Do meme coins have a future? - page 9.

Ziskinberg

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Quote from: cryptosk04 on June 06, 2023, 08:57:48 AM

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 can actually assess the potentiality of these projects through their purpose of creation (use-cased).
Well, Dogecoin and Shiba Inu have that kind but with Pepe coins and the rest of the new meme coins, they are not contributing any help to the crypto space. They gain attention because of the unexpected price growth, yeah, everyone got surprised by it. It was the usual thing that happens to any project but guess what, people love it as it gives them a chance to earn more profit compared to the other projects. Yes, that was too risky but many people don't mind it as they are very certain that their decision is right.

lalabotax

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I'm really confused and can't understand why there are still so many people asking questions like this. Ask about meme coins. It is undeniable that the meme coins hype, which has actually ended, still exists. This is because of the hype that happened when Doge soared very high and finally a lot of meme coins appeared. Which can make many people suddenly rich, but also make many other people lose a lot of money and become poor suddenly. Wake up, the meme coin era is over. Even if there is hope, it may not be much and it may only happen to big coin memes like Doge and Shiba Inu. Meanwhile, if you are offered other meme coins, it's better to just step back, don't risk yourself going too far and high on meme coins.

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Quote from: goaldigger on June 09, 2023, 05:09:09 PM

Quote from: cryptosk04 on June 06, 2023, 08:57:48 AM

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.

Do remember, not all meme coins or tokens can pull off in the market.
Some of them just die down without seeing the light in the exchange.
So don't invest in every meme token that you will encounter of, very few can make it in the market and survive.
Some are surviving because they found a community that is continuously supporting the hype, but once they got tired,
and got their profits, they can easily abandon the project especially if there's really no use case in the market.

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Quote from: goaldigger on June 09, 2023, 05:09:09 PM

Quote from: cryptosk04 on June 06, 2023, 08:57:48 AM

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.

Come to mind about on whats happening on SHIB on which it is purely a meme coin which is really that next or been inspired on DOGE and now it did really make that huge increase in price despite on being on the bear market or simply much still higher compared into those previous years prices. Wayback, it doesnt really have that usage or utility or even up to now until it did make out some development and
ending up on creating that Shibarium which is something that hasnt been launched. Therefore, we could really say that there's still possibility that a meme coin would really be able to develop itself when it comes
to utility which is something that might happen on PEPE as of this moment if ever this one would surpass or the next SHIB as they say.

Speaking about future, theres no such thing about being assurance about a certain coins future but in speaking about utility and recognition then it could possibly happen despite
of being a meme coin. We know that this market does have all the possibilities on which it could be able to happen.

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Quote from: cryptosk04 on June 06, 2023, 08:57:48 AM

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.

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Meme coins have no future or project and were not created to solve a problem, they are just a "memorial token" of something without any purpose.

It only depends on the hype, so you don't have to know anything about the project or the future of the meme, all you have to do is make some profit from the hype.

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Quote from: cryptosk04 on June 06, 2023, 08:57:48 AM

Recently, I studied Polygon MATIC, which is solving the problem of high gas fees on the Ethereum-based apps.

Yep. MATIC is a good coin, its project brings big impacts on crypto world by giving an alternative for people in transferring their coins/tokens. Using MATIC will spend lower transaction fees, it really gives an advantage to every crypto user. Also, MATIC is one of the top altcoins and it is always a recommended altcoin to invest in because it has a good product (a good fundamental). So, do you already invest in MATIC?

Quote from: cryptosk04 on June 06, 2023, 08:57:48 AM

In the past few days, PEPE, a new meme coin, has gained massive attention in the community. But I actually didn't understand what could be its major objective. Is there any reason to say this meme coin will work for the betterment of the entire crypto and Web3 realm?

Meme coins are always the same, they have no clear future because they have no fundamentals and have no real use case. PEPE becomes famous now because it is hype, but it won't last a long time. The hype is easy to end, be careful that the price may freefall if it is no longer hype.

