How can I understand meme coin good or bad position? - page 3.

Gallar

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Quote from: Games.Bitcoin on July 17, 2023, 10:04:50 AM

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?

To identify which meme coins have potential and which do not. This can be exemplified by the journey of the Doge coin and Shiba coin. Because currently these two coins can be said to be very popular memecoins.
For example, Doge became popular (hype) because behind it was Elon Musk's. Therefore, the figure behind the coin meme must be investigated and investigated. Because if you look at Doge's success, one of the main factors influencing it is the character behind it (Elon Musk).

Then what you have to pay attention to is Coinmeme's plans (project). Because although most coin memes do not have a clear direction or goal, there are also some coin memes that have a clear direction and goal.

Apart from that, always monitor influencers' social media which often has a big impact on coin memes which will experience an increase, and usually Twitter is a platform that is often used by crypto influencers or coin memes.

However, all the factors above do not guarantee that coinmeme will become hype or popular. Because the name is also coinmeme, most of the quality is quite bad. So if you decide to buy meme coins, my advice is just follow the above factors and after that you have to be ready with all the risks.

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Quote from: sulendra12 on August 18, 2023, 03:03:42 PM

Quote from: Games.Bitcoin on July 17, 2023, 10:04:50 AM

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?

It's the same with any coins in the market, but the main factor to determine if meme coins are in good or bad position by the hype. Because of most of the meme coins are getting attention because the hype of the memes and the assets suddenly getting a massive pump in a short time which makes the investors/traders are interested into this type of meme coins. Do your own research like usual with indicators and keep yourself update with the news because that's the most important one.

Almost every coin in the market need hype to survive and those ones that seem like they are not hyped will make investors not to see good reasons of investing in them. There are thousands of cryptocurrency projects in the market and what we ought to do as an investor is for us to be conscious and make a better plan doing research before we put our money on any cryptocurrency project be it hyped or not. It is also important for us to try and check the market for some good projects not relenting on people that don't have a good idea about the market to tell us what to do.

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Quote from: Rupok on August 18, 2023, 07:53:26 AM

।Do a good coinmarketcap analysis to know which meme coin is in a good or bad position and see which meme coin is getting the most buys and what is their market volume. And check well if they are in the top ten. Like doge is in the top ten in meme coin. Few people get good profit from this meme coin but most people make loss here. MEXC is new meme coin and very few people among investors familiar with this coin I don't think it will be very good for exchange. Meme coin lacks a lot of utility so its market value depends only on large investors. Meme coin price never increases without a bull run.

Whatever you are doing, you could be doing a wrong thing. Because there is no good memecoin and you should not invest in any of them. If you look at CMC and see some bad ones, you are doing a good job, if you look at it and see any good ones then that's wrong and you are making a mistake.

No meme project is a good one and people should not risk their money and should invest into legit stuff like bitcoin and ethereum, those are the real coins and meme ones are just there for fun, nothing more. They were not even invented for profit purposes, they were invented so that you would have some fun, that way you would be able to actually come to a conclusion that it is a good thing to stay away from them in investment, but can have some with them.

Magic-Money

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They are many meme coin's in the crypto market, especially in MEXC Exchange has meme coin's listening in the exchange and is tradable in the platform, which every crypto trader or investors always look for a good entry point to buy, base on the current market is good for a long term investment to buy at dip which cryptocurrency market is still in Bear market. Also make research respect to telegram group community and roadmap of the project in the website it helps for a better research for a good meme Coin to buy.

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Quote from: Games.Bitcoin on July 17, 2023, 10:04:50 AM

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?

It's the same with any coins in the market, but the main factor to determine if meme coins are in good or bad position by the hype. Because of most of the meme coins are getting attention because the hype of the memes and the assets suddenly getting a massive pump in a short time which makes the investors/traders are interested into this type of meme coins. Do your own research like usual with indicators and keep yourself update with the news because that's the most important one.

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Quote from: fzkto on August 13, 2023, 07:27:33 AM

Quote from: nur1labs on August 13, 2023, 04:09:19 AM

meme coin made for play only so if that have value up to the holder. anyone have it and play as joke or have value. but sometimes like doge coin even that meme it's have value as we can using as third party transaction using. So far meme coin is for fun.

It seems to me that any altcoin can be used for transactions. Probably among meme coins doge is more suitable for this, because it is not a token and has the lowest commission. But still it is really coins or tokens created for the joke, so it has the least value in the cryptocurrency market. I never consider such coins for investment.

as fee is cheap i think not problem using this. that better you using big fee. well this up to people sometimes they using fee big even they got it with profit. sometimes people doing for cheap for profit big than other people got.

this up to condition if we assumed we trade or invest to foreign platform. then for withdraw we can using cheap coin for withdraw. one of popular is doge. even people said as joke coin.

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Quote from: aseprebel on August 18, 2023, 07:00:18 AM

Quote from: Games.Bitcoin on July 17, 2023, 10:04:50 AM

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?

