Meme coin caused Solana price to rise by 40% in a week

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Quote from: justdimin on January 15, 2023, 01:55:54 AM

Quote from: SquallLeonhart on January 14, 2023, 03:44:49 AM

Quote from: krishnaverma on January 05, 2023, 12:58:24 AM

Recently a meme coin was launched on Solana network which got a lot of hype. As a result, Solana prices are about 40% up in last one week. Do you think this is good thing or bad thing for solana ? Just a meme coin causing this boost instead of some solid news like good partnerships or adoption in some company.

There will always be some pumps in the market, even on the worst days look at CMC and you will see highest gainers being a lot, and you know you won't be picking that up. Many people hope that they would buy a token, and that token would be the highest earner of the day but we all know that is not going to be the case, very few people have it and that is why it goes up that much, since it lacks liquidity so even a million dollars will make it 3000% increase.

In any case, stay with the good ones, the big names, because they would give you a good long term profit instead of a pump and dump, and less risky to keep your money there as well.

It is definitely a rare situation to find 10% or more on a red day or even a red week, but they do exists. However, we are in a good week now, which means that there were some money going around in the market and it just didn't know where to land. We have managed to get a higher amount of funds and increase everything basically, the market looks as green as eyes can see which is a great situation to be in.

I am not saying that this increase was done because of the market situation, it came earlier but at the same time the outlook towards market must be a bit green during this period if we are talking about a following market being this much greener.

To early to say, I guess. Also the increase might be because of the CIP report which somehow made an inddirect impact towards Bitcoin market price which then, triggered a domino effect towards other cryptocurrencies.It is still hard to tell whether the increase would be continuous but it does seem that it won't; we have already saw yesterday that the market prices decline already. However it is still a good market indicator to see this market in general show signs of recovery from being 'burried' for a couple of months. We may also see more price spikes this year but if you are looking for a longer one, that would more likely occur in 2024 concerning anticipated Bitcoin halving.

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Quote from: Chainsmokers on January 14, 2023, 01:06:53 PM

Quote from: krishnaverma on January 05, 2023, 12:58:24 AM

Recently a meme coin was launched on Solana network which got a lot of hype. As a result, Solana prices are about 40% up in last one week. Do you think this is good thing or bad thing for solana ? Just a meme coin causing this boost instead of some solid news like good partnerships or adoption in some company.

in my opinion the meme coins on the solana network are only manipulated by whales or called pump and dump,
it is very high risk if you believe and buy meme coins in a market situation like this,
don't trust meme coins other than doge and shiba because you can lose your money there.

It's true what you said that meme coins are only used for pum and pum but after the pope can achieve a big profit then all of his assets are sold and shit will happen very quickly 🤣.
For the past weeks there has been a lot of hype about Memecoin or Shitcoin so that there are many that fly but only for a moment and can't survive.
I myself don't believe that Memecoin or Shitcoin is a good choice to make a long-term investment because it has a bigger risk than investing in other coins that already have real evidence such as ETH or Bitcoin.

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Quote from: SquallLeonhart on January 14, 2023, 03:44:49 AM

Quote from: krishnaverma on January 05, 2023, 12:58:24 AM

Recently a meme coin was launched on Solana network which got a lot of hype. As a result, Solana prices are about 40% up in last one week. Do you think this is good thing or bad thing for solana ? Just a meme coin causing this boost instead of some solid news like good partnerships or adoption in some company.

There will always be some pumps in the market, even on the worst days look at CMC and you will see highest gainers being a lot, and you know you won't be picking that up. Many people hope that they would buy a token, and that token would be the highest earner of the day but we all know that is not going to be the case, very few people have it and that is why it goes up that much, since it lacks liquidity so even a million dollars will make it 3000% increase.

In any case, stay with the good ones, the big names, because they would give you a good long term profit instead of a pump and dump, and less risky to keep your money there as well.

It is definitely a rare situation to find 10% or more on a red day or even a red week, but they do exists. However, we are in a good week now, which means that there were some money going around in the market and it just didn't know where to land. We have managed to get a higher amount of funds and increase everything basically, the market looks as green as eyes can see which is a great situation to be in.

I am not saying that this increase was done because of the market situation, it came earlier but at the same time the outlook towards market must be a bit green during this period if we are talking about a following market being this much greener.

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Quote from: krishnaverma on January 05, 2023, 12:58:24 AM

Recently a meme coin was launched on Solana network which got a lot of hype. As a result, Solana prices are about 40% up in last one week. Do you think this is good thing or bad thing for solana ? Just a meme coin causing this boost instead of some solid news like good partnerships or adoption in some company.

in my opinion the meme coins on the solana network are only manipulated by whales or called pump and dump,
it is very high risk if you believe and buy meme coins in a market situation like this,
don't trust meme coins other than doge and shiba because you can lose your money there.

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Quote from: krishnaverma on January 05, 2023, 12:58:24 AM

Recently a meme coin was launched on Solana network which got a lot of hype. As a result, Solana prices are about 40% up in last one week. Do you think this is good thing or bad thing for solana ? Just a meme coin causing this boost instead of some solid news like good partnerships or adoption in some company.

I am not so sure that the Solana pump was caused by the launch of a new meme coin. I am inclined to associate this circumstance with Vitalik Butorin's tweet, which he published on December 30, 2022 - https://twitter.com/vitalikbuterin/status/1608591727316684804 It was after this tweet that we saw how the Sol coin began to steadily increase in price.

