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Topic: How can I understand meme coin good or bad position? (Read 1103 times)

member
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Each legit altcoin has a roadmap. What to do with it, how to use it, how it become helpful to people as well as for build up new technology. But memecoin doesn't have any of such quality. Created for fun purpose only, once after ceo able to got people's money, this game is closed down. No matter where it is get listed. Listing is just a formality, doesn't guarantee a altcoin to live long or stay in the market for long. So big "No" for memecoin

That's why I was also surprised when I read senior comments on the forum, many advised to stay away from memes. If you don't understand them, don't go in and buy them. But. At first glance what you're saying also seems to point in that direction. Just like the crowdfunding model and If something like yours happens, let me know what happens to those who already bought it. Grin Grin
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Each legit altcoin has a roadmap. What to do with it, how to use it, how it become helpful to people as well as for build up new technology. But memecoin doesn't have any of such quality. Created for fun purpose only, once after ceo able to got people's money, this game is closed down. No matter where it is get listed. Listing is just a formality, doesn't guarantee a altcoin to live long or stay in the market for long. So big "No" for memecoin
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the thing with these exchange is that, they only list meme coin that they consider could somehow boost the trading volume in their platform not because they have promising future, but because the platform wanna grow the number of their trading volume up. its simple actually. being listed in exchange doesn't mean the meme coin legit, meme coin as the name implies is just shitcoin using some meme theme nothing more.
true mainly they use bot for trading to maintain the volume and try to attract investors intension. Many time i go there for sell some coins, there's no good order and automatically buy sell is going on after each 5 to 10 minutes later. This is how a coin and exchange fool people by make them inspire with such dumb strategy. So before buying any coins, need to go its depth for analysis. Although analysis on memecoin is kind of wasting time cause the profit margin will be remain zero, at the end
sr. member
Activity: 1680
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Meme coins are simply meme coins. It all depends on the hype. We can see meme coins that will do 20 times better than DOGE but it all depends on the hype backing it. It is possible that a meme coin that seems like nothing suddenly gains a lot of hype and noise and the next thing it becomes the talk of the town. With this format with which they blow up, you can't really tell if they are good or bad because their value falls back on the hype level. I generally like to advise strong research before getting involved in normal Altcoins let alone meme coins. If you must invest in them, only do it with an amount that you can comfortably risk without FUD.
Since the price of Doge skyrocketed, so many meme coins, there are many risks that we have to face. So far, meme coins have always taken advantage of their hype period to become famous and ultimately skyrocketed in a short time. And herein lies the trap. because usually the price will immediately plunge and will not be able to come back again. And at that moment, many beginners end up trapped in a high buying position and cannot sell again at that price. So, large losses are often experienced here too. It would be better if you avoid meme coins if you don't know how to utilize them
The risk faced is no way proportional to the number of meme coins that has emerged since Doge. Every meme coin is a risk. Even Doge at that time was a risk. In fact, I could see replies of people under Elon’s tweet saying that he ruined their life (they definitely got in late). Also, there’s no way to utilize meme coins, instead you can say that it is better to avoid them if you can’t handle their volatility. But I’ll simply change that to saying that one should invest only amounts that they can bear the loss for.


FUD is the reason why many beginners are joining the ride to buy a meme coins even the price is already high. But due to the popularity, they are blinded by the profit since they don't want to miss the chance. Well, even before, whatever the current trend is (ICO, IEO, NFTs etc.) many of us tend to follow the hype because we want to profit. However it's a must for us to know what we are getting into before buying. Like these meme coins, they're risky to invest in compared to established coins. Therefore, always DYOR, so regardless of the result (if ever you invest) it happened because that's your decision and no one coerce you.
FUD means Fear Uncertainty Doubt. That can’t be the reason why beginners will join instead it should be a reason to leave. So you must have meant FOMO.
sr. member
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Be careful to buy meme coins. This is very high risk and not recommended for long term. Most of them will only rise for a while when the meme coin becomes famous  again and again.
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How can I understand a meme coin's position in the current market? Is there any way to tell if it will be good or bad? I have seen MEXC exchange add many meme tokens daily. How to identify a good token from here?

In my opinion, there is no way to identify whether a memecoin is good or not, because it's a scam, I think it's luck or gambling, I also suggest choosing low risk coins like BTC and ETH, sometimes memes have high risk and low returns, but it's up to you if you want to invest your money. This memecoin is just a suggestion to correct me if I'm wrong
peace
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Activity: 1456
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Why are you so interested in the new meme coin? do you hope the meme coin can be like shibainu? it is very unlikely to be able to compete or the price will be the same as shibainu, and don't be too hopeful about the meme coin which is only listed on the mext exchange.