Remember that meme coins are often highly speculative and volatile investments. They can experience rapid price fluctuations and may not have a long-term sustainable model. If you decide to invest in a meme coin, only invest what you can afford to lose.

Mem coins are known for the fact that some of these have grown very much after listings on exchanges. But it is impossible to guess the right coin that will bring a huge profit. Usually the opposite happens, people lose money after buying such coins. I would not think about such projects at all, there are too many of them to guess the right one. It's like casino roulette.

Rupok

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।Do a good coinmarketcap analysis to know which meme coin is in a good or bad position and see which meme coin is getting the most buys and what is their market volume. And check well if they are in the top ten. Like doge is in the top ten in meme coin. Few people get good profit from this meme coin but most people make loss here. MEXC is new meme coin and very few people among investors familiar with this coin I don't think it will be very good for exchange. Meme coin lacks a lot of utility so its market value depends only on large investors. Meme coin price never increases without a bull run.

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Quote from: Games.Bitcoin on July 17, 2023, 10:04:50 AM

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?

Remember that meme coins are often highly speculative and volatile investments. They can experience rapid price fluctuations and may not have a long-term sustainable model. If you decide to invest in a meme coin, only invest what you can afford to lose.

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Quote from: Ziskinberg on August 17, 2023, 05:38:23 AM

Quote from: barhavsky on August 17, 2023, 05:09:29 AM

it is very difficult to know which meme coin is in a good or bad position, because investing in meme coin is like you are gambling, if you are lucky then you will get a profit, but if you are unlucky, then you will lose your money, so my advice is if you want to invest in meme coin, so it's better for you to invest when the meme coin is hype and of course when you get a profit, it's better for you to sell it immediately and don't be greedy, because when the hype is gone, then the price will go down and it can make your money disappear, so if you are not ready to lose your money, then you better not to invest in meme coin.

Perhaps, they are not good anyway. Meme just got attention and become famous because of its hype and massive growth of investors, yet they are just taking advantage of the hype and then leaving after. In this situation, we can never say meme coins are suitable for long-term investment nor it was good at it as they are not potentially profitable long-term. Well, we can see they are famous these days but sooner or later, it will turn down and there is new sets of projects that will rise and make another hype.

For a very long time I assumed that meme coins will simply disappear and never heard about again, however of all the shitcoins we have seen over the years there is little doubt meme coins are the most successful and this has made them incredibly resistant.

With this in mind the people that want to earn some fast profits immediately think about investing in meme coins, and when there are so many people like that on this market that are willing to take their chances with those coins hoping to strike rich then the chances they will fully disappear are basically zero at this point in time.

Ziskinberg

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Quote from: barhavsky on August 17, 2023, 05:09:29 AM

Quote from: Games.Bitcoin on July 17, 2023, 10:04:50 AM

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?

it is very difficult to know which meme coin is in a good or bad position, because investing in meme coin is like you are gambling, if you are lucky then you will get a profit, but if you are unlucky, then you will lose your money, so my advice is if you want to invest in meme coin, so it's better for you to invest when the meme coin is hype and of course when you get a profit, it's better for you to sell it immediately and don't be greedy, because when the hype is gone, then the price will go down and it can make your money disappear, so if you are not ready to lose your money, then you better not to invest in meme coin.

Perhaps, they are not good anyway. Meme just got attention and become famous because of its hype and massive growth of investors, yet they are just taking advantage of the hype and then leaving after. In this situation, we can never say meme coins are suitable for long-term investment nor it was good at it as they are not potentially profitable long-term. Well, we can see they are famous these days but sooner or later, it will turn down and there is new sets of projects that will rise and make another hype.

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Quote from: Games.Bitcoin on July 17, 2023, 10:04:50 AM

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?

it is very difficult to know which meme coin is in a good or bad position, because investing in meme coin is like you are gambling, if you are lucky then you will get a profit, but if you are unlucky, then you will lose your money, so my advice is if you want to invest in meme coin, so it's better for you to invest when the meme coin is hype and of course when you get a profit, it's better for you to sell it immediately and don't be greedy, because when the hype is gone, then the price will go down and it can make your money disappear, so if you are not ready to lose your money, then you better not to invest in meme coin.

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Quote from: gurunanakji777 on July 24, 2023, 04:32:18 AM

I believe there is no way to find out whether a meme coin is good or bad. If Binance were adding MEME coins daily, we could have said that you can buy them and take the risk. However, MEXC is not a top-tier exchange, so I don't trust the frequent launch of new meme coins. If you are very lucky, you might make some profits, but most of them won't rise significantly, and after some minor movements, they may become stagnant. Once a MEME coin experiences a pump, don't expect it to pump again; greed might lead to losses as the chances of that happening are high. Overall, I would advise not to rely on any guarantee regarding meme coins, as they may pump beyond imagination but also involve a substantial risk when holding them.

