Topic: Forget Bitcoin - Memecoins Like Pepe, FLOKI and Bonk Are the Big Gainers Now (Read 1069 times)

Memecoins can give you a lot more profit than Bitcoin but Bitcoin profits are far, far more guaranteed than they are investing in one of the ridiculously expansive list of memecoins there are. It all depends what your level of desired risk is. I don’t think it’s a good idea to put too much of your portfolio in memecoins because it can go badly wrong.

The memecoin craze has returned in full force, with several meme-themed cryptocurrencies seeing massive gains recently. Leading the pack is PepeCoin (PEPE), which has skyrocketed over 60% in the last 24 hours.

Pepe is a memecoin based on the popular Pepe the Frog meme. It was originally launched in 2013 but gained renewed interest this year as the memecoin market heated up again. The recent price surge has made Pepe one of the top trending coins today, according to CoinMarketCap.

Other memecoins seeing big gains include Wif, FLOKI, SHIBA and Bonk. All doing impressive numbers over the weekend.

The return of memecoin mania also reflects the powerful momentum of hype and virality in crypto. Memecoins often have very enthusiastic online communities that aggressively promote their coin, fueling massive rallies. While memecoin investments are highly risky due to the volatility, the potential for explosive short-term gains is enticing many retail investors.

The comeback of memecoin mania is also indicative of the current bullish sentiment in the crypto markets. With Bitcoin and Ethereum recovering strongly in 2024 so far, investors are more willing to speculate on altcoins in hopes of parabolic returns. This is pushing up memecoins along with the broader altcoin market.

The big question is: which memecoin will perform best going forward this year? Could we see Dogecoin reclaim its former glory as the king of memecoins? Or will newcomers like Pepe, FLOKI, WIF and Bonk continue to steal the spotlight? I'll like to hear your views...

Memecoins can give you a lot more profit than Bitcoin but Bitcoin profits are far, far more guaranteed than they are investing in one of the ridiculously expansive list of memecoins there are. It all depends what your level of desired risk is. I don’t think it’s a good idea to put too much of your portfolio in memecoins because it can go badly wrong.

-snip-
The big question is: which memecoin will perform best going forward this year? Could we see Dogecoin reclaim its former glory as the king of memecoins? Or will newcomers like Pepe, FLOKI, WIF and Bonk continue to steal the spotlight? I'll like to hear your views...

Anyone into Crow with Knife?

I have just found it and looks promising, only $50m market cap and pretty much of all of its supply in circulation.

If it can just get to $1b market cap that would be a 20x return so will probably have a small gamble on it.

Of course. The "meme" coins hype won't last forever. Eventually, major "meme" coins will disappear as people move on to the next big thing in crypto. The only "meme" coin that will survive is Dogecoin. Why forget about Bitcoin when it's the one cryptocurrency that started it all? You'll win more by holding BTC long term than holding worthless "meme" coins. They're highly-speculative and risky.

Just because Elon Musk endorsed Dogecoin, doesn't mean you should put all of your life savings into it. People truly don't understand how crypto works. Hopefully, the industry moves beyond speculative assets ("meme" coins, NFTs, etc) and focuses on utility. Who knows what the future will bring?

I understand that in the short term, memecoins, which serve no real purpose, have been performing extremely well. However, it's important to keep in mind that these coins are speculative assets and carry substantial risk...

While Dogecoin holds a special place as the most well-known memecoin, I personally wouldn't consider it a long-term investment. Furthermore, Binance has been delisting projects nowadays that have made meaningful contributions to the cryptocurrency space in the past, indicating that memecoins may not remain listed on Binance for an extended period...

There is a lot of merit in your view, but we should not forget that the period we are in is a transient period...

...

Bitcoin isn't for getting rich overnight. Bitcoin investment will return you small profit but people love to investment with Bitcoin because it ensure the profit without worries. But its true that Wif, FLOKI, SHIBA and Bonk you mentioned, totally change the thought about memeocin. And after seeing gains from these memecoins, investors increased a lots and people now taking part in these risky games for making higher profit from small investment.

Bitcoin is definitely the way to go and not these shitcoins. Bitcoin may not make you rich overnight, but if you invest for long term then you are going to make money from it. The problem with people is that they have seen a few people get rich with whatever method they did, and they want to repeat that for themselves. Just because a few people got lucky doesn't mean that you will too.

These people have a choice, either go with risky stuff like this and lose money like 99% of the people do just for a chance to get richer quicker with that 1% possibility, or just keep accumulating bitcoin for years, even more than a decade, and get wealthy like 99%+ of the people did. I would go with the lowest risk and pick bitcoin easily for sure.

So you mean people should avoid bitcoin since its not worthy for them if they put small money for it? Well yeah that's correct if you put only one time small time for bitcoin then provably you provably waste your time for doing that. But if you are accumulating even for small amount then for sure all accumulated bitcoins over the years will became big. So there's no money and time wasted since they can get benefits from the actions they do.

But for sure those small movements will became big in future since there's provably an improvement will happen that's why don't underestimate the small fish since for sure if they are eager and consistent they can earn big for these hodl plans they do.

Also imagine how bigger the risk for investing on meme coin since for sure that if they could earn some few chunks from it there would be a lot more chance for them to lose big so people should be careful upon dealing meme coin since lots of them is scam. Those meme coins mentioned in this thread is big but we don't know on until when they continue to exist.