Only one out of ten meme coins make your choice of acceptance successful and rest of the Meme coins are not trusted because they cannot give more benefit and you will still hold it for longer timing and it will not show any good effects of Bull run. If we are trying to get more money but we cannot earn then think wisely that the coins which you have bought are able to give you profit or you are just wasting your time by holding it. Altcoins can have abrupt increase but suddenly they goes down and then never attain their higher worth again so how can we trust altcoins easily. Exchange matters a lot therefore look into the realising of coins that on which exchange it is listed after which you can easily get for what you are working hard.
sr. member
Activity: 448
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If you want to understand meme coins in the market to it is really hard because they influenced by unknown factors. But there are some things you can think about that meme token has some potential.

First of all learn about the project. Check the team their experiences and what is the goal of them. Second think about the use case. Does it have a purpose or not. Look at the community. Find the people who are holding that meme coin is there any big wallets which have the meme coin in which you want to invest.

But the thing is that meme coins are too much risky and can give a lot or you can lose your money too. I have mentioned the points but they still have the risk too. And in my point of view the whales always get in the project and give hype to the project and get out after booking profit. I think that is the scenario which they use.
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Activity: 1442
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Meme coins are simply meme coins. It all depends on the hype. We can see meme coins that will do 20 times better than DOGE but it all depends on the hype backing it. It is possible that a meme coin that seems like nothing suddenly gains a lot of hype and noise and the next thing it becomes the talk of the town. With this format with which they blow up, you can't really tell if they are good or bad because their value falls back on the hype level. I generally like to advise strong research before getting involved in normal Altcoins let alone meme coins. If you must invest in them, only do it with an amount that you can comfortably risk without FUD.
Since the price of Doge skyrocketed, so many meme coins, there are many risks that we have to face. So far, meme coins have always taken advantage of their hype period to become famous and ultimately skyrocketed in a short time. And herein lies the trap. because usually the price will immediately plunge and will not be able to come back again. And at that moment, many beginners end up trapped in a high buying position and cannot sell again at that price. So, large losses are often experienced here too. It would be better if you avoid meme coins if you don't know how to utilize them
Luck seems to play the most important role in investment here, so managing finances is an important key to anticipating risk. Doge is one of the popular coin memes where there is a figure behind it all who is a role model for investors, but behind it all there are also many who suffer because of Doge, where at the beginning they had excessive expectations and didn't want to accept reality and couldn't think logically. so that there is suffering
hero member
Activity: 3024
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Meme coins are simply meme coins. It all depends on the hype. We can see meme coins that will do 20 times better than DOGE but it all depends on the hype backing it. It is possible that a meme coin that seems like nothing suddenly gains a lot of hype and noise and the next thing it becomes the talk of the town. With this format with which they blow up, you can't really tell if they are good or bad because their value falls back on the hype level. I generally like to advise strong research before getting involved in normal Altcoins let alone meme coins. If you must invest in them, only do it with an amount that you can comfortably risk without FUD.
Since the price of Doge skyrocketed, so many meme coins, there are many risks that we have to face. So far, meme coins have always taken advantage of their hype period to become famous and ultimately skyrocketed in a short time. And herein lies the trap. because usually the price will immediately plunge and will not be able to come back again. And at that moment, many beginners end up trapped in a high buying position and cannot sell again at that price. So, large losses are often experienced here too. It would be better if you avoid meme coins if you don't know how to utilize them
FUD is the reason why many beginners are joining the ride to buy a meme coins even the price is already high. But due to the popularity, they are blinded by the profit since they don't want to miss the chance. Well, even before, whatever the current trend is (ICO, IEO, NFTs etc.) many of us tend to follow the hype because we want to profit. However it's a must for us to know what we are getting into before buying. Like these meme coins, they're risky to invest in compared to established coins. Therefore, always DYOR, so regardless of the result (if ever you invest) it happened because that's your decision and no one coerce you.
full member
Activity: 1554
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How can I understand a meme coin's position in the current market? Is there any way to tell if it will be good or bad? I have seen MEXC exchange add many meme tokens daily. How to identify a good token from here?