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Quote from: krishnaverma on January 05, 2023, 12:58:24 AM

Recently a meme coin was launched on Solana network which got a lot of hype. As a result, Solana prices are about 40% up in last one week. Do you think this is good thing or bad thing for solana ? Just a meme coin causing this boost instead of some solid news like good partnerships or adoption in some company.

currently there is indeed a hype meme coin that stands on the Solana network and one of the ones that is currently hype is Bonk. basically the word hype is just a current trend and can't be for the long term, it's only temporary. as we can see Bonk has started to throw away everything and the price is dump, do you still believe in that?
I think any meme coin that's currently hype is good for quick profits and when you make a profit sell it, don't expect the price to go any higher before you will lose your money and be 0.

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Quote from: krishnaverma on January 05, 2023, 12:58:24 AM

Recently a meme coin was launched on Solana network which got a lot of hype. As a result, Solana prices are about 40% up in last one week. Do you think this is good thing or bad thing for solana ? Just a meme coin causing this boost instead of some solid news like good partnerships or adoption in some company.

There will always be some pumps in the market, even on the worst days look at CMC and you will see highest gainers being a lot, and you know you won't be picking that up. Many people hope that they would buy a token, and that token would be the highest earner of the day but we all know that is not going to be the case, very few people have it and that is why it goes up that much, since it lacks liquidity so even a million dollars will make it 3000% increase.

In any case, stay with the good ones, the big names, because they would give you a good long term profit instead of a pump and dump, and less risky to keep your money there as well.

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Quote from: krishnaverma on January 05, 2023, 12:58:24 AM

Recently a meme coin was launched on Solana network which got a lot of hype. As a result, Solana prices are about 40% up in last one week. Do you think this is good thing or bad thing for solana ? Just a meme coin causing this boost instead of some solid news like good partnerships or adoption in some company.

Well, it's a "meme" coin so don't expect much from it anytime soon. This is just the hype of the moment where noobs could get "rekt" big time if they're careless. Besides, why would anyone take Solana seriously when it's flawed by design? The new "meme" coin might've pumped SOL's price right now, but for the latter cryptocurrency to maintain its prices, it's going to need to bring something out of this world. Otherwise, it'll become history.

The crypto market is widely unpredictable, so I'd suggest anyone to proceed with caution. As long as you diversify your investment, there should be nothing to worry about. Who knows what would be of the "meme" coin and Solana 10 years from now? Just my opinion

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Quote from: Cee2 on January 09, 2023, 04:10:23 AM

The next hype seems to be the FRONK token on Solana.
-snip-

Never. Such coins are born out of a desire to get their share of the hype and some of the money on the wave of success of a more popular meme coin. That's why such clone projects will never be the next hype. If you want to be guaranteed to lose your money, you can invest your money in this next clone and be greatly surprised that it did not meet your expectations. There are about 20-23 projects like FRONK for last few days and all of them are total garbage and not worth paying attention to.

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The next hype seems to be the FRONK token on Solana.

I really dislike meme coins but I like the fact that Solana is catching a break.

It has one of the most active communities I’ve seen.

As such it’s always good to see such projects surviving/growing.

My Twitter: https://twitter.com/A_mo1111_

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Quote from: Ngemmeng on January 07, 2023, 02:19:47 AM

my opinion is not good. SOLANA is a big altcoin and if the price of SOL goes up because of a meme coin it is not a good thing because meme coins are coins with no utility and relying solely on hype. I know that this coin has been listed on many exchanges but there is no reason for investors to hold on long term because this coin has no utility and the hype could end anytime. after the hype ends this coin will be abandoned by most investors and the price drops sharply, and of course it will also have an impact on the price of SOL.

there has been cases of meme coins quite literally helping the coin of the platform they were in to increase in value but like you said, once the trend is dumping, the value of that coin will also decrease, even though this may be temporary for solana, but it's still a good thing at least it still helps sol in reaching higher value and everyone could think of liquidating their solana at the moment, i'm sure after ftx collapses so many are actually waiting for this moment to finally occurs.

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Quote from: OgNasty on January 07, 2023, 04:34:05 PM

Now that it has come out that Solana was a shitcoin pumped with stolen FTX customer money that was meant to be used to buy Bitcoin, I’m surprised there are still people willing to mess with it. It’s the best example I can think of that it’s easier to scam someone than to convince them that they’ve been scammed. SOL was a scam and if you held it you lost money. A meme coin being airdropped to scammed users is the scammers double dipping. Don’t get scammed twice. Now is the time to stack BTC. Use some sense.

SOL is also a victim here and they are struggling to prove their innocence but with this action, maybe its a little too risky to introduce a meme token under their platform, imagine if the hype is over with that meme token you can expect for the dump and that could also affect SOL. This is not good in long term and SOL should continue to improve if they still want to stay in the top position or else, heir investors will dump this coin slowly.

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Quote from: Yamifoud on January 08, 2023, 09:07:18 AM

Quote from: Furious 7 on January 07, 2023, 04:12:29 PM

I actually think this is a little dangerous because in any case their interest is only temporary because of some hype in their token and of course we can't let go of Bonk in this case.

No, it was not just a little dangerous but I consider it big and as an investor, I won't put my money at risk knowing that was hype only. It pumps without a valid reason, it definitely drops drastically and brings losses to the investors.

I think as long as you are not there then why are you afraid of it. The big problem might be for those who are in a state of following the coin but otherwise I don't think it would be too much of a problem.

