Topic: how do you think meme coinis? (Read 474 times)

Not just DOGE but a meme coin can be a clone of any crypto, it's just that DOGE is the first meme coin, so this is the priority of many meme coins. It's like their inspiration. Also, not only the entire crypto but meme coins are also created based on the current trend/hype in our society.

Those meme coins that didn't last long can be referred to as ' unlucky ' to not get a good support from the community but maybe it was also their own fault because maybe they did not try their best on crafting and promoting their project? DOGE is not bad but there are only people who are bitter about it. Maybe they were once an investor of it and they failed to earn a profit but that's not the fault of DOGE anymore.

Well, this scheme happened with Doge Coin when Elon adopted it and it happened very clearly and the impact was a very good rise in the price of Doge so that as their community grew, they were moved by whale tweets on social media platforms. I think the scheme will be imitated. with other new memes coins

Meme coins are not always in boosting worth therefore take profit from meme coins during the time when it is on trending. Meme coins are trending these days like floki and Pepe which has given a huge advantage to its holders.

Due to the success of Solana all other coins which are based on the Solana chain are getting huge interest from the people who desire to take advantage of meme coins during bull season. Meme coins can be profitable for those who are ready to take the risk otherwise fearful people never become able to get profit from meme coins investment.

There is nothing like clone of Doge coin. The first meme coin to ever created is Doge and for the fun of it, Elon Musk made fun of it and because his telsa stock was booming and became the number performing stock and also the wealthiest person on earth, people ride along and he made away with millions or even worth billions when it went all time high and together some people life change with Doge coin and that's how the demand from meme coins took us here today.

Now, it seems a lot of people like meme coins than real coins and it's very bad, people has demonstrated that they are indeed not after the tech or anything innovative about a project and what they have to offer but they are after the profits and nothing else. But cheap and turn it to big profits, sadly even influencers are not helping out with this shilling, they buy low and inform their followed to buy and rug later which is very unhealthy for the growth of crypto.

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chart:
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page:
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most of these meme tokens are just speculative tokens and you can't say that they have potential since people trade them just by looking at the market speculation. if there is a whale that moves one of the meme tokens, usually later the lovers of this meme token will follow. and vice versa if there is a whale that sells, then the lovers of this meme token will follow. or because of other things that make the movement of this meme token tend to be unstable.

Discovered several meme coins online, particularly in telegrams. I'm just curious as to what this coin does. Memes on social media, for example, are humorous one day and forgotten the next. Similar to meme coins, perhaps? Not certain. I never read about these coins or learned how they operate, but I just had this thought. (In my perspective, I should understand more about coins and cryptos). I think people will not benefit much from meme coins, just a hype. But hoping someday it can make its own name.

I do not enjoy it, does that mean that all of them are bad or nobody makes money from them? Of course not, there are a lot of people who make money on these, I just don't personally feel like they are things that I could consider as good. The best thing that I like doing at that point would be something that you prefer yourself, there is no right answer.

The real trouble is that, you can't just generalize something as a whole, dogecoin is a memecoin, but some low level 10k markertcap shitcoin could be a memecoin as well, can we put them both together into the same group? Just because they are memecoins doesn't mean those two are the same thing. This is why I suggest checking individually how good a project is, and how bad it could be.

Meme coins are speculative and only rely on hype and the strong drive of community cohesion. So in this case it is quite difficult to determine or choose which memecoin has potential. But everything can probably be seen from the growth of their community itself.

The interesting thing about meme coins is that they can provide large increases, even 100x or more. But the drawback is that we can experience quite large losses in a short time. So it is better to avoid it if we are not ready to take the risk.

There are many memecoins out there but dogecoin is the first one ever. You could say that it opened up the door of memecoins just like how bitcoin is to altcoins except dogecoin did not reach the success of bitcoin. But dogecoin isn’t even the crypto with highest marketcap. It’s solana.

There are investors that earn and there are also lose in investing on meme coin,there is no harm of we try in some meme coin specially to those who are in trend just like in solana networks meme,but be cautious because even if meme is on hype the risk is still there,not all investors are lucky on meme,so once again be extra careful.

Perhaps a lot of people here most have cleared you on what memecoins are I will also add to it that memecoins are mostly scam projects that is why I don't really go deep into them because at some point most do loss value to the extent that they may go to 0.00 worthlessness.

Memecoin is not just a coin it's a special kind of coin used mostly for exploitation and quick profit schemes, people only buy when price is very low or even mine then once they get listed or start trading they immediately sell inorder not to loss.

