouldn't be able to maintain their value or keep increasing in value over time since they are boosted by hype and there can't be hype for a single project for so many years if it doesn't provide any utility.

Meme coins are a part of a trend that will eventually fade away, so we shouldn't expect long term stability or returns from them but instead we should make small investments in them for short-term gains and be happy with whatever we manage to get from them.
jr. member
Activity: 1652
Merit: 3
March 10, 2024, 03:34:44 PM
When it comes to percentages meme coins will always come forward more than any other altcoins.Out of all my investments Doge coin has given me more profit than anyone else so the craze for them is not coming to an end soon.
jr. member
Activity: 109
Merit: 1
March 10, 2024, 07:55:55 AM
All that meme coins are pure cancer as for me but looks like it's attracting a lot of people to the industry that may be useful
legendary
Activity: 2688
Merit: 1004
Sugars.zone | DatingFi - Earn for Posting
March 10, 2024, 07:50:39 AM
Investing in meme coins can be incredibly risky and often like gambling. While some people can get lucky and make quick profits, most investors lose money. I have heard stories of success from some people in the past, but the losses are often silent. Many meme coins create markets based entirely on hype. The reality is that often, meme coins lack long-term sustainability and people lose money on these speculative investments. Meme coins are just a trend, and they will probably fade away eventually. As with any investment, make sure you understand what you're getting into before putting your money into Meme Coin.
Well, that's why the risk of memecoin is very big. However, because the price is easy, and the increase can be very high, it makes people enthusiastic about buying memecoins. I also intended to buy memecoin several times using not that much money. However, this intention was always canceled due to necessity.
However, as long as memecoin still provides profits, many people will invest. In fact, recently PEPE rose so high. People who invested when prices were low must have made a profit by now.
member
Activity: 485
Merit: 10
#SWGT PRE-SALE IS LIVE
March 10, 2024, 07:45:27 AM
I knew about this meme coin before because it was hype and then the hype went away, and the news about this meme coin has risen again because this meme coin will be listed on Binance. However I was wrong because the hype for this meme coin did not disappear but instead increased and caused the price of this meme coin to rise drastically. I read an article that someone was selling WIF for 5 SOL and if he sold it at this time the price could be hundreds of USD.
hero member
Activity: 1190
Merit: 516
Eloncoin.org - Mars, here we come!
March 10, 2024, 07:25:27 AM
#99
Actually meme coins is like gambling it is very difficult to tell when it will happen see how much meme coin is going up for some time it seems that it will leave all coins behind in future but we should be careful because it is how you profit  Giving can just as easily expose you to losses

Its true but as the market already accepted meme project and it has already made its position with over 65B dollar worth of combine marketcap then i think it won't be wrong to say its not that risky anymore if you are investing in top meme project like doge, shiba inu, pepe. Though i don't like to invest in meme project and believe that all of them will eventually die in the long run but this is true for most of the altcoin as well. So calculative risk in the meme project can bring some decent profit.
member
Activity: 1568
Merit: 15
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March 10, 2024, 06:50:00 AM
#98
Actually meme coins is like gambling it is very difficult to tell when it will happen see how much meme coin is going up for some time it seems that it will leave all coins behind in future but we should be careful because it is how you profit  Giving can just as easily expose you to losses
full member
Activity: 1176
Merit: 165
★Bitvest.io★ Play Plinko or Invest!
March 10, 2024, 03:21:48 AM
#97
Meme coins are basically pumped once, it's like a lottery so to speak. At any given time, one person can gain a lot from doing meme, while many people can suffer the most. As far as I know, most people lose money investing in meme coins, which is why I would advise against investing in these coins. Most people are tired of investing in meme coin and this is one of the most impatient projects where people will lose if they don't invest.
They don’t just pump meme coins once’s although their are some just after one pumping they don’t experience another one and the those who fall victim of buying it when the price is high have to wait for eternity before they can be able to see a selling price.

But their are few meme coins like, shiba doge, floki and Pepe which have been experience once’s in a while pump at least in almost all little market push up they always don’t stay behind the trend they use the market trend to appreciate in price again.
newbie
Activity: 9
Merit: 0
March 10, 2024, 01:49:43 AM
#96
Someone made 100x returns with a coin called Dogwifhat (WIF) and he bought it just because the logo was cute but in a month the investment turned into 100K due to the Solona DeFi market.

This isn't the first time it has happened with random meme coin but a lot of coins that achieved huge returns went to the grave in no time as well so invest in the right coins if you are looking for long-term investment or just take a gamble and it may pays you off once in a while.