I agree that there is no tool that reveals whether the memcoin in front of you is good or not. The only option to buy a good memcoin is to buy everything. With dozens of new memcoins hitting the market every day, the probability of hitting a gem the first time is slim to none. I understand why many investors suddenly have these questions in their heads, FOMO does its thing and makes you look for something that doesn't exist in nature. Any indication of whether a coin is good or not. Memcoins are roulette, when people come to a casino, it's not like they are trying to ask what number on roulette is good and what is bad. It's all absolute randomness, just like in the case of investing in memcoins.

fzkto

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Quote from: nur1labs on August 13, 2023, 04:09:19 AM

meme coin made for play only so if that have value up to the holder. anyone have it and play as joke or have value. but sometimes like doge coin even that meme it's have value as we can using as third party transaction using. So far meme coin is for fun.

It seems to me that any altcoin can be used for transactions. Probably among meme coins doge is more suitable for this, because it is not a token and has the lowest commission. But still it is really coins or tokens created for the joke, so it has the least value in the cryptocurrency market. I never consider such coins for investment.

nur1labs

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meme coin made for play only so if that have value up to the holder. anyone have it and play as joke or have value. but sometimes like doge coin even that meme it's have value as we can using as third party transaction using. So far meme coin is for fun.

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Quote from: yazher on August 10, 2023, 02:18:23 PM

This is because when they see the successful stories of those people that invested in the Doge coins, they thought the same when some of these new meme coins were first introduced to the public and money people are aware of their existence and also the cheap price helps a lot to gather huge numbers of investors at that time that's why the price suddenly rise, and many people are also successfully gain a decent amount of income because of it. You can even judge the coin by its usage because sometimes meme coins like these are in huge advantage compared to some coins that have a real purpose in the world.

But there are a huge number of meme coins, and no one knows which one of them can go to the moon. In my understanding, to benefit from a meme coin is like trying to win the lottery, the chances are very small, even if you buy every meme coin with the hope that one of them will make you rich, this may never happen but you will spend a lot of money on buying unnecessary shitcoins.

I_RodimusPrime

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There are no good or bad meme coins. it's pump when there is a hype and it's down when the hype down. When meme coin pump in hype people called to good meme coin and when whales exit from it and it's bleeding to hell people called it scam or bad coin don't invest. Cool

cute nmp

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Memes coin don't have any much value there are mostly Pump and dumb. You have to be very careful on when to buy or sell otherwise you will lose alot of money. I will advise you to buy tokens from good projects that have a very good concept ,Also make good research before investing in any project cause the crypto-market can be very volatile.

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Quote from: wxa7115 on August 11, 2023, 11:35:02 PM

Quote from: o48o on August 10, 2023, 02:30:42 PM

You can see the same effect with lottery winners. When people hear interviews of every lottery winner, they lose the sight, that most of the people who play that game haven't won anything. And if you interviewed those losers, you couldn't probably watch 1% of those interviews in your lifetime because of the time it would take.

There can be only so many people who buy the bottom before the price starts to rise and you will be part the rest of the people who did invest during the peak, and can now only hope for new peak.

This is a very simple concept and yet people hardly get it, it is as if they do not understand cause and effect, if someone invest 10 dollars in a meme coin and then they sell their coins for 1k then those 990 dollars in profits had to come from other people.

Then it is easy to see that in order for a single winner to exist there needs to be a huge number of losers, and despite the odds being so bad every single person investing in those meme coins believe they can be part of the winners.

identifying meme coins is very difficult, the main benchmark for assessing is how many communities and market caps are also the development of the token, it can be relied upon when compared to other meme coins.

In the mechanism there are those who profit, then there must be losses, those who are profitable buy it early and those who lose are those who buy at the end of the price increase which in the end freefalls again when people have thrown away their coins, that's how they work.
The probability of a meme coin is very small, of course you have to pay attention and be careful, don't use money that shouldn't be invested there.

wxa7115

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Quote from: o48o on August 10, 2023, 02:30:42 PM

You can see the same effect with lottery winners. When people hear interviews of every lottery winner, they lose the sight, that most of the people who play that game haven't won anything. And if you interviewed those losers, you couldn't probably watch 1% of those interviews in your lifetime because of the time it would take.

There can be only so many people who buy the bottom before the price starts to rise and you will be part the rest of the people who did invest during the peak, and can now only hope for new peak.

This is a very simple concept and yet people hardly get it, it is as if they do not understand cause and effect, if someone invest 10 dollars in a meme coin and then they sell their coins for 1k then those 990 dollars in profits had to come from other people.

Then it is easy to see that in order for a single winner to exist there needs to be a huge number of losers, and despite the odds being so bad every single person investing in those meme coins believe they can be part of the winners.

Topic: How can I understand meme coin good or bad position? - page 3. (Read 1103 times)