What your saying is actually correct. Meme coins can make you rich quickly if your luck is on your side. As they don't have any fundamentals or have any purpose they are a gamble. The risk of losing investment is higher to earning 10x from the investment. Still, they are trending in the current market and most probably they will continue to trend in the future. I guess next bull run will be all about meme coins again.

 that's a huge lost that is why I don't always look at meme I always avoid them, because meme Investment is just like gambling after staking you just pray for luck to be on your side, reason is because you don't know what will be the outcome of the investment you made. that is why i always advice people not to go into meme Investment, except you're ready to withstand every challenges that will come your way. Although those earlier investors profited a lot from meme Investment that was when memecoins was still doing well but not this time.

The potential is about their profitability. That's what every investor is looking at it and if there's a use case to it, only a few you can count on and one of them is dogecoin. You can gamble with them, and if there are merchants that do accept payments with that meme coin then that's another one. But you don't see most of them are into meme coins for acceptance in paying their merchandises and services so, that's it. Only the top meme coins are for that use case.

Meme coin basically a gambling frennn  believe me I tried dozen ton of it one memecoin can make you rich very quick my last memecoin on Solana called $SENK turned 8 USD into 150 USDC in a week what a joke right hahahah but this is the good part, if you ask me the sh*t part yeah I also losing too I lost 20-30 USD to test out new memecoin and most of them are failing.

If you go to a website called pump.fun you can easily find a ton of meme coin created like in a second a new meme coin arrive crazy right. So my point is if you really want to tried out memecoin that fine you can buy some but I don't recommend to other people hahah because it very high risk and have 50.50 chance

Memecoins are just ways to get poor quick and to get rich quick if you are lucky. Also, I think investing in celebraty memecoins is a way of investing on the celebrity if the memecoin is being supported by the celebrity. But that doesn't mean you won't lose money.

Several meme coins have experienced an increase offering promising opportunities, although many focus on the main crypto with many investors looking at meme coins with a surge in value and sideways trading. SLERF is an attractive option for investors looking to profit from the hype meme coin market that they create and make investors interested in something like this.

This may not be true for every meme as many coins do not rise due to hype alone. There are many memes that appeal to investors simply because of their market cap. Even past history is responsible for luring investors towards them. However, new memes are constantly entering the crypto market and in the future, they may be the ones who can move to a strong position, so when investing, one should be aware of the development team and their crypto chain.

I want to explain that memecoins can only increase if they are trending because if they are not trending then they cannot increase. Now a lot of meme coins are being launched from various chains and recently the Solona chain has gained popularity. and you can see on coinmarketcap there are several meme coins that have increased significantly in recent times.

Many meme coins in the market today are showing good performance and have the potential to give good profits once Bitcoin's rally starts in earnest.

But let's just remember that if anyone is going to invest in meme coins, they should only buy at least one of the top 10 meme coins, and those that exceed ten can be bought and can be consider
for a short-term period.

Memecoins are cryptocurrency in the crypto space that have no value,they have less potentials unlike Bitcoin.Dogecoin is an example of a memecoin.So if your investing in memecoins it's at your own risk,you just have to choose the memecoins that skyrocketed in the previous bull run.Though with the hype on memecoins by developers and influencers most folks have been scammed because not all memecoins in the crypto world are legit,most of them are created by scammers.And memecoins are pump and dump scheme,if your investing in memecoins you ought to be an active timer of the market order for you to take your profit on time because it may dump and never pump.

Memecoin has lost credibility nowadays, many memecoin projects are turning into scams despite having a white paper or roadmap. As we have seen in the past dogecoin, Shiba inu lost value after making known gains, then trying to come back for a long time but not yet. Pepe, bome, wifi pump temporarily but there is no real guarantee that it will lose value soon. Due to Bitcoin's recent bull market, many meme coins are trying to stay in the market for a long time. You have to be careful not to lose money too quickly by investing.

I see meme coin as a way to earn profit, they are like a pump and dump group itself, just as I mention meme coins price could easily be moved.
Most consider them as a shitcoin or worthless in crypto space, honestly I don't really know much on what they are for, cause I only see them as a way to increase my portfolio.
I know how risky they are that is why I don't really hold or see them as a long term investment, when I get a profit from them I would just trade all of it into another alt-coin.

While I’ve seen various explanations, think of memecoins as a coin that is created just because it can be created and no particular reason. It is usually created for fun and no serious important attached. What makes it have value is the community that surrounds it. The hype that they create is what makes it soar and investors get interested in it.

Actually I'm not a lover of meme and I don't even know about there potential because I don't always look at meme, however with the way op sounded seems he is planning to invest in memecoin, if yes" you need to be very careful because no one can guarantee you about the future of memecoin. well if you're planning to go into meme Investment first you need to understand how meme Investment works and also the risk that is involved in meme Investment, This are the things you need to consider before looking out to invest.

Most of people including me, was considered memecoins as another version of shitcoins cause They don't have enough reason for their existence even I can't analysis themselves properly as they don't reveal their identity or don't have any Whitepaper or roadmap. Just created for fun. And most of these turns into scam after some time. Although some memecoins like pepe bome wif are trying to change this concept of shitcoin cause they pumped incredible and trying to create positive buzz about memecoins

Memecoins are from the birth of airdrop and all the major cryptocurrencies were in airdrop to memecoins to where they are right now. And memecoins are cryptocurrencies that people like to invest and have quick profit. And that period of waiting there is pump and also dumping so it is good to cash out whenever the memecoin rise in price before it dumps again because it dumps very fast. And the potential is always at the beginning.

i think meme coin is just a clone of doge. nowadays many projects with meme concept are popping up and many of them can't survive long after being listed. but doge is not that bad compared to other meme coins.

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The advantage of memecoin is that pumps and dumps can occur very quickly. that's very normal for memecoin prices. not all memecoins will be good for you to invest in. You have to take a good look at memecoins that have potential. and choosing memecoin I think is quite difficult at the moment. and maybe you should pay attention that memecoin will not be suitable for you to hold in the long term. Once you get an increase in price, then sell without regret. that would be better for you than thinking memecoin will continue to rise.

Meme coins shouldn’t really have any value however take Dogecoin for example. After 10 years it still exists. And there is also SHIB which I assumed would of died off by now but didn’t. Then there is PEPE and WIF which will also most likely survive.

So just because a coin has no purpose doesn’t mean it’s going to go to zero. If there is a market after it, it will pump like crazy even if it’s worth less.

It's really risky right now. But sometimes joining with the hypes just to make money is good.
A lot of memecoins right now that randomly pumping without any reason, some are manipulated, some losing money, and some making money. This is really the sign of a bull market and for me, it's kinda becoming normal.

Most of the meme coins doesn't have any potential or any use-case at all.
Most of them are being created for the sake of profit. Nothing more.

Some of the meme coins are being labeled as "the coin of the community" that's why they're being created under a specific blockchain, but in reality, most of them don't have any benefit to the users at all except for profit (if they can get out with profit of course). Advantages? I can't think of any aside for the fact that they can give huge profits to a very few investors. On the other hand, that advantage can be a disadvantage of course because not all investors will make profit on meme coins because most will lose their money especially those who got FOMOed.

Overall, some of the meme coins might be a good short to mid coin to hold, but most of them are just trash shitty coins that are being created for the sake of profit.

Can we say that meme coins are really like blades? 1 Siis, that's not a problem and even helps us in some things. but on the other hand, it could be dangerous for us. Yes, this is indeed what is happening right now. Meme coins are often hype coins that appear repeatedly and find almost the same progress and market conditions. namely they optimize in marketing so they can hype as best as possible. After that, they will find that the price of meme coins has skyrocketed very quickly.

After?
Don't ask that, because after that, we won't be able to guarantee it. In the long run, these meme coins will actually be revenge for those of us who are late in taking profits and taking opportunities. because once it's too late to gain profits, there's no chance left.

So, be careful with meme coins if you are new and not familiar with how they work sofar.

Every coin has its potential to be recognized by investors. Meme tokens are just being belittle by most of us because it is often haaving no utility unlike with other coins. However, we saw it a couple of times; meme tokens haaving a massive price increase in a short period of time; imagine being able to ride the tide. Indeed, most of the time, hype and manipulation are the things which causes sudden price increase but that's still an opportunity to earn profit from investing to these coins, no matter how we look at it, that we should take advantage of whenever there is. Just be mindful that sudden price decline could take place and that is for you to watch out if you are aiming to engaage in meme coins. And if you are too worried, then there are other projects as an option. We do have different risk tolerance and appetite in the first place.

Why less than only? You should say more than or equal to gambling. Those who want to try to earn a profit, will look for a genuine meme coin because there are also scam meme coins. They can only lack in utility which makes their life span shorter, so we should also treat them as a short-term investment.

We can also trade them. If we like to gamble, it's better to just do it in a real casino because even if you lose your money at them, at least you will enjoy and then you can also help someone else because most casinos are tax payers and I think our tax can also be donated by the governments those people who are in-need of help. Casinos them selves can also do donations directly.

Due to the increase in the prices of the top coins in the market, many meme coins are entering the market with very attractive offers. Among them, it is the most difficult to predict exactly which meme coin you will be successful in investing in. We have seen many times that many people have pocketed huge profits overnight by investing in meme coins, but I think it is better not to invest in such coins because you can make mistakes in selecting the coins most of the time. Many times after being convinced about the benefits of Meme Coins you may end up getting cheated. Although the decision is yours, if you want to invest in meme coins, invest money that you won't regret losing.

For fun. Their advantage? I guess you can say they pump really high and really fast so if you can get lucky and time it properly, you can quickly double, triple or even more your initial investment rather easily. Sadly imo anyone who's able to take advantage of those instances, or at least the vast majority of them, are insiders of the pump-and-dump scheme. Not to mention that only some meme coins are inside that circle. Sometimes they're just straight-up scams so they just take your money and leave immediately.

Outside of that, nothing really. They're usually made to represent a well known meme in the internet, and mostly for fun imo.

You see it spreading its because they are riding with the hype and to many scammers create a token to take advantage of peoples want to earn.

So if you don't want to be a victim of those meme coin scams much better if you ignore or erase the thoughts of investing on any of those since there's nothing you can get there and getting scam is more likely to happen rather than gaining some profit with those tokens.

If you still convince that meme coin is good due to some several people earning with this tokens then even if some people earn there's still a lot more people losing their money because they didn't know how to anticipate on when those scam devs will pull their exit scam so think about it.

Never forget, potential is not the same as a consummated reality, very often we see people that are just like you that got convinced to invest in meme coins, and suddenly they are completely sure the meme coin they bought is going to make them a fortune, but this hardly happens, with the most common scenario being the complete opposite, in which investors lose all their savings due to their mistakes, and unable to accept this truth they blame everyone else for their irresponsible actions.

When it comes to popularity, they already have it and also, they are profitable in short-term during hypes. But yes, not all of them are worth investing in because many of them are also scams and much more if we think holding them long-term.
 - don't buy them if you are just new and have no marker experience yet.
 - they are not meant for long-term investment. Therefore, you need to be smart enough not to choose them if you are into that goal.
 - too risky. Don't get into it if you are not a risk-taker, losing is way possible especially if you missed the hype.

They have potential, but they have nothing besides hype, fun, and pump potential. And this pump potential depends on hype and luck.

Honestly, it's like a stage with scams, with no potential at all because that's how some parties attract attention with the sole intention of making a profit. But let's actually look at dogecoin, shib, pepe,... do they have any features? And if you simplify fomo, or just take a short-term approach with quick profits. Even the top altcoins in the market have ways of painting vague features to fool people into thinking they are features. Anyway, the theory doesn't have much meaning, but experience and feel, whether you keep memecoins in your wallet just to look good or is it a serious investment to help you have a chance.

Short and long-term investment, which is more profusely? I'm sticking to longterm investment when it involves the top projects but when it involves short-term projects, I prefer these memecoins because they're filled with high volatility and makes unplanned moves. We should always be involvement with the trends and make sure we're grabbing our back to back winnings, though it's not going to be easy but atleast we're aiming for our topups in the market. Memecoins are simply here to make the smart investors more richer and makes the unfortunate ones miserable because they will definitely lose huge figures. Don't ever trust in memecoins because there's more to been learned and witnessed.

Memecoins can be likened to Ponzi schemes, their projects are pumped massively to entice new investors, when this happens, the project can just vanish, and the latter investors with bear loses, so it's better to get in early, make some profit, don't be greedy and sale before the ship will sink. So investing in memecoins is risky and you'll be gambling your funds in doing so, there are more scam projects in them, although we have a few reputable memes like dogecoin and Shiba Inu.

Investors who are looking for quick and easy profit returns often turn to memecoins.

Memecoins are very volatile but the good thing about them is that they are cheap but provide really high returns the risk here is that you should be able to find a memecoin early on before it gets too expensive otherwise you would just be losing much. Most memecoins though die after reaching a peak that is why it’s often only good for short-term investments

Every coins do have their own potentials, it just depends on what you expects from a particular coin. We primarily invests to make profits but Investors terms of Investing differs such as those who invests for the long term and those for short term goals.
Talking about finding the MemeCoins at most places in the medias and most blockchains, It's basically out of enforcing the coins to trending by hyping through the developers to self interestingly influence Investors to Invest on the coins.
Unfortunately greedy Investors usually falls to its victim because as the coins gains popularity of overhyping where then Investors fails to sell their coins at when due but then the MemeCoins at some cases becomes dump or dead.

They all do have a potential, after all, it's the market that decides what meme coin is going to be going up in price, which one makes the most money is definitely the one that's catchy and silliest but relatable meme coin, most of them are try hards at what they want to do so they end up just being a meme coin that has nothing in them. It's a risk to invest in meme coins, always remember that if the potential for a really big profit is at your door when you invest in a particular meme coin, it's probably a good idea for you to take it and don't do it like that Dogecoin millionaire that risk all of his life savings in DOGE but he didn't cash in when it was peaking, he could've turned his life upside down but he decided to fumble the 3 million at that time to hold on to it.

Investing in meme coins are a high risk as these coins don't have any utility. They are community driven coin which are pumped and dumped by the community. They are more volatile than other altcoins. If you want to invest in meme coins then be ready to take loss. A lot of new coins are now being released on Solana blockchain. You can go through those the do your own research before investing.

Not all that glitters are gold, and not all the memes you've seen on various platforms or chains have potential, not because 2 or 4 memes made their way to the market does not mean that you are going to invest in all meme coins that come your way, you should still practice diligence before investing in these meme coins.

Check their usability and what they are going to contribute to the community, did they rely on shill, and how dedicated are the developers of the project, it's always a risky investment when there is a concept trending because there will be bad actors that will create their own coins to scam new investors.

They are rediculous pump toys that people use to trade for more bitcoin or eth.  Pretty much every single one of them is useless and won't be around long after the initial pumps.  Yeah people make some money but what people won't tell you is how much they lose on the way down.  If you don't know how to trade I would stick to buying and holding bitcoin.

unfortunately it's true. there was a podcast i was watching the other day, i wouldn't want to mention the name of the channel but what they theorize is that memecoins are developed and hyped on social media to lure regular people to buy the very smallest amount they can afford to invest in crypto just so they will be onboard in this crypto ship.

i think we and those who also tried to promote their memecoins to social media i guess are part of it. i don't even realize i'm part of it.

Meme coins are crypto assets which do not have any use case and usually built on already existing Blockchain, so they are tokens.
They don't serve any purpose and and their value is completely based on the community behind the memecoins itself.
The value of the memecoin is directly proportional to the the size of their community and the popularity of the token. Usually the value of the token increases when it is altcoins season.

I would not invest in any memecoin which lacks of reputation and proven tracks record, otherwise, you would be gambling your money on the market, not investing. As stands for now, the only memecoins I would trust some money would be Shiba Inu and Dogecoin.

We are in the meme coins era but I will not tell you they have potential because I bought some meme coins that turned out to be shitcoins and do rug pulls some meme coins have potential but you have to check every one of them and don't just rely on hype and shilling.

Just remember when there is a trending concept expect developers and scammers to join the bandwagon because this is another opportunity for them to scam unsuspecting investors, you have to be a wise investor and you have to be able to see what meme coins have potential and those who have not.

can You help me to promote my meme?

is not all coins you see in the list that is what to hold or to invest on, before you invest on any coin you have to make an adequate research to ensure that the coin have a value and you will also have a long duration before it is start to fall or loss value in the market that is why it is advisable for any investor who is trying to invest in meme coins to make a proper research knowing that two things are involve for investment of meme coins neither you invest in the wrong one or you invest in good one it is based on your research that will determine and also differentiate the good coin that have a potential and the bad one that will not stand a bearish season.

I will say that why people like to invest in memecoin is because the profit that is involved into the memecoin and they seen a memecoin like what will give them triple of profit than a coin that have a potential they know, so I believe that may people has experienced both good profit for investing in memecoin and some also has experienced loss for same investment, like what I portray before that the major reasons while they mostly invest in memecoin is because they want to make a profit, that's while when them fails to understand the concepts of memecoins they fall into the negative side of it.

