How can I understand meme coin good or bad position? - page 7.

masulum

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hmph..

Quote from: Yaunfitda on July 18, 2023, 11:19:52 AM

Meme coins are pure pump and dump project, so I do hope that you know that it means. If not then you have to research for it and then come back here and. tell if if meme coins is good or bad.

Exactly, analysis to find projects that are truly supported by the community is also difficult. Therefore, it is not recommended for entries with large numbers of money to buy any meme tokens. Because we will enter into a project that is not necessarily going to continue to exist. So keep entry to a minimum until you can see all of this growing or being abandoned by contract creators,.

Xal0lex

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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?

Nohow. There is no single metric and all memcoins are equally useless until some famous player starts to spread this token in the community. Those memcoins that have good marketing are the ones that will grow. The problem is that you cannot check anywhere how much money has been allocated for marketing a particular memcoin. This information is only available to a close circle of investors who buy such memcoins just before they pump. This is insider information. For an ordinary market player, the only thing left to do is to buy everything in a row, so that someday he will be lucky enough to invest in the right memcoin, otherwise you will never identify the gem.

big kid

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You can't. Memecoins depend on hype and purely randomness. You can't 100% predict if memecoin will pump or die, it's just gambling. So make your decisions with that in mind.

shinratensei_

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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?

Meme coin's position was in a bad position right now. People were only calling it as scam tokens. Meme token is just nothing for now rather than bunch of garbage stupid shit scam tokens being issued by scammers in the market.

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

Is there any way to tell if it will be good or bad?

It will be bad for long term. You shall never believe if meme token gonna be good for long term. A few meme token will able to be good as long term investment but the rest are scam tokens that's not even worthy to be owned.

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

I have seen MEXC exchange add many meme tokens daily. How to identify a good token from here?

MEXC is only caring to earn money from scammers who scammed the users or liquidity providers. MEXC never care with its customer. It's a garbage exchange site which is always seeking to get money as much as they can.

Yaunfitda

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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?

Bad exchange + meme or shitcoin? doesn't sounds right to me, so I guess it could be a recipe for disaster? And with that meme coin is not considered a good token to be honest, so I don't know where you get that idea in the first place.

Meme coins are pure pump and dump project, so I do hope that you know that it means. If not then you have to research for it and then come back here and. tell if if meme coins is good or bad.

livingfree

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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?

You should even be careful when an exchange keeps on adding meme coins. They're not having the standard of the biggest exchange because the dumb money is on the meme coins.

Just because that exchange keeps on adding meme coins, you should get on the hype with them.

I'd tell you to think of it many times because whether you identify a good or bad token, you're unsure if it's going to be a good and profitable one. If it's hard for you to spot on new projects, stay with the tested ones.

GreatArkansas

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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?

Most of memecoins there are for sure pump and dump only especially if you are looking in an exchange that is not reputable, they can list whatever they want without doing research.
Putting your money in random memecoin is like gambling.
Dogecoin is the king of meme coin and everyone else that claiming they are memecoins are impostor of Dogecoin.

wxa7115

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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?

I am going to be direct with you, there is not really much to understand when it comes to meme coins, since meme coins do not really have any kind of function or use case.

Now this brings and interesting question, if that is the case then why meme coins exist at all and why some of them reach a high price? And the answer is that those coins simply exist to fulfill the delusions of a significant part of the market participants, they believe that if they invest in those coins then they will have a chance to become rich, and since enough of them have that mistaken belief then they can push the price of some of those coins really high and make the dreams of a few of them to come true.

SirLancelot

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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?

We all would have been millionaires by now if we could know that in advance. Meme coins are totally dependent on market hype and huge investments, so you can't simply identify if a meme coin is going to go up or not because they don't have a project, they don't have any team, they don't serve any purpose at all, they are just a coin based on a meme or nowadays, a lot of coins are not even based on memes but they are carbon copies of the already existing coins.

So it's totally useless to invest in all the meme coins only with the hope that one might go up and you get a lot of profit because most of them tend to fail and if all of them fail, you will lose a lot of money. So it's better if you just invest that amount in a token or coin that you know will gain value over time.

LogitechMouse

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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?

Nowadays, threads regarding meme coins has been created out of nowhere by these newbies, and some member ranked users as well. I wonder why?
Maybe they are trying hard to hype it again? Or they're just curious on meme coins in general.

Whatever the reason is, I would suggest to stay away with meme coins in general because investing in meme coins is like throwing your money, and losing it forever. Of course it will be a different scenario if you invested into meme coins like DOGE, and SHIB, but most of the meme coins out there are either a dead coin, a scam coin, or will be an abandoned project in a few months for me. Is there any way to tell if it's good or bad? In general, all meme coins are bad, and the risk is very high compare to the rewards that you can get.