Quote from: Yamifoud on January 08, 2023, 09:07:18 AM

Quote

To be honest, I don't really like hype conditions like this because in the end, after their increase, many people will find it difficult and say they are deceived again due to buying at a large price in the end because this shitcoin will indeed be thrown away and I'm sure of that.

Then I hope newbies have that kind of thinking otherwise, they will become a victim of such a trick.
We always keep in mind that Solana is a meme coin, we can never expect anything good from them aside from higher risk and losses.

It's hard when the stigma is still where most people are when they say "Crypto is an instant place to get rich" because if that kind of thinking still exists then there will still be lots of people who are in unclear hype and always follow the pump and dump.

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Quote from: Furious 7 on January 07, 2023, 04:12:29 PM

I actually think this is a little dangerous because in any case their interest is only temporary because of some hype in their token and of course we can't let go of Bonk in this case.

No, it was not just a little dangerous but I consider it big and as an investor, I won't put my money at risk knowing that was hype only. It pumps without a valid reason, it definitely drops drastically and brings losses to the investors.

Quote

To be honest, I don't really like hype conditions like this because in the end, after their increase, many people will find it difficult and say they are deceived again due to buying at a large price in the end because this shitcoin will indeed be thrown away and I'm sure of that.

Then I hope newbies have that kind of thinking otherwise, they will become a victim of such a trick.
We always keep in mind that Solana is a meme coin, we can never expect anything good from them aside from higher risk and losses.

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Quote from: bitgolden on January 07, 2023, 03:51:22 PM

Quote from: traderethereum on January 06, 2023, 04:15:03 AM

Maybe they want to pique the interest of investors by pumping in the meme coins launched on the Solana network and I guess that's normal because we've seen it happen a lot before too.
We must be aware of this because this is not a good or bad sign. After all, we also don't know how the project will go.
I also wouldn't think too much about whether the meme coin project would still be trending and would rather focus on bitcoin.
And if people still want to follow the meme coin project, they need to be very careful.

If you have a lot of money, then making the price go up is the best marketing you could do for any project. If people see it growing so large, they will take an interest and look what caused the huge increase, and they will see what you are doing and your meme coin and so forth which they might invest into.

All because you increased the price of your own coin. SOL did this basically, they just increased the price by buying from themselves and this caused the price to go up, and get the interest from the market in general which they used to pump their BONK token as well. I believe both of them will go down very very hard in a week or so.

Raising prices without giving any notice won't help because people will think it's a pump and dump scheme and so will stay away from it.
But if there is new information about the project and investors think it is worth investing in, they will definitely come and start investing in it.
By now, people probably know how to find new projects worth investing in, although there are still people who don't know how to choose one.
We'll see what happens after this if the coin can keep the attention of the investors or it will drop very hard.

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Now that it has come out that Solana was a shitcoin pumped with stolen FTX customer money that was meant to be used to buy Bitcoin, I’m surprised there are still people willing to mess with it. It’s the best example I can think of that it’s easier to scam someone than to convince them that they’ve been scammed. SOL was a scam and if you held it you lost money. A meme coin being airdropped to scammed users is the scammers double dipping. Don’t get scammed twice. Now is the time to stack BTC. Use some sense.

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I actually think this is a little dangerous because in any case their interest is only temporary because of some hype in their token and of course we can't let go of Bonk in this case.
To be honest, I don't really like hype conditions like this because in the end, after their increase, many people will find it difficult and say they are deceived again due to buying at a large price in the end because this shitcoin will indeed be thrown away and I'm sure of that.
On the other hand this is temporary because regardless of anything we are still in a bearish condition regardless of the current Solana prices they are still going back to where they started at the bottom.

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Quote from: traderethereum on January 06, 2023, 04:15:03 AM

Maybe they want to pique the interest of investors by pumping in the meme coins launched on the Solana network and I guess that's normal because we've seen it happen a lot before too.
We must be aware of this because this is not a good or bad sign. After all, we also don't know how the project will go.
I also wouldn't think too much about whether the meme coin project would still be trending and would rather focus on bitcoin.
And if people still want to follow the meme coin project, they need to be very careful.

If you have a lot of money, then making the price go up is the best marketing you could do for any project. If people see it growing so large, they will take an interest and look what caused the huge increase, and they will see what you are doing and your meme coin and so forth which they might invest into.

All because you increased the price of your own coin. SOL did this basically, they just increased the price by buying from themselves and this caused the price to go up, and get the interest from the market in general which they used to pump their BONK token as well. I believe both of them will go down very very hard in a week or so.

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Quote from: krishnaverma on January 05, 2023, 12:58:24 AM

Recently a meme coin was launched on Solana network which got a lot of hype. As a result, Solana prices are about 40% up in last one week. Do you think this is good thing or bad thing for solana ? Just a meme coin causing this boost instead of some solid news like good partnerships or adoption in some company.

By 40% in the last week? Where did you get that data? This meme coin has made several thousand percent profit in a week and is not slowing down. Judging by the way it is actively added to their listings by various major exchanges, the growth may continue for the foreseeable future. Although I'm against meme coins and don't consider them something valuable, this coin is really very different from many of its competitors and counterparts.

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Quote from: krishnaverma on January 05, 2023, 12:58:24 AM

Recently a meme coin was launched on Solana network which got a lot of hype. As a result, Solana prices are about 40% up in last one week. Do you think this is good thing or bad thing for solana ? Just a meme coin causing this boost instead of some solid news like good partnerships or adoption in some company.