I don't think these new meme coins to have a real contribution to Web3 realm or entire crypto. Meme coins only give a contribution to their community and the developers. Grin

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With the evidence of high manipulation in the altcoin market, couple with the new wave of web3/and other development hypes, it hard to predict what the future has for this development and from the evidence of many crashed that have happen with many projects in their categories it make the fear of investor to be high and caused them the lose trust in those projects so even if the hold those web3 or meme coins it will just be a short term speculation and nothing more than that, but for long term holding one will need to concentrate on Bitcoin as the only viable long term assets.

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Quote from: kesmex on June 07, 2023, 11:21:40 AM

Of all Memecoins, only 1% have a future, for example Doge, Shiba, Pepe, and Floki.
In my opinion, these four memecoins are still very good for the long term, especially for Doge,
don't doubt it because one of the top influencers, Elon Musk, bought Doge and held it. Doge for a bullish season.

This applies not only to meme coins but BRC-20. Startups like this fade quite quickly because they are originally designed for one day. I pass by such projects, even if there is 1% of coins with a million hype.

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Meme coins often attract new and inexperienced investors, who may be lured by the hype and promise of quick returns. The trend and viral nature of meme coins may have contributed to their initial popularity, but it is essential to recognize the potential risks and limitations associated with these investments. The long-term success of any crypto project, coin meme or otherwise, depends on factors like technological innovation, real-world utility, and community involvement. While meme coins can generate short-term excitement and generate substantial returns for some investors, it is important to exercise caution and conduct thorough research before investing. It is essential to evaluate the fundamentals of a project, including technology, team, community, and long-term sustainability potential.

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Quote from: Jocuserious on June 09, 2023, 02:44:27 PM

We don't know but if meme coin future will successful then many investors can make success profits range. I think never invest only one meme coin then you can't make profits but if you can buy 4-5 meme coin then if 1-2 project will taken hit market then we can got profits from there.

But you need to know the risks that will occur if you invest your money in the 4-5 memecoins that you suggest. Memecoin is a coin that doesn't even have utility and is just a joke at first. Ok maybe memecoins like DOGE, SHIBA are still pretty good and I also have them till date. But some of the new memecoins that are currently appearing more and more, of course, need to be watched out for because there are lots of scam memecoins that only give big losses to many people.
It's best not only to invest in memecoin, but Bitcoin and Altcoins like ETH must be made the main investment choice.

Jocuserious

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We don't know but if meme coin future will successful then many investors can make success profits range. I think never invest only one meme coin then you can't make profits but if you can buy 4-5 meme coin then if 1-2 project will taken hit market then we can got profits from there.

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Quote from: cryptosk04 on June 06, 2023, 08:57:48 AM

I'm new in the crypto space and understanding different crypto projects. While the majority of cryptocurrencies I have studied about have some kind of a solution to the existing problem in Web 3.0, DeFi, etc. Recently, I studied Polygon MATIC, which is solving the problem of high gas fees on the Ethereum-based apps.

In the past few days, PEPE, a new meme coin, has gained massive attention in the community. But I actually didn't understand what could be its major objective. Is there any reason to say this meme coin will work for the betterment of the entire crypto and Web3 realm?

There is another new meme coin called SNEK, based on Cardano. What impact these meme coins will create in the crypto space?

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.

Meme coins have a future in a sense that there will be always meme coins/tokens.

But one memecoin having a long term future is whole another thing. Most of them die, just like most tokens in overall die and most nfts, even most exchanges. And new will come to replace them,
There are only so many community members that when markets get saturated with too many new coins there just are not enough community members for everyone of them
When meme coins will prevail but it's really hard to say which ones they will be.

When it comes to meme coins they don't even depend on devs. Doge has zero development. Just a community of miners and holders.

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Quote from: bussybuddy on June 06, 2023, 09:54:42 AM

Check this out for yourself looking at memecoins, from what I'm seeing are essentially all exaggerated promises that take advantage of newbies' ignorance to spread information that to I am completely wrong in the investment environment. Maybe the stubbornness in the words of the people who are supposed to bring influence and bring out the glamor to attract people to them, this crypto space is very diverse in different fields, I can form when all fields have not met their expected capacity and also with the context of the market economy is not good, bad variables appear to sneak in and take everyone's money.

This is how meme coins gain their reputation. They are known to gather newbies and make a temporary community about hyping their tokens up and make false promises that I don't know how even long term crypto users are fooled. Maybe it's because of the trend why people still buy meme coins but I'm certain that meme coins will just come and go. Established meme coins are different since they have a community that is devoted to promote their coin.

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Meme coins are mostly driven by hype and social media influence, rather than by real value or utility. They are very risky and volatile, and often subject to pump and dump schemes. I think meme coins are not good for the long-term health of the crypto space, as they distract from the more serious and innovative projects that are trying to solve real-world problems.

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Quote from: cryptosk04 on June 06, 2023, 08:57:48 AM

I'm new in the crypto space and understanding different crypto projects. While the majority of cryptocurrencies I have studied about have some kind of a solution to the existing problem in Web 3.0, DeFi, etc. Recently, I studied Polygon MATIC, which is solving the problem of high gas fees on the Ethereum-based apps.

In the past few days, PEPE, a new meme coin, has gained massive attention in the community. But I actually didn't understand what could be its major objective. Is there any reason to say this meme coin will work for the betterment of the entire crypto and Web3 realm?

There is another new meme coin called SNEK, based on Cardano. What impact these meme coins will create in the crypto space?

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.

Meme coins are nothing without community hype, so they basically have no future at all nor do they serve any purpose towards any sphere of blockchain technology be it DeFi, NFT, Web3, or anything you can think of. They are just created to attract community hype and if they manage to get that and people start investing in them, they gain value for a certain period of time until the hype is over, and then they become stable forever.

Even if they don't become stable, they can barely manage to cross their previous all-time high anytime in the future unless the community again starts hyping them and they gain more investment than before but that is not very likely to happen in most cases.

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Quote from: huu78 on June 07, 2023, 11:11:16 AM

memecoin can survive if the dev really tries hard to build a solid community, like shiba inu doge and pepe, they are at the top because they already have a community and a good image.

It's only happen when the dev was honest dev but 99% of meme developers are liars. They were only fooling the community to buy their shit scam meme coin. The dev will be dumping on their investors's ass.

IThe only stupid people who keep gambling their money on the meme tokens. This kind of token has no future.

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Crypto market is at its nascent stage. It's just 12-13 years old. So what you are seeing now, is actually the early phase of gold rush without any regulations in place. That won't last long. So all meme coins that you see today, will surely disappear.

My suggestion is that, if you want to gamble, invest in memecoins and get out at the right time. But always keep bitcoin and ETH in your portfolio. Memecoins do not have a future. It's just a hype and gold rush. They won't win the test of time.

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Quote from: huu78 on June 07, 2023, 11:11:16 AM

memecoin can survive if the dev really tries hard to build a solid community, like shiba inu doge and pepe, they are at the top because they already have a community and a good image.

If the team of the meme coin knows what they are doing and they have the plan to prolong the project, there is no way the project is not going to survive the market even though they don't have strong community to back them up. There are people that have made a lot of money from coin projects because they are able to position there community in the way more investors keep joining to increase the total market cap of the coin. One of the things that do make investors to keep buying a particular project is the market and the way they are exposing the coin to whales that are ready to buy and hold the project for a long term basis.

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Quote from: cryptosk04 on June 06, 2023, 08:57:48 AM

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.

Because they are Meme. They doesn’t promised long term profit but a short term pump and hype. This type of coins doesn’t have utility which makes it easier for traders that want a quick gamble to purchased this kind of token.

Also we can give a lot of credits to Elon Musk which start everything on meme tokens market. Elon pump dogecoin which is now the role model and goal of other meme coin for profitability. Just like Bitcoin to the rest of altcoin. Dogecoin become the Bitcoin on all the meme coins that’s why every investors on meme coin thinks that their meme coin can grow like Dogecoin someday.

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