Topic: Do meme coins have a future? - page 7. (Read 1317 times)

I think memecoins can have a future if they were made purely as a joke and for the sake of memes. But DOGE is the only one that was made like that. All the others just tried to copy DOGE's success, that didn't last for too long and did it even worse. But DOGE will remain in the hearts of many people, and the others will not.

I think they'll move with Bitcoin, but i don't see them having any real use unless Elon integrates something into Twitter.

Impact of meme coins? None obviously.
Well, there are some meme coins are being used as a payment option in some websites or the like, some are being used for transaction purposes like DOGE, but aside from that, I don't see any use case of these coins, and so is impact.

Why people invest in these memecoins despite them knowing that the risk is huge? Trust. I don't know exactly why people are trusting these memecoins thus, supporting them and investing into it, but I believe that they trust the project that's why they're investing into it. Of course there's the profit on it as well, but there are also people who loves risk, and knowing how much profit they can get, they will surely invest into it even though the risk is very high. Meme coins are just a cash grab, and we know that for a very long time already. There were many meme coins that have been created in the last meme coin hype a few years ago. Most of them became a scam coin, some have been abandoned, and some might still be in development until now.

TBH, I don't want to generalize all meme coins because we've seen DOGE, SHIB, and now PEPE who are now in the top 100 in terms of market cap. I believe that in the future, more meme coins will be in the top for various reasons, but as for me, I will not touch any of these meme coins... or maybe DOGE only.

As we are hoping for but at long as there are developers who are in their mind to earn money from their useless creations, they will still exist and be hard to wipe out in the market. Sad reality but many people remain to support this kind of event because even with the fact that it was a useless investment and no intrinsic market value, some investors are also earning huge profits. That is why they are even preferred to join these hyped projects rather than choosing long-term investments like BTC and ETH.

meme coin shall never be considered as a serious project. It's a joke coin with no purpose. People are so blindly by saying that if meme coin was making a huge progress. They use it as investment while meme coin has no intrinsic value on it.
I hope that meme coin gonna disappear from the market in the future, mmeme coin just a plague.

Some people don't believe it and some people do believe,
yes this is the world of crypto currency where tokens with projects that have been said to be bullshit can be crowded,
that's what happened in memecoin, very surprising, to be honest memecoin has no future in my opinion.

thats true, meme coin as far as I know usually hardly have any development, they just got deployed and thats it, their main focus is most certainly marketing in which gonna try to grow their community as massive as it can. moreover, the value driven heavily by the community itself.

I don't think memecoin has a future, but they will probably have a high market share and interest about trading. A lot of people are attracted because memecoin seems to be able to provide traders with quick profits, but basically manipulation seems very likely to be involved. So I don't believe in the future, but I believe memecoin can provide some advantages for traders who understand and are able to take advantage of its price volatility.

If you want to get involved in memecoin trading and investing, then don't ignore the risks. It's just a friendly advice.

Right now the way im seeing things is that its either meme coins or only a few serious projects. Really feels like the market got oversaturated and then milked dry by different scammers, VC's etc. So what is left is only fun, or the most serious of projects.

This has been asked many times already. By now, you probably know the answer to your question. "Meme" coins are nothing more than pure cash grabs by the developers. They have no real use cases, unlike established cryptocurrencies such as Bitcoin or Ethereum. "Meme" coins are purely-speculative instruments that could either make you rich or wealthy in an instant. They're nothing but hype. Do you honestly think a coin with a huge supply will have a future? If so, then you truly don't understand cryptonomics (cryptocurrency economics).

One thing for sure is that the market is flooded with too many "meme" coins. It should only be a matter of time before most of them fade into oblivion. Just because Elon Musk "pumped" Dogecoin's price, doesn't mean "meme" coins have a future. The guy is an opportunist looking to make a quick buck by fooling people to invest into the cryptocurrency of his choice. I'd say he already won. If you really want something that lasts, choose BTC or ETH and forget about the rest. As long as you don't invest more than what you can't afford to lose, there should be nothing to worry about. Just my thoughts

No need to inquire about the future of memecoin which is just following the hype. memecoin that appears only follows the trend. Memecoin $PEPE may be a successful memecoin at the moment, but the recent downturn has also left $PEPE investors with a lot of losses, except for those who have entered at the initial price.
For me the really serious memecoins are $DOGE and $SHIBA, other than those two memecoins I'm not sure there will be a profitable future.

Not all memecoins have a future because we all know that memecoins were created only for gambling,
there is no real project development and the team is also very closed, there is only a community,
whoever has a solid community will be the winner.

In my opinion, any meme coin that can survive this long bear market season with reasonable price can still have future in crypto, but do your own research about any before investing because as others have said, altcoin session will soon start.
For the case of Dogecoin and Shibainu, these coins has given so many people huge profit back then, and now that pepe coin has also given people some money, that is why people out of FOMO are trying to invest in the coins thinking they will pump and give them some profit too.

If you ascribe memecoins prediction to that of people's lives then you may be wrong simply because human liflifesaverroad map since one can carefully plan out their life, just like Satoshi Nakamoto who developed and planned out Bitcoin and this forum at the same time this is what makes the much impact of our lives today just by the life plans of another person.

But memecoin has no plan and the only thing is just the hype that surrounds the projects and that is why we have to take them as a gamble because we can't predict their future.

Actually can be said in Cryptocurrency world with the 100% guarantee that what will be happening in future with any kind of projects. But in case of Meme coin my personal opinion is that the meme coin is not good place for long-term investment so I don't think that meme coins have any bright future. Even then many meme coin are now doing well I also do not find the people behind these meme coins very favorable, and for this reason I always refrain from investing in meme coins.

No, you are wrong, patience has nothing to do with the outcome when it comes to meme coins, so it is obviously not those who stay patient who will benefit from meme coins but it is those who invest very early and sell when it's at peak because once it reaches the peak and comes back down, there is no going back to the top for it again no matter how long you wait to hold billions of tokens in your wallet.

Meme coins have no utility, they are nothing more than market hype so it is definitely stupidity to hold on to meme coins and expect that you will get big returns from it, I say that because I've experienced the same thing with SHIB when it was new like PEPE.

Meme coins' popularity is mostly driven by its community and the viral nature of memes. These coins frequently have devoted communities that gather behind them, fostering a sense of solidarity and shared enthusiasm. Fear of missing out (FOMO) on the next big thing draws many investors to meme coins in the goal of generating rapid riches. They seldom contribute to the general growth and evolution of the crypto sector.

I personally see that some investors may experience significant profits if they enter early and the last group may not be as lucky as the first and may lose their estimated investment. Yes. Meme coins often exhibit significant volatility and their value can fluctuate dramatically. Just as getting the jackpot is not as predictable as you means.

The reason why they want to invest is simple because they just want to get a quick buck. No need to confused about that, investing in memecoins is just like you put your money in the slot machine. You roll 100 times and sometimes you hit the jackpot and sometimes u don't.

At least the existence of Meme Coins can stimulate innovation and experimentation in the crypto ecosystem. Their unconventional nature and the creative ideas they inspire encourage developers and entrepreneurs to explore new possibilities in the crypto space and Web3. This dynamic environment drives growth and progress in the wider crypto world.

However, it's important to approach meme coins with caution. The value can be highly volatile, and inexperienced investors may face financial losses.