For sure regardless, if it is a meme in the internet that a lot of internet users are familiar with is surely will sell anyway. I have not invested to Solana, but when we're talking about memes, it is surely going to be a short-term "good thing" for Solana though I would not count on it in the long-term.

Trends die at the end and memes count along with that. Also worth mentioning that hypes tend to die out in few months or so.

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Quote from: Natalim on January 06, 2023, 07:04:03 AM

Quote from: traderethereum on January 06, 2023, 04:15:03 AM

Maybe they want to pique the interest of investors by pumping in the meme coins launched on the Solana network and I guess that's normal because we've seen it happen a lot before too.
We must be aware of this because this is not a good or bad sign. After all, we also don't know how the project will go.
I also wouldn't think too much about whether the meme coin project would still be trending and would rather focus on bitcoin.
And if people still want to follow the meme coin project, they need to be very careful.

It hypes because of price manipulation. But I don't think this will still gain more attraction knowing that investors now had already learned from their mistakes from investing in projects with the same scheme before. Investing in meme coins is certainly not a good idea and I hope newbies will open their eyes and see the risk of investing in them. I'm not discouraging people from investing in altcoins but be sure we have done with the research and we have to stay away from new projects.

Hopefully, these investors really have learned a lot from their previous mistakes and won't be reckless investing in meme coins again.
Meme coins can certainly promise investors to join them again but this requires extra caution as we have already seen what happened to meme coins.
Maybe only Dogecoin can really be used as an investment even though it will be difficult to repeat or get the last ATH for Dogecoin.
I think people should see the potential of bitcoin instead of choosing altcoins because they will be confused about choosing an altcoin that can be used as their investment.

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my opinion is not good. SOLANA is a big altcoin and if the price of SOL goes up because of a meme coin it is not a good thing because meme coins are coins with no utility and relying solely on hype. I know that this coin has been listed on many exchanges but there is no reason for investors to hold on long term because this coin has no utility and the hype could end anytime. after the hype ends this coin will be abandoned by most investors and the price drops sharply, and of course it will also have an impact on the price of SOL.

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Quote from: AnonBitCoiner on January 05, 2023, 06:20:08 AM

Quote from: krishnaverma on January 05, 2023, 12:58:24 AM

Recently a meme coin was launched on Solana network which got a lot of hype. As a result, Solana prices are about 40% up in last one week. Do you think this is good thing or bad thing for solana ? Just a meme coin causing this boost instead of some solid news like good partnerships or adoption in some company.

Yes this meme coin has super recharged Solona coin and now many Meme coins has been launched and giving free Airdrops to Solona Users. Solona coin was dying day by day and after Bonk coin launch and Airdrop to NFt holder Solona price back to 13$. Now it's looking so positive and we can see very soon 29$ in upcoming days if trend continues.

Certainly, this meme coin has created huge activity on Solana chain and created some hope for Solana investors that it is not going to die like FTX, but unfortunately the hype was short lived & is being dumped now (its price came down more than 50% from its ATH within few days). It is very difficult for any meme coin to win confidence of buyers in the absence of good use case. The team of Bonk should also announce roadmap, if they want to maintain interest of investors & trading activity in this coin.

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Quote from: Slow death on January 06, 2023, 03:43:17 PM

the big question is: how far will this meme altcoin continue to rise in price?

unfortunately the pump didn't last long, after all it's meme coin where everyone are in line in cashing out their meme coin immediately whenever it hits certain price mark, I think even though this coin could somehow give us some fresh air towards current trend, doesn't mean it's gonna be revolutionary, the trend isn't changing, it's still the same bearish for solana until btc and eth make some meaningful trend changes.

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rise in value is always welcomed, even if it's coming from fluctuative coins like meme coins but the thing is whether this increase could lasts long, as you can see the price for meme coin BONK right now is already decreasing a lot it has lost 50% of its price and might goes even lower, the rise was short lived so I think even if it could raise the price of solana quite high, it's just momentarily, therefore it seems like it isn't that impactful honestly.

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Quote from: DeathAngel on January 05, 2023, 11:50:27 AM

Solana has something doesn’t it. It’s still so cheap, it has suffered loads of FUD. The network even went down a few times but it’s still here swinging. It was touted as the ETH killer & who knows, it just will not lie down.

I definitely think it has potential to bring great profits in the next bull market & as I said it’s so cheap. Definitely a good idea to buy some & sit patiently for a couple of years. It definitely has another wild, parabolic cycle left in it.

It is easily get affected by FUDs because of manipulation. I was thinking before that Solana will be becoming big and conquer other projects but after a few months from its ATH, a continuous drop is what we have seen until it stabilized to its current prize. With the performance that Solana showed to us, I couldn't see the potential of this project, a meme coin can no longer be valuable in the long run and this is actually happening to all meme coins in the market. Therefore, we're not going to expect this project will turn bullish, the price increase we have seen is just hype, and it drop back again in awhile.

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Quote from: krishnaverma on January 05, 2023, 12:58:24 AM

Recently a meme coin was launched on Solana network which got a lot of hype. As a result, Solana prices are about 40% up in last one week. Do you think this is good thing or bad thing for solana ? Just a meme coin causing this boost instead of some solid news like good partnerships or adoption in some company.

If it made the market price for Solana increase by 40% then I can say it is good for Solana, disregarding the possibility of investors getting rekt. On a serious note, anything that can contribute to Solana's market hype is a good thing, it is up to the Solana developer how to use this opportunity to further escalate the good news that will make more people hop into their project. This incident opened a window for Solana developers an opportunity to publish development on a high note. With this hype lurking around, any development publishing will give more boost to the hype.