mexc I guess doesn't pay much attention to the type of coins they list, as long as they get paid from the project they do it.
I see many projects listed there, especially memecoins which you say only last temporarily, if you want to buy coins like that there you have to be prepared to lose.
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Activity: 2086
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Meme coins are simply meme coins. It all depends on the hype. We can see meme coins that will do 20 times better than DOGE but it all depends on the hype backing it. It is possible that a meme coin that seems like nothing suddenly gains a lot of hype and noise and the next thing it becomes the talk of the town. With this format with which they blow up, you can't really tell if they are good or bad because their value falls back on the hype level. I generally like to advise strong research before getting involved in normal Altcoins let alone meme coins. If you must invest in them, only do it with an amount that you can comfortably risk without FUD.
Since the price of Doge skyrocketed, so many meme coins, there are many risks that we have to face. So far, meme coins have always taken advantage of their hype period to become famous and ultimately skyrocketed in a short time. And herein lies the trap. because usually the price will immediately plunge and will not be able to come back again. And at that moment, many beginners end up trapped in a high buying position and cannot sell again at that price. So, large losses are often experienced here too. It would be better if you avoid meme coins if you don't know how to utilize them
sr. member
Activity: 1680
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How can I understand a meme coin's position in the current market? Is there any way to tell if it will be good or bad? I have seen MEXC exchange add many meme tokens daily. How to identify a good token from here?
Meme coins are simply meme coins. It all depends on the hype. We can see meme coins that will do 20 times better than DOGE but it all depends on the hype backing it. It is possible that a meme coin that seems like nothing suddenly gains a lot of hype and noise and the next thing it becomes the talk of the town. With this format with which they blow up, you can't really tell if they are good or bad because their value falls back on the hype level. I generally like to advise strong research before getting involved in normal Altcoins let alone meme coins. If you must invest in them, only do it with an amount that you can comfortably risk without FUD.
full member
Activity: 560
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Eloncoin.org - Mars, here we come!
Why are you so interested in the new meme coin? do you hope the meme coin can be like shibainu? it is very unlikely to be able to compete or the price will be the same as shibainu, and don't be too hopeful about the meme coin which is only listed on the mexc exchange.
I've stock my portfolio with reasonable amounts to stake. Memecoins season is finally over but there's more to probability of earning from the system. Memecoins are the main targets, easily makes one to become confident when anticipating in the activities of the system, up and running. This system, things are settle and there are also that's complicates at the moment. He really missed out on big matches this season, what for? When I'm suppose to be indoor grinding really hard on these teams, choosing the sad days currently and reaping plenty of profits when the pay daily finally happpen.
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How can I understand a meme coin's position in the current market? Is there any way to tell if it will be good or bad? I have seen MEXC exchange add many meme tokens daily. How to identify a good token from here?


I don't think there are any good meme coins, they are only backed up by the community and a lot of money like Pepe and Memecoin.
Meanwhile for ordinary memes, it's just a pump and dump scheme coin, you could be lucky when you buy and they intend to pump, then you sell.
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How can I understand a meme coin's position in the current market? Is there any way to tell if it will be good or bad? I have seen MEXC exchange add many meme tokens daily. How to identify a good token from here?

investing in memecoin is like you are gambling, so you can't know when memecoin is good or bad, so if you are lucky then you will get a profit, but if you are unlucky, then you will lose your money, that's why I think investing in memecoin has a big risks, but with big profits too, so if you want to invest in memecoin, then you have to be prepared for the risks.
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Memecoin concept is, such coins are created without having any purpose. That's why we usually see that, memecoins pump a lot first one or two days after add on exchange to draw attention, then it lost liquidity and being traded with so called volume. Then how can you expect good thing from such coins? Only shiba, doge able to existed and gained popularity. Otherwise all memecoin fail and disappeared. It will be wasting of time if you search for something good in memecoin

lots of people can say that memecoins have given them profit this is because they knew exactly what to do many memecoins will be seen with a promising value then will disappear later on hence why they’re best for short-term investment only

learn how to spot a memecoin early on check on social media platforms which ones are at trend and search about the market it’s best if you get ahead of everyone instead of buying only once it’s already at its peak
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There are no exact conditions to indicate whether a meme coin is actually good or bad, it's just luck to be able to get instant profits from the meme token
but most meme tokens only rely on hype  after that they disappear, the meme coins slowly disappear, no one knows how long the meme coins will last
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Memecoin concept is, such coins are created without having any purpose. That's why we usually see that, memecoins pump a lot first one or two days after add on exchange to draw attention, then it lost liquidity and being traded with so called volume. Then how can you expect good thing from such coins? Only shiba, doge able to existed and gained popularity. Otherwise all memecoin fail and disappeared. It will be wasting of time if you search for something good in memecoin
hero member
Activity: 2282
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Why are you so interested in the new meme coin? do you hope the meme coin can be like shibainu? it is very unlikely to be able to compete or the price will be the same as shibainu, and don't be too hopeful about the meme coin which is only listed on the mexc exchange.
one more thing is, if mexc add any memecoin on their exchang, it doesn't mean that memecoin has potentiality to survive for long or that is a good memecoin! Not all exchanges are responsible like binance who verify coins before listing. Most of the exchange will add coins if they get Money. And such memecoins also delisted some time later. So buying memecoin based on listing on mexc exchange or any low quality ecchy, will be bad idea. Even i only found 5/6 memecoin list on cmc, where last one has more than 3000 rank something. So buying such memecoin won't worth anything
the thing with these exchange is that, they only list meme coin that they consider could somehow boost the trading volume in their platform not because they have promising future, but because the platform wanna grow the number of their trading volume up.
its simple actually. being listed in exchange doesn't mean the meme coin legit, meme coin as the name implies is just shitcoin using some meme theme nothing more.
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