How to identify? Just stay away from meme coins FFS. There are better projects out there, and meme coins aren't the only coins out there. Those top market capped coins are better investment than meme coins. Bitcoin is a better investment than meme coins. Ethereum is a better investment than meme coins. I mean why you focus your money in meme coins where you can invest in better projects. Lesser risk, well not that high reward compare to what meme coins can give. Cheesy

lunnatic

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Quote from: lienfaye on July 17, 2023, 07:16:21 PM

It's not advisable to invest in meme coins because of the high risk. Did you even take time to conduct a research?

Meme has no real use case and just relying on hype and speculation of investors eyeing to spot the one that likely to skyrocket. So if you're really interested, just use the amount that you can afford to lose since the result is uncertain. Moreover many investors already lose a significant amount for joining the ride of meme coins. Thus, diversify your portfolio to buy an established coins with real use case.

It's true that meme coins are very risky, but that doesn't mean we shouldn't buy them at all,
as long as it's a small amount of money I don't think it will be a problem,
it's better to buy coins that have future prospects than buying meme coins which will only be a waste of time.

lienfaye

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It's not advisable to invest in meme coins because of the high risk. Did you even take time to conduct a research?

Meme has no real use case and just relying on hype and speculation of investors eyeing to spot the one that likely to skyrocket. So if you're really interested, just use the amount that you can afford to lose since the result is uncertain. Moreover many investors already lose a significant amount for joining the ride of meme coins. Thus, diversify your portfolio to buy an established coins with real use case.

n0ne

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Already it is hard to analyse and understand the market of the altcoins. Memecoins need to be considered just as a gamble. Based on ones affordability should be the investment. This will help with the betterment of taking profit out of the investment, if the growth doesn't happen then the same shouldn't be disturbing our portfolio. There is nothing as good and bad position, it is just a gamble and the luckiest survives with good return that cannot be imagined.

dothebeats

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I usually just base my decisions on hype, or just not dare touch these meme coins at all. You can see how well they’re doing in the market by checking their daily volume and also the depth of the order books. On investing in memecoins, make sure that it’s one of the main coins that is being talked about in a lot of communities. They are the driving force of the prices and they also decide whether the coin is a flop or not. There is no real way of telling whether a meme coin is destined for price appreciation apart from looking at its community and how active they are.

JeffBrad12

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there's simply too many uncertainty with meme coin, you couldn't determine whether its in a good position from fundamental because it doesn't have any fundamental at all in the first place.
the thing with meme coin is that its full of speculation, if you want to identify when to make an entry, the only thing you could do is not to make an entry when the price already rising so high that
it doesn't even make sense for you to bag hold these coin in general.
you should just speculate when it was still relatively low in market capitalisation otherwise you'd just wasting your time.

Mehedi72

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Lol. You can't. First try to remember the Definition of meme coin!! A coin what has no use, no purpose, no potentially, no future security but created for fun!! Now tell me, how can such kind of coins are good? A rare memecoin like shiba doge get succesful but thousands of memecoin will come and go. You saw mexc listing memecoin but try to see how many get scam daily or dead after once time hype.

Jocuserious

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Common sense investing in meme coin involves a lot of risk.
On the other hand if you can spend money then any exchange will list your token. So a meme coin project can choose any exchange to list and for that they have to spend some money and tokens.

My point is that you should research the situation of any token from cmc and not get all the answers from exchange token.

Yatsan

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Memecoin I think, has the most volatile market value. Reason is lack of token utility therefore its mrket price solely depends with demand created by big investors. As we all know, its market price is just increasing few times in a year unless bullrun occur that pulls prices up. But on a daily basis, market value of memetokens are rarely increasing. Memetokens are now only good for swing trades to get some amount from it. However these tokens are having huge price increase once huge volume is triggered. So i think there's no telling whether you are in good position or not; not all tokens are able to recover once it hits deep, which ofcourse imposes risk if you are aiming for its lowest market price on a timeframe.

dimonstration

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Dimon69

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?

Meme coin is bad in general because they are useless and the most volatile crypto assets that you can ever have. Exchange is a business so it’s normal that they will keep listing any token regardless if it’s shitcoin as long as they will gain profit on trading fees due to the demand for this kind of token.

Dogecoin is the only good memecoin since its already established and the father of meme coin but I don't recommend investing in any of it because they doesn't have any utility that will boost the price in long term aside from the ponzinomics high APY that flood the total supply.

uneng

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Memecoins rely solely on speculation to remain on top positions in the market. With the exception of DOGE, every other memecoins have equal chances of doing good or bad. DOGE is the exception because it is a classic cryptocurrency which already existed a long time before this memecoin trend started, however it's also not a guarantee it will get more relevance in crypto market futurely. There is also the possibility it has already reached its roof.

If you want to understand the reasons which can boost a cryptocurrency price, first of all you have to pick a crypto to invest which follows fundamentals. That is, which goes beyond purely speculation.

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