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Quote from: krishnaverma on January 05, 2023, 12:58:24 AM

Recently a meme coin was launched on Solana network which got a lot of hype. As a result, Solana prices are about 40% up in last one week. Do you think this is good thing or bad thing for solana ? Just a meme coin causing this boost instead of some solid news like good partnerships or adoption in some company.

That's a good pump, and too early to say that SOL is depending too much on that meme token. We should see this as a good progress since there are still project that wants to use SOL network and that can boost the trust again for SOL after the FUD. I don't think this is the end for SOL as they are still here in the market and trying to survive the issue over the FTX. If that meme token succeed, that's also a good success for SOL as they are able to introduce new good projects.

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Quote from: krishnaverma on January 05, 2023, 12:58:24 AM

Recently a meme coin was launched on Solana network which got a lot of hype. As a result, Solana prices are about 40% up in last one week. Do you think this is good thing or bad thing for solana ? Just a meme coin causing this boost instead of some solid news like good partnerships or adoption in some company.

I think about this as bad news, solana is supposed to be a serious coin and yet it can increase 40% in value in just a week because a meme coin got popular, but why this is bad news you may ask? Because just as it can easily go up in value it can go down as well, once the hype for that meme coin decreases then solana will go back to its original price, and there is chance it could go even lower than that as it is possible people will panic sell and the price could crash even harder than what we expect.

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Quote from: DeathAngel on January 05, 2023, 11:50:27 AM

Solana has something doesn’t it. It’s still so cheap, it has suffered loads of FUD. The network even went down a few times but it’s still here swinging. It was touted as the ETH killer & who knows, it just will not lie down.

I definitely think it has potential to bring great profits in the next bull market & as I said it’s so cheap. Definitely a good idea to buy some & sit patiently for a couple of years. It definitely has another wild, parabolic cycle left in it.

This is also my take about SOL though I don’t believe about replacing ETH but pumping in the next bull market are more possible to happen. With this new project under SOL, this can boost the blockchain of SOL again and probably those FUD will start to fade away. SOL should continue to work with more good projects, and for sure in the next bull run SOL will be on a better place, I’ll try to consider buying this now and have some holdings.

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Quote from: krishnaverma on January 05, 2023, 12:58:24 AM

Recently a meme coin was launched on Solana network which got a lot of hype. As a result, Solana prices are about 40% up in last one week. Do you think this is good thing or bad thing for solana ? Just a meme coin causing this boost instead of some solid news like good partnerships or adoption in some company.

Regards of the project, that can still be a good exposure for SOL and maybe this is the best time for SOL to bounce back and kill the FUD in connection with FTX. I didn’t see this meme token coming, and I missed that opportunity, if there’s another good hype for the meme token I guess it can start the bull trend and we should welcome it without a doubt.

Slow death

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the big question is: how far will this meme altcoin continue to rise in price? because the biggest problem with these big price increases is that people now might even be willing to buy at that price because they think that when they buy today, hours later more other people will buy and then more other people will buy and with that the price will be rising and then they sell at a high price and keep a profit, but then what? how is the altcoin of meme and solana? why will people jump to another meme altcoin that appears

and with that solana and that meme coin won't get attention and the price will drop a lot, it's not possible to be fine like that, a serious project shouldn't depend on that kind of thing, the price will go up but in a small and consistent way so which will not be a pump and dump scheme, it will be an altcoin that people can buy and be confident that they will not see a 40% drop in 7 days

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Quote from: krishnaverma on January 05, 2023, 12:58:24 AM

Recently a meme coin was launched on Solana network which got a lot of hype. As a result, Solana prices are about 40% up in last one week. Do you think this is good thing or bad thing for solana ? Just a meme coin causing this boost instead of some solid news like good partnerships or adoption in some company.

BONK is making some waves in this market and the developers of the coin are making news worthy things daily and today they burned 5
5 trillions of coins (still 5% of the total coins Grin

)so that the hype will be maintained for a while. Getting new projects that might have a huge following is always good for Solana but if their network issues continue to haunt them then developers will think twice while building a project on them.

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Quote from: DeathAngel on January 05, 2023, 11:50:27 AM

Solana has something doesn’t it. It’s still so cheap, it has suffered loads of FUD. The network even went down a few times but it’s still here swinging. It was touted as the ETH killer & who knows, it just will not lie down.

I definitely think it has potential to bring great profits in the next bull market & as I said it’s so cheap. Definitely a good idea to buy some & sit patiently for a couple of years. It definitely has another wild, parabolic cycle left in it.

It's not FUD if there's actual proof of the downtime, countless NFT rugs, Centralization, and FTX Involvement (Alameda)
But the collapse of FTX, Alameda, and other bad actors that propped up the chain could be good for the future and transparency.

While Solana might be great, it is most definitely not Ethereum

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Quote from: justdimin on January 05, 2023, 03:33:34 PM

Quote from: JeromeTash on January 05, 2023, 04:46:17 AM

Good thing is you know that it's all hype and hype isn't something that's long-lasting. Whether it's good for Solana or not does not really matter because we are still in a bear market. I sense some sort of pump and dump scheme going on and members who FOMO out to be very careful with this or else the pumpers and dumpers will profit from you leaving you holding bags of shitcoins.

People who are interested in this will end up with buying more, and it could all be because of a hype and doesn't mean it will drop neither. Maybe some rich whale saw it and liked it and bought some to store it aside as well, who knows? That's why it's much better if we could end up investing into SOl when we see it low, not when it jumps up this big, it just doesn2t make sense to do that.