It's better than gambling because you can make a research of the project and know how productive the project is going to be, through your research you can know a good memecoin that will yield positively and will be long lasting coin even bearish season will not have much effect on it, but gambling no amount of research can convince in gambling, you have to know that gambling is not something you can use and compare with memecoin investment, I know that both is a risk but the memecoin investment is more preferable than gambling.

     You know, if you know the right way to become a meme coin hunter, I am pretty sure that others will be like you and suddenly become instant millionaires in a short period of time. And that has happened many times with Dogecoin, Shiba Inu, Pepe, and just lately with WIF and Bome.

     And the one in Bome, I really regret it. I saw it when I was new, but I didn't pay attention to it. Then,  after a few days, the price suddenly shot up, and I was very disappointed. But I just thought that it's not my time to get big blessings in cryptocurrency.

If a meme coin is listed on a tier 1 exchange and the team holds no more than a few percent of the supply, it automatically ceases to be a shitcoin. I believe in their power if done fairly.

I created my own $SURFER (https://surfer.lol) and I intend to promote it well even though I'm starting from scratch.

I am sharing my personal opinion as I consider memecoins as nothing less than gambling because the projects don't have anything to offer as a technology or solutions and the profit and loss are depending on luck as it can give you 10x or 100x or else it can turn your capital into zero in no time. I wouldn't suggest anyone to invest into memecoins if they are looking for genuine investment but if you are considering it like gambling then go ahead. I don't find any realistic use case of memecoins and there are hundreds in the market.

Meme coins are have become a hot topic for discussion on various social media platform nowadays. Many new comers in crypto space see meme coins are attractive investment for getting millionaire overnight, which often ends up in significant loss as they are often used by big investors to manipulate their price for their own financial gains.

Please conduct through research before taking entry in such hyped coins.

The question of whether they have potential depends on which specific memecoin you are talking about.

Some do while some do not have potential. Many would argue that memecoins are useless because they are just coins made based off of memes from the internet with usually no real world use which makes it a lot riskier to invest in because there is no utility beyond entertainment. Nowadays though memecoins are trying to break that stereotype and are looking at ways to improve their functionality.

An advantage I can think of about memecoins is that you can easily earn some profits from especially during its initial launch because memecoins are usually already in “demand” because of the community behind it. It’s after that initial launch that you would have to be careful with. If you want to invest in memecoins just make sure to pick the best possible one.

There are hundreds of topics about memecoin on the forum, and if you search, you will find everyone investing in them because they expect to make profits, but the percentage of those who get a good profit compared to other alternative currencies is not high, as memecoin is not a golden investment or a free opportunity.

There are dozens of other threads discussing meme coins on the forum, you could have used the search function & posted in an existing thread. My opinion on meme coins though is that if you hit the right one you can become wealthy but there are lots & it can be difficult to buy the right one. Don't over allocate funds into a meme coin because most of them fail & even those that pump, you can be too slow & not sell in time. It’s a jungle out there, be careful.

I have nothing against meme coins, as while they're not very useful, at least those projects aren't fooling anyone with a grand purpose or anything. Dogecoin is probably the oldest (or one of the oldest), and aside from being a meme coin, it's been genuinely useful for things like crypto gambling.
Meme coins can be pumped, and the prices can increase significantly. But it's also very risky because these coins have no real value, they exist for fun. So the price can drop just as fast as it grew, which means investing in a coin like this is a high-risk decision.

Let me throw some light on this so that the OP will full understand assuming he or she doesn't. Most memecoins are like ponzi schemes. Just as in a ponzi scheme, early investors profit at the expense of later ones. During bull markets the excitement and hype around these coins can blind people to see them for what they truly are -potentially flawed projects. Their eyes become eventually opened during the bear market because those who bought in late often end up will get rugged and the coin will be worth even less than a dollar.

Meme coins are just a variant of shitcoins. They are shitcoins at the core but they have a meme/humor sauce on the top. Dogecoin is obviously the OG meme coin which is still funny and make people laugh. I can’t say the same thing for the other coins. They are only shit without a real purpose and they ain’t funny at all.

Their potential is a tough topic. Impossible to know exactly as some people made massive amounts of money from these shitcoins but I think that market is heavily manipulated so I would steer clear of it.

Meme coins can help as they increase in price significantly during bull run. You can see how some Solana meme coins increased recently. Some like Pepe and Floki also increased. But when the bear market comes, many people will regret that they invested in meme coins as they will drop more in price.

I often see meme coins on various platforms, do they really have potential? I’m not sure about their advantages, can you guys help me explain them?