To read about 1000 to 100K journey: Crypto Trader Turns $1K Into $100K on Solana’s Newest Memecoin, Dogwifhat

The craziest thing I have found with these memecoins is one team have somehow got their hands on one of Americas most iconic domains and are using it for their main website plus offering @ CIA . COM emails as utility

It’s genius and pretty embarrassing for the real CIA I guess

They are calling themselves the Cats Intelligence Agency 😆

Honestly, go look at CIA.COM

Memecoins 1 - USA Government 0 lol
member
Activity: 406
Merit: 84
Eloncoin.org - Mars, here we come!
March 10, 2024, 12:46:17 AM
#95
That's why I sometimes advice people to try buying some altcoin with only the money you can avoid to lose because some can come with potential to make it big in limited time. Although this should be done after some research. A beautiful logo isn't enough reason to buy a coin. The fact that he/she was lucky to make it with this coin doesn't guarantee that coin with good logo are good for profit, he/she just gambled and was lucky to make good profit from it. Good research should be done before you should buy any altcoin.
You're right, we should be able to dive into crucial research about projects because finally investing without hard earn money because losses do come every single day. I'm never giving up but continue to hits harder in the system because I believe there's plans of making stupendous profits. Bagging altcoins but it should be within your own very level of the game, and don't ever surpassed your reach because as one is trying to gain massively from the market, he or she should also prepare his mind for what's coming.
legendary
Activity: 3122
Merit: 1032
#1 VIP Crypto Casino
March 10, 2024, 12:16:36 AM
#94
Well now the meme coin Shiba Inu is close to the marketcap of Doge coin. Shibu has market cap of $20.3 Billion, Doge coin has marketcap of $25.3 Billion.
They called Shibu the Dogecoin Kille. Maybe it will pass the marketcap of first meme coin Doge.
https://crypto.news/shiba-inus-shib-market-cap-on-course-to-reach-dogecoin/
hero member
Activity: 2702
Merit: 704
December 29, 2023, 12:56:53 AM
#93
I think what he meant is the fact that meme coin is a zero sum game (added with manipulation under the hood) and yes in every person that gained some money there are people that gonna buy at peak, thats just the rule and if those people that buy at peak are lucky enough to have the meme coin keep increasing later on then they gonna take profit and there gonna be someone else that buy at even higher peak then immediately it will hit highest peak and dumps, basically those that buy at the peak are the exit liquidity for those that buy earlier.
thats just how it is with meme coin in general I remember there are quite literally topic about people that buys doge coin at peak and saying that they are losing money.
undeniably such thing might also happened to any other altcoin out there, but the thing with meme coin is that there is no fundamental, no utility, that make owning these meme coin at high price absolutely useless.
And that is the fundamental problem with meme coins, anyone can make the mistake to buy an asset at its peak, however if we are talking about an asset like bitcoin then you know that even if you made a mistake with the timing of your purchase, the purchase of bitcoin by itself is not wrong and if you can wait for long enough you will obtain profits.

But this is not true with meme coins as the majority of them pump and dump just once, so anyone that bought at the top knows that most likely they will never recover the money they invested in those coins.
hero member
Activity: 2772
Merit: 524
Leading Crypto Sports Betting & Casino Platform
December 21, 2023, 07:51:38 PM
#92
Meme coins are basically pumped once, it's like a lottery so to speak. At any given time, one person can gain a lot from doing meme, while many people can suffer the most. As far as I know, most people lose money investing in meme coins, which is why I would advise against investing in these coins. Most people are tired of investing in meme coin and this is one of the most impatient projects where people will lose if they don't invest.

If a memecoin price surge then whoever is holding the coin will be benefited so its not like only one will make money and others lose but what you can say is not every memecoin will bump so finding that one memcoin is going to be the mission impossible.
I think what he meant is the fact that meme coin is a zero sum game (added with manipulation under the hood) and yes in every person that gained some money there are people that gonna buy at peak, thats just the rule and if those people that buy at peak are lucky enough to have the meme coin keep increasing later on then they gonna take profit and there gonna be someone else that buy at even higher peak then immediately it will hit highest peak and dumps, basically those that buy at the peak are the exit liquidity for those that buy earlier.
thats just how it is with meme coin in general I remember there are quite literally topic about people that buys doge coin at peak and saying that they are losing money.
undeniably such thing might also happened to any other altcoin out there, but the thing with meme coin is that there is no fundamental, no utility, that make owning these meme coin at high price absolutely useless.
sr. member
Activity: 854
Merit: 262
Eloncoin.org - Mars, here we come!
December 21, 2023, 07:34:19 PM
#91
Meme coins are basically pumped once, it's like a lottery so to speak. At any given time, one person can gain a lot from doing meme, while many people can suffer the most. As far as I know, most people lose money investing in meme coins, which is why I would advise against investing in these coins. Most people are tired of investing in meme coin and this is one of the most impatient projects where people will lose if they don't invest.
People are making crazy profits from meme coins so the hypes may never ends now. There are people who think holding meme coins would not be profitable but we just need to invest at the right time. Any projects that has the mind of their investors would always be profitable. That is the kind of projects we need to be looking for or else we might end up not making profits and not losing from the market. No matter how we see the market we should always give chance to meme coins because they can give us crazy profits.
sr. member
Activity: 812
Merit: 257
Eloncoin.org - Mars, here we come!
December 21, 2023, 07:20:43 PM
#90
That's right, the low price and cute images are the attraction, so I consider memecoins a worthy and unique asset to own. Solana is a pretty strong oracle defending meme coins. Same as the BSC era in the past to deliver some successful people in the era of defi shitcoin at low prices. now the hype has changed and I think solana will continue to adopt meme coins for the next few months with new types, even meme coins now often hold rewards for holders, this is progress.

I still keep solana memecoins and some shitcoins, I believe there will be an era and season with what I keep, although some I got from hunting and some bought with my own wishes. I agree that meme coins are the first impression that makes an interest and the community is also quite large.
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