I know it's not as simple as people make it out to be, it takes a while for it to be settling again back to where it was, or maybe it won't but I definitely disagree with anyone who wants to buy it now when it is high, should have done it two weeks ago when it was low and sell now when it's high.

I agree with jerome that hypes aren't long lasting. That won't change anymore even those hype seekers won't agree with it and insist to buy more. What they are doing is very risky and the only thing that they will get on this is not profits but losses. Whales are wise people so I don't think they will HODL a meme coin but SOL maybe as Solana isn't a meme coin.

The only thing that a whale can do to a meme coin is to manipulate it (buying and selling quickly). This is where they make their money the most. As a serious investor. No doubt that the best time to accumulate is when the price is dipping. We can still do it on other top cryptos because they haven't recovered yet.

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Quote from: traderethereum on January 06, 2023, 04:15:03 AM

Maybe they want to pique the interest of investors by pumping in the meme coins launched on the Solana network and I guess that's normal because we've seen it happen a lot before too.
We must be aware of this because this is not a good or bad sign. After all, we also don't know how the project will go.
I also wouldn't think too much about whether the meme coin project would still be trending and would rather focus on bitcoin.
And if people still want to follow the meme coin project, they need to be very careful.

It hypes because of price manipulation. But I don't think this will still gain more attraction knowing that investors now had already learned from their mistakes from investing in projects with the same scheme before. Investing in meme coins is certainly not a good idea and I hope newbies will open their eyes and see the risk of investing in them. I'm not discouraging people from investing in altcoins but be sure we have done with the research and we have to stay away from new projects.

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Maybe they want to pique the interest of investors by pumping in the meme coins launched on the Solana network and I guess that's normal because we've seen it happen a lot before too.
We must be aware of this because this is not a good or bad sign. After all, we also don't know how the project will go.
I also wouldn't think too much about whether the meme coin project would still be trending and would rather focus on bitcoin.
And if people still want to follow the meme coin project, they need to be very careful.

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Quote from: BossTrack on January 05, 2023, 09:36:50 PM

If anything it's a sign the bottom is not in. We aren't -truly- in the bottom when shiz like this happens.

How many bottoms have you seen? Because i would like to know what are you basing this on... How this has anything to do with the bottom not being seen?
If some random token moons and people who got it by airdrop are getting wealthy, it imho only shows that investors are getting their confidence back if they are not instantly dumping it to markets..

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If anything it's a sign the bottom is not in. We aren't -truly- in the bottom when shiz like this happens.

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It's always mind blowing when meme coin could have some massive increase very suddenly that it quite literally influence the value of the blockchain where the meme coin token is, usually such occurrence only possible with normal coin at the time of bullish but with meme coin it could quite literally goes against the trend just for fun, even though it seems this meme coin isn't sustaining for long term value but it's already good enough that in the middle of bearish added with the fact that there's economic crisis gonna come it could still increase more than thousands percents and could very well be continuing its bullish even further.

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I'm not a fan of meme coins and I only see this as a temporary hype as a first meme dog token on solana. I don't think this will have a long term value and given it's on solana, I don't think this will survive till the next bull market. People think this meme coin will be the saving grace of solana but I don't think so. Their bonkcoin is too late in the meme coin era. If they came earlier in the game, They could achieve so much more compared on the gain they have today. Again, It's remarkable that the meme coin value gain so much despite of the market situation but yeah it's temporary and most of us knows.

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even though this is meme coin it's quite good seeing some bullish coin after all the things that the market went through basically have quite long bearish, I guess meme coin could always goes against the trend and somehow make some coins looks alive again in this case is solana that got influenced by the existence of meme coin.
I remember the bullrun back then was accompanied by meme coins and I think this meme coin could change the course of the trend after all the influence was quite big to its platform even though we should wait and see whether this coin could still hold its value or just losing it as it goes.

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Quote from: JeromeTash on January 05, 2023, 04:46:17 AM

Good thing is you know that it's all hype and hype isn't something that's long-lasting. Whether it's good for Solana or not does not really matter because we are still in a bear market. I sense some sort of pump and dump scheme going on and members who FOMO out to be very careful with this or else the pumpers and dumpers will profit from you leaving you holding bags of shitcoins.

People who are interested in this will end up with buying more, and it could all be because of a hype and doesn't mean it will drop neither. Maybe some rich whale saw it and liked it and bought some to store it aside as well, who knows? That's why it's much better if we could end up investing into SOl when we see it low, not when it jumps up this big, it just doesn2t make sense to do that.

I know it's not as simple as people make it out to be, it takes a while for it to be settling again back to where it was, or maybe it won't but I definitely disagree with anyone who wants to buy it now when it is high, should have done it two weeks ago when it was low and sell now when it's high.

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For an investor on Solana every rise is a news they welcome regardless of what’s the source of the good news.although the creation of Solana which I thought was a wrong move seem to be their saving grace. Memecoin are always quick to get hype.

From Dogecoin to some other memecoin they received good hype early on and fades. I am concerned how long Solana could hold the rise if it’s true they saw the rise due to a memecoin on their network.

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Solana has something doesn’t it. It’s still so cheap, it has suffered loads of FUD. The network even went down a few times but it’s still here swinging. It was touted as the ETH killer & who knows, it just will not lie down.

I definitely think it has potential to bring great profits in the next bull market & as I said it’s so cheap. Definitely a good idea to buy some & sit patiently for a couple of years. It definitely has another wild, parabolic cycle left in it.

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Quote from: krishnaverma on January 05, 2023, 12:58:24 AM

Recently a meme coin was launched on Solana network which got a lot of hype. As a result, Solana prices are about 40% up in last one week. Do you think this is good thing or bad thing for solana ? Just a meme coin causing this boost instead of some solid news like good partnerships or adoption in some company.

There is very little liquidity in the market right now, so the price usually drops after such pumps. Serious projects continue to leave this ecosystem.There is a lot of news about cryptocurrencies until there is no real mass application in the budget sectors for the majority of users.

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Quote from: krishnaverma on January 05, 2023, 12:58:24 AM

Recently a meme coin was launched on Solana network which got a lot of hype. As a result, Solana prices are about 40% up in last one week. Do you think this is good thing or bad thing for solana ? Just a meme coin causing this boost instead of some solid news like good partnerships or adoption in some company.

Not a surprise as meme coins are just hype and can't be trusted when it comes to long-term investment.
But, I don't say it was a mistake investing in Solana but be sure to sell them when it peaks otherwise, regrets are really gonna happen in the end. But if we are looking into something that we can assure the safety of our investment, better to avoid meme coins like Solana. The hype will never stay long and many investors had failed to make a profit because of thinking more (greed), and I don't want you to suffer like that.

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Quote from: Fesatmas on January 05, 2023, 06:15:38 AM

Once again we're looking at a new meme coin and it's taking Solana a step up. Actually this is an opportunity for them to attract big investors again, I mean they can take advantage of the meme coin hype on the Solana network to introduce the innovations they will run. But if they don't take this as an opportunity, I think in the future we will see the same ending (once this meme coin is less hype) they will be left again.

meme coins are not enough to generate much interest from investors except for beginners trying to gamble their luck and want to get rich quickly or vice versa. the nature of meme coin is not sustainable in the long term. We have gone through many meme coins even on the Solana network also many meme coins have been launched. Hype is definitely not the ideal sector for investors to play with big money unless they don't understand how long term investing works.

1 coin hype meme if I'm not mistaken $BONK, has attracted many fraudsters to launch the same coin and that's where Solana will become a hotbed of destruction. I mean just in a week or maybe 1 month it can last but in the end the Solana network can't fix its mistake in one night.

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Quote from: JeromeTash on January 05, 2023, 04:46:17 AM

Good thing is you know that it's all hype and hype isn't something that's long-lasting. Whether it's good for Solana or not does not really matter because we are still in a bear market. I sense some sort of pump and dump scheme going on and members who FOMO out to be very careful with this or else the pumpers and dumpers will profit from you leaving you holding bags of shitcoins.

Tell that to Shiba Inu with a marketcap still worth 4.6 BILLION dollars. And how do you know if this is just a short or long term hype? There has been many cases when some altcoins have rised during the overall bear market. And BONK is just few days old. It's given free to active solana NFT projects, which i love as fair distribution.

Sure, rising 4000% in one week raises eyebrows but there can be many things that justify it.

Only thing i hate about this is their logo forced to look like generic 3d plastic blob made by cheapest artist ever.

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Quote from: krishnaverma on January 05, 2023, 12:58:24 AM

Recently a meme coin was launched on Solana network which got a lot of hype. As a result, Solana prices are about 40% up in last one week. Do you think this is good thing or bad thing for solana ? Just a meme coin causing this boost instead of some solid news like good partnerships or adoption in some company.

Yes this meme coin has super recharged Solona coin and now many Meme coins has been launched and giving free Airdrops to Solona Users. Solona coin was dying day by day and after Bonk coin launch and Airdrop to NFt holder Solona price back to 13$. Now it's looking so positive and we can see very soon 29$ in upcoming days if trend continues.

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Once again we're looking at a new meme coin and it's taking Solana a step up. Actually this is an opportunity for them to attract big investors again, I mean they can take advantage of the meme coin hype on the Solana network to introduce the innovations they will run. But if they don't take this as an opportunity, I think in the future we will see the same ending (once this meme coin is less hype) they will be left again.

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Quote from: krishnaverma on January 05, 2023, 12:58:24 AM

Recently a meme coin was launched on Solana network which got a lot of hype. As a result, Solana prices are about 40% up in last one week. Do you think this is good thing or bad thing for solana ? Just a meme coin causing this boost instead of some solid news like good partnerships or adoption in some company.

not surprising. but that's exactly what happened to Solana from the start. they take advantage of the hype that occurs in their network. developing several projects from the Solana network which suddenly became very expensive. this happened in the past. but now the much talked about meme coin seems to be moving the Solana price. however, we already saw how Solana took off last year. I don't know what to do, maybe this year they will be better, or just for a moment.

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Quote from: krishnaverma on January 05, 2023, 12:58:24 AM

Recently a meme coin was launched on Solana network which got a lot of hype. As a result, Solana prices are about 40% up in last one week. Do you think this is good thing or bad thing for solana ? Just a meme coin causing this boost instead of some solid news like good partnerships or adoption in some company.

Not gonna say anything about solana but those that are investing in Bonk and think that it's not going to fall anytime. Well, honestly this is the time that you should be worried if this is the time you want to get in.
It's likely that the peak has been reached and the fall will start to happen anytime soon. We're done with meme coins or should I say not yet and they're building it up on the different networks so that it's going to be sort of something new for most investors.
But this isn't the way for me to invest, I'm avoiding most of these meme coins and the hype that it creates.

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Solana rose a lot in a past bull market with support from FTX, Alameda Research which are all dead now after FTX fiasco.

Without big backers like FTX and Alameda Research, Solana won't be able to reclaim $200 all time high. Solana blockchain has technical problems that caused a lot of issues on its network and lot of inconvenience for users. At some points, Solana blockchain even stopped working that is not a good history.

The hype of meme tokens on Solana blockchain caused $SOL price to rise a lot. It's a good chance for $SOL holders to cut loss in my opinion.

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Quote from: krishnaverma on January 05, 2023, 12:58:24 AM

Recently a meme coin was launched on Solana network which got a lot of hype. As a result, Solana prices are about 40% up in last one week. Do you think this is good thing or bad thing for solana ? Just a meme coin causing this boost instead of some solid news like good partnerships or adoption in some company.

We just need to take a chance at the beginning and not fall for it when the hype has peaked. the benefits of buying meme coins are indeed quite tempting with fantastic increases. Some of my relatives bought them and indeed at this point, they have taken advantage of them early before disposal occurs. The meme coin itself is identical to the hype which is futures so it won't be profitable forever even if it can be thrown away at any time so it has no value in the market. It's a double-edged sword, as it's advantageous for early buyers and those exposed to the hype should be wary of disposal at short notice. Hype is still hype or indeed this is more of a coin meme gambling that has happened a lot everywhere. In the end, nothing lasts.

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MemeCoin cannot do that, as some speculators may have found it an opportunity to invest, especially with the closing of trading and weak liquidity during the holidays.
In general, it is not a good hypothesis for a currency that you want to invest in in the long term, as there are many doubts about the centrality of Solana, so if you were invested in it before, withdraw your profits and leave the rest for a short-term investment.

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Of course, it's a good thing and they hope this will constantly be the scenario in their market because undoubtedly it will gonna be the reason to multiply their investors. Actually, this is good news for all of us because since the bearish market has occurred, we rarely see news such as this one, and others always negative that affect the crypto market negatively. We hope to see more positive progress in the future because we really need to move on against this bearish trend to keep out from critics because whenever the market is not looking good, they are there to spread lies against the crypto community.

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Quote from: qzl9899 on January 05, 2023, 02:39:30 AM

According to the tracking, bonk is most likely from a Chinese team. They have created a number of ups and downs before, which have wiped out the wealth of many people. Bonk is not a decentralized meme, but a highly controlled fraud. Please be careful.

It is obvious that those who are investing now in this meme coin will be in loss as price is already too much pumped up.

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Good thing is you know that it's all hype and hype isn't something that's long-lasting. Whether it's good for Solana or not does not really matter because we are still in a bear market. I sense some sort of pump and dump scheme going on and members who FOMO out to be very careful with this or else the pumpers and dumpers will profit from you leaving you holding bags of shitcoins.

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According to the tracking, bonk is most likely from a Chinese team. They have created a number of ups and downs before, which have wiped out the wealth of many people. Bonk is not a decentralized meme, but a highly controlled fraud. Please be careful.

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The bull run year is too far yet one would have to be very careful in getting into meme like this, especially in SOL which is almost abandoned by investors. If you get in with this game, make sure you are ready to sell even if it doesn't hit yet the ATH base on RSI because it will take a nose dive.

Memecoins are in every platform but there are memecoins that didn't really make noise despite their huge leap. But BONK of SOL is pretty much hyped to make a crowd hype.

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Quote from: krishnaverma on January 05, 2023, 12:58:24 AM

Recently a meme coin was launched on Solana network which got a lot of hype. As a result, Solana prices are about 40% up in last one week. Do you think this is good thing or bad thing for solana ? Just a meme coin causing this boost instead of some solid news like good partnerships or adoption in some company.

At least more people will be interested and know about Solana because of the hype of the meme coin. But it is not always good. People will invest in Solana, the hype of the meme coin dies, the price of Solana starts to drop, newbies make huge loss and they will end up calling the whole crypto market a scam. Same goes for investing in that meme coin. And it's more weird that a meme coin is causing the price of Solana to go up. Wouldn't that affect the reputation of Solana negatively?

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Quote from: krishnaverma on January 05, 2023, 12:58:24 AM

Recently a meme coin was launched on Solana network which got a lot of hype. As a result, Solana prices are about 40% up in last one week. Do you think this is good thing or bad thing for solana ? Just a meme coin causing this boost instead of some solid news like good partnerships or adoption in some company.

Any kind of gain through their network is their win. Yes they release an airdrop and we all knew how it will excite the community and solana could gain some positive on that thinking that there will be more free money on that side. Yes bonk gauranteed profit for airdroppers and some are gonna get rekt with the hype. They are still holding on in the midst of a bear market situation.

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We are in a 'bear market' for which all coins are not showing signs of profit then comes this meme coin Bonk and it is going bonkers. It has marketcap of $227 million and up 3,700% in the last 7 days.
This can not last a lot of people will regret going into this 'get rich quick' memecoin. It is called 'The first Solana Dog Coin for the people and by the people' but we have seen this before with memecoins that go on to lose value and fast.

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Recently a meme coin was launched on Solana network which got a lot of hype. As a result, Solana prices are about 40% up in last one week. Do you think this is good thing or bad thing for solana ? Just a meme coin causing this boost instead of some solid news like good partnerships or adoption in some company.

Topic: Meme coin caused Solana price to rise by 40% in a week (Read 519 times)