Topic: Is this a bad time for altcoins? - page 14. (Read 3623 times)
Memecoin is currently very popular because it is promoted by Elon Musk. I believe that if Elon Musk had not supported and promoted Dogecoin, this coin would not have soared high. Of the thousands of cryptos and tokens that exist, there is a big competition on the markets that requires huge promotion as well. Promotions by famous and influential people really trigger the price to go up. But coins that do not have a working product and great benefits, after soared the price will definitely drop and it will be difficult to increase again.
Sad to say it's because they want a faster way to profit with high-risk meme coins. It's the truth that is difficult to accept.
But don't worry, it's also the faster way to be rekt. After that, they will be choosing the better one.
There are so many developers out there that had put their time and effort working on a special project but yet they are not getting much attention.
I just hope it's not the end of the line for them yet before they will be seen.
Most of the time they will just give it up because they cannot obtain the right amount of funds to continue.
But don't worry, it's also the faster way to be rekt. After that, they will be choosing the better one.
There are so many developers out there that had put their time and effort working on a special project but yet they are not getting much attention.
I just hope it's not the end of the line for them yet before they will be seen.
Most of the time they will just give it up because they cannot obtain the right amount of funds to continue.
We should all trust the legit coins. Investors and traders are looking for quick money from meme coins but in the end, most of them understand greed only leads to loss. Currently, the market is running sideways I would say we should trust the legit coins they will also rise in the coming months keep faith in it. Don't distract by the meme coins.
Why do I see legit coins with real utility and transparent, excellent devs not doing well but shitty meme coins just flying?
everything in the market today is affected by hype. So it's normal that you see meme coins better than quality projects with real use. this is just fomo, but now things are starting to get back to normal. people's enthusiasm for coin memes like DOGE has started to wane. arguably in the crypto market, hype can beat all things. with just a few tweets from influential people then the market will move.
Why do I see legit coins with real utility and transparent, excellent devs not doing well but shitty meme coins just flying?
altcoins are indeed an option of choice to get a lot of profits, you have to be patient to get big profits, there are so many that make altcoins experience a decrease in bitcoin prices suddenly up and down and high, so altcoins don't go up immediately, it takes time for it to go higher, wait for bitcoin to be more stable Meme coin is more known and liked by many people, so many buy it and the price also tends to rise because of the increasing interest of investors.
It caused by the hype and such coin with a good development progress can grab the momentum like what meme coin did. You must remember that sometime focusing in the development is a very good thing but it must be doing massive promotion to spread the awareness to the buyers.
The meme coin has been getting hyped due to the doge coin hype. This is making meme coin become another game changer especially for the short term holders.
The meme coin has been getting hyped due to the doge coin hype. This is making meme coin become another game changer especially for the short term holders.
let say every good project, have a whales inside it , and whenever big "movement" come , they immediately sold all of it. so what about meme coins ? mostly just a amateur trader who come for x100 ++ and real whale inside that project, that why sometimes we see different movements.
It's the matter of how they will promote it, some where able to gain supporters due to their ads or personalities they use in making their projects known. If the project have potential and a good marketing team there will be no problem in their project soon it will be noticed by the community.
Why do I see legit coins with real utility and transparent, excellent devs not doing well but shitty meme coins just flying?
It's just about the community that supports it. That's the common thing in the crypto market, the investors will support projects that are not good enough but with good marketing. They don't care about the devs as long as the market has been well marketed and they can conclude that there's a 'potential' and 'future' on it. And as for the meme coins that have flew very well, thanks to the master of it and the most common guy that we all know who has started all of it.
Why do I see legit coins with real utility and transparent, excellent devs not doing well but shitty meme coins just flying?
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