Topic: Meme coins have no use case - page 4. (Read 664 times)

It was the cryptocurrencies that were already issued under the name of memes that sank the market. It doesn't have any technological development, it's a worthless entity that emerged purely for the purpose of fomo. People looked that as the doge was inflated by Elon Musk, he shifted their investments. People who wanted to take advantage of the opportunity immediately created an interface with a simple site, issued tokens and released them to the market. They made very serious profits. But my advice is to stay away from it as much as possible. Even if you are still going to invest, it will be to determine the amounts that do not upset you and the point you need to exit.

I agree with that, something that doesn't have a utility is not worth investing in since in the long term it could easily fall down its price value and make it riskier when it comes to long-term investment.

Most of the time coins like this are jump pump and dump because the price pump is just because of the hype in the market so after a pump there is always a dump coming for sure.

But I guess DOGE coin is a little special at most of the meme coin because it has a big community that believed that DOGE coin will be a currency that you could use.

Yes, it is very clear because when the meme coin market is in a bearish condition, it will be very risky to continue buying it, even at a low price point, because meme coins take a very long time to bounce back, and even then if there is support from the news which is good in the crypto space.

They don't want to do this.

What they've been believing is that Elon is with them and meme coin is the future. Well, they'll be learning the lesson the hard way when most of these meme coins starts to drop in value.

Bitcoin and owning other good altcoins would still be the good strategy or if someone cannot avail to hold other altcoins and wants to stick to bitcoin, that's also a good strategy.

Meme coins can have a use case depends on the developer's roadmap.  After all, being a Meme coin is only a label, development and roadmap depends on the developer themselves.  Just, for example, a dogecoin can be developed into a more useful one but sadly developers are quite lazy to do something about it.  Many other newly created Meme coins are following Dogecoin's footsteps but some of them are actually planning to put a real-life application such as creating dexes as a service, while others are to develop a platform where anyone can enjoy purchasing something where their Meme token is the main medium of exchange.

because they trust the words of the billionaire too much and I think their expectations about this coin are too big so the reality that is happening now is that many people don't want to accept and still hope with a pump from a billionaire.
I think it's very risky again and I'm sure a lot of people will be disappointed with this

some Fomo people are so hype about this coin because they are so confident in backing up a billionaire without them realizing the dangers that lie behind them.
I think they are now regretting what they did to glorify this meme coin

Some people do well but it’s a minority really & you really do risk losing everything with these type of investments. