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Topic: Do meme coins have a future? - page 8. (Read 1349 times)

full member
Activity: 826
Merit: 100
Tontogether | Save Smart & Win Big
June 11, 2023, 01:55:33 AM
#64
depending on the market situation and the state of meme coin, if meme coin is popular again and fomo occurs, then at that time a bull market occurs, then of course the price of meme coin will definitely increase very high and can give you a lot of profit, but if meme coin is not popular again and many people are not interested to investing in meme coin anymore, then of course the price of meme coin will definitely be difficult to increase.
hero member
Activity: 2268
Merit: 507
June 10, 2023, 05:52:39 PM
#63
only know that meme coin with future are those meme coin that have reached great heights of market capitalisation, the other meme coin that are significantly weak in that regard, are just gonna vanish into thin air, this corrections right now will prove this right.
full member
Activity: 1260
Merit: 103
The OGz Club
June 10, 2023, 04:30:16 PM
#62
Predicting the future of memecoin is like predicting the future of people's lives,
because it's like you are gambling, Memecoin doesn't have a roadmap, team, and even developers,
this is why I say predicting the future of memecoin is like we are gambling.
sr. member
Activity: 1624
Merit: 339
https://duelbits.com/
June 10, 2023, 01:21:14 PM
#61
I'm not sure about the future of meme coin. They are good coins when it comes to hype. I believe memecoin will not have a future if we talk about investment. I've seen that there will be a brief period where memecoin will do well but after that they will drop and drop until they bottom out.
jr. member
Activity: 1890
Merit: 3
June 10, 2023, 01:14:54 PM
#60
Meme coins, such as Dogecoin and Shiba Inu, have gained significant attention and popularity in recent times. However, their future is uncertain. While they have generated substantial profits for some investors, meme coins lack strong fundamentals and are highly volatile. Their value largely depends on social media trends and speculation, making them risky investments. Don't think there have such a bright future.
staff
Activity: 2436
Merit: 2347
June 10, 2023, 09:56:30 AM
#59
Memcoins have only a negative impact on the crypto space, as a rule. NFT tokens have the same anti-utility properties. When such tokens go hype, we all witness higher commissions in major crypto networks. Because of this, ordinary users suffer while someone tries to speculate with another shitcoins. These types of assets only litter the blockchain space and the industry, and then people start to feel worse about cryptocurrencies themselves because of these shytcoins, because on these tokens or memcoins, they often lose their money or even become victims of a scam.
sr. member
Activity: 1190
Merit: 250
COMBONetwork
June 10, 2023, 06:10:46 AM
#58
Memecoin is included in the altcoin and memecoin still has the potential for sky rocket in the future,
we just have to buy it and hold it until the altcoin season comes, those who can be patient will certainly be winners in memecoin.
hero member
Activity: 1344
Merit: 565
Leading Crypto Sports Betting & Casino Platform
June 10, 2023, 03:23:19 AM
#57
Meme coins are a peculiar breed, indeed. They're like the sitcoms of the crypto-verse. Do they serve a meaningful purpose? Not necessarily. Do they bring joy, amusement, and a peculiar sense of camaraderie? Absolutely.

The phenomenon of meme coins is essentially a social commentary on our collective zeitgeist. It's about how an idea, backed by enough people (no matter how ridiculous), can gain substantial value. While projects like Polygon MATIC serve a clear purpose in improving our tech ecosystem, meme coins are more about social dynamics and speculative economics.

Their impact on the broader crypto space is multi-fold. They act as an entry point for many to the world of digital assets, and they keep the mood light-hearted in a market known for its volatility. Will they revolutionize the Web3 realm? Probably not. But will they keep making headlines and causing a stir? You betcha!
full member
Activity: 896
Merit: 100
PredX - AI-Powered Prediction Market
June 10, 2023, 03:07:41 AM
#56
Many people understand the hype of memecoins but still can't escape the attraction of putting money into it and expecting miracles with that capital. As many mention about ponzi and gambling, the nature of fomo according to memecoin is similar to any other trends that appear in the market, they are created and they cool down over time. Personally, I have many options other than memecoin, so spending time and money on it is not advisable in the crypto market, and in my opinion it is not suitable for newcomers. But ironically it gets a strong response from newcomers, but over time people's experiences will make their own judgments with memecoin.
legendary
Activity: 3346
Merit: 1134
Leading Crypto Sports Betting & Casino Platform
June 10, 2023, 02:58:29 AM
#55
It's just like riding the hype. What if the hype is gone? I think we should've learned our lessons from what happened in the past. Wave, ICO, and more. Projects that are short-term, didn't live to tell the tale, unlike Bitcoin, Ethereum, and BNB. All these projects are here to stay and if you ask me if they are for long-term holding, my answer will be, yes they are.
Memecoins are just being boosted by support from the people because it is fun to have them but if they find something new that will be appealing in their eyes, I am sure they won't even hesitate to switch over.
You can always buy those memecoins because it is your choice, but when it's all said and done, you will also have to know when to let go. Buy and sell it if you see an opportunity, don't fall in love with them because they ain't staying. More will keep on popping out and the old ones will be left in the dark.
Just be careful with what you will buy.
full member
Activity: 518
Merit: 184
June 10, 2023, 02:57:47 AM
#54
Meme coins like any other cryptocurrency are subject to market fluctuations and can be risky investments. Some meme coins have been popular and investing in them should be done with caution. Before investing in mem coin it is important to research and understand the underlying technology and purpose of the meme coin before investing. Many meme coins have no real world use case or utility beyond being a speculative investment which can make them more volatile. The hype surrounding meme coins can lead to short term price spikes and crashes, which can be difficult to predict or navigate. Meme coins can offer potential for high returns, they also come with significant risks.
full member
Activity: 1050
Merit: 100
June 10, 2023, 01:48:50 AM
#53
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I don't understand why meme coins such as Dogecoin, Shiba Inu, and Pepe are so famous and why do people invest in them, wondering about the future of meme coins.
You are not the only one that wonders why those coins are so popular, however they are popular just as a speculation vehicle, as the people that invest in those coins know very well meme coins will not make a lasting impact on this market, this is just about the money they can earn and nothing more, and about their impact, even if I do not think a single one of them will have a long term effect on this market, as a whole they will have some influence, as besides POW coins, stable coins and POS coins, meme coins are some of the most popular coins we have on the market.
Meme coins are popular because they can fly high and are popularized by already big name influencers. although many know that coin memes are risky for investment, in fact there are still many people who like this coin to multiply their money. Of course, we know shiba, which is still at the top. Whether there will be a good future or not, no one knows for sure, but in fact it still has a large community. early investors smiled. but those who follow him for fomo will weep for an unknown length
legendary
Activity: 2716
Merit: 1383
June 09, 2023, 11:21:34 PM
#52
...

I don't understand why meme coins such as Dogecoin, Shiba Inu, and Pepe are so famous and why do people invest in them, wondering about the future of meme coins.
You are not the only one that wonders why those coins are so popular, however they are popular just as a speculation vehicle, as the people that invest in those coins know very well meme coins will not make a lasting impact on this market, this is just about the money they can earn and nothing more, and about their impact, even if I do not think a single one of them will have a long term effect on this market, as a whole they will have some influence, as besides POW coins, stable coins and POS coins, meme coins are some of the most popular coins we have on the market.
legendary
Activity: 2758
Merit: 1004
Buzz App - Spin wheel, farm rewards
June 09, 2023, 09:59:26 PM
#51
as far as i know, doge coin has lasted a long time until now, even the price has gone up. So, I think, meme coin also has a future as long as there is development or active users or communities who continue to make transactions from the coin. Besides doge, shiba is also an example that meme coin still has a future. however, not all meme coins are like that, and we don't know what will happen in the future. because of that, coin memes are always said to have a big risk.
sr. member
Activity: 2842
Merit: 326
Vave.com - Crypto Casino
June 09, 2023, 06:41:05 PM
#50
only very few have a future, the other are being taken advantage only for short term pump and dumping, nothing more, if you wanna seek meme coin that have future, seek the meme coin that have massive supports from the community.
Investing in meme coin should be on a short term perspective by a wise investors once a reasonable profit is earned after some massive pump in price of the meme coin I think the investor should divert to a new potential coin because of most of those of meme coins are hyped thus a lot of them are not sustainable project, however the OP will have to make a thorough research to search for a potential long term meme coin of course there is were such an investor has a lot work to do because meme coins do enjoy massive support yet were not sustainable by their developers.
sr. member
Activity: 1610
Merit: 406
PredX - AI-Powered Prediction Market
June 09, 2023, 06:29:45 PM
#49
why do people invest in them, wondering about the future of meme coins.

Of course to get rich. There's nothing about memecoin that makes it such a prestigious project. They take advantage of people who dream of generating returns up to tens of times like SHIBA and DOGE. Coins like PEPE are also trying to gain community and enlarge their community so that the coin continues to be used and increases in value. One day as the community gets bigger I'm sure their prices will go down and keep going down like what happened to Shiba.
legendary
Activity: 3276
Merit: 1029
Leading Crypto Sports Betting & Casino Platform
June 09, 2023, 06:15:27 PM
#48
I don't understand why meme coins such as Dogecoin, Shiba Inu, and Pepe are so famous and why do people invest in them, wondering about the future of meme coins.
They have the good hype and a good community but with regards to their usage, its hard to tell more about their future. If they remain like that, there’s a big chance for a new meme token to rise above them. Meme token will always have a place in this market as they are hyping the project itself, and I see this as a short term investment only so don’t play long. If there’s a new meme token, early investors are the one who make a lot of money.
Good hype? I agree.
Good community? I doubt.
As you've mentioned, meme tokens have no utility. The only thing which puts value into such coins, is demand from hype and popularity which only lasts for a short period of time upon its release in the msrket or exchangers. So if it is futuristic viewpoint, nothing's assured. Most of the time, memetokens' value are only going with trend but never leads it. Most of the meme tokens has no progressive development over years therefore, it would be some sort of a gamble investing and holding it for years unlike with other cryptos which have utilities, sustaining its market price for a long period of time.
well their community are quite good maybe because they just don't care about the utility but they just blindly invest in it because they are real fans, trying to see from other perspective here.
after all the meme coin fans in general just doesn't care about project fundamental, what they care is price movement, and volatility.
that's like the most essential thing that they seek when they are investing after all, they invests in meme coin certainly for reasons.
but certainly these so called fans will just leave the token if they see volatility isn't sufficient and maybe when they've successfully liquidated their investments which definitely give them good profits.
legendary
Activity: 3122
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
June 09, 2023, 05:26:04 PM
#47
I don't understand why meme coins such as Dogecoin, Shiba Inu, and Pepe are so famous and why do people invest in them, wondering about the future of meme coins.
They have the good hype and a good community but with regards to their usage, its hard to tell more about their future. If they remain like that, there’s a big chance for a new meme token to rise above them. Meme token will always have a place in this market as they are hyping the project itself, and I see this as a short term investment only so don’t play long. If there’s a new meme token, early investors are the one who make a lot of money.
Good hype? I agree.
Good community? I doubt.
As you've mentioned, meme tokens have no utility. The only thing which puts value into such coins, is demand from hype and popularity which only lasts for a short period of time upon its release in the msrket or exchangers. So if it is futuristic viewpoint, nothing's assured. Most of the time, memetokens' value are only going with trend but never leads it. Most of the meme tokens has no progressive development over years therefore, it would be some sort of a gamble investing and holding it for years unlike with other cryptos which have utilities, sustaining its market price for a long period of time.

once the holders of this meme token dumped their holdings, they won't care anymore about its existence. so yeah, there's no future in this market because it won't survive.
we have seen this countless times already. not only with meme tokens but crappy alts with no use case. short lifespan. dump. and gone.
the old meme coin, doge, survive long because it gained a seemingly good usage in the transfer purposes area. however, when it was hyped by musk, the fees become expensive as compared to other alts.
legendary
Activity: 2576
Merit: 1252
Leading Crypto Sports Betting & Casino Platform
June 09, 2023, 05:19:28 PM
#46
I don't understand why meme coins such as Dogecoin, Shiba Inu, and Pepe are so famous and why do people invest in them, wondering about the future of meme coins.
They have the good hype and a good community but with regards to their usage, its hard to tell more about their future. If they remain like that, there’s a big chance for a new meme token to rise above them. Meme token will always have a place in this market as they are hyping the project itself, and I see this as a short term investment only so don’t play long. If there’s a new meme token, early investors are the one who make a lot of money.
Good hype? I agree.
Good community? I doubt.
As you've mentioned, meme tokens have no utility. The only thing which puts value into such coins, is demand from hype and popularity which only lasts for a short period of time upon its release in the msrket or exchangers. So if it is futuristic viewpoint, nothing's assured. Most of the time, memetokens' value are only going with trend but never leads it. Most of the meme tokens has no progressive development over years therefore, it would be some sort of a gamble investing and holding it for years unlike with other cryptos which have utilities, sustaining its market price for a long period of time.
legendary
Activity: 2940
Merit: 1083
June 09, 2023, 05:05:22 PM
#45
I don't understand why meme coins such as Dogecoin, Shiba Inu, and Pepe are so famous and why do people invest in them, wondering about the future of meme coins.

First of all, what's your understanding and definition of the word "future"?

Technically speaking, if a token doesn't have a reasonable use case or a working product that somehow can be considered a game-changer, what can we expect in its future? Why should we use that coin? Why should we buy it? Why should we support it?

Some popular meme coins today are backed up by famous and big individuals that's why it able to make names.

It's risky to trust your money with a coin that is a product of hype "unless you will able to learn how to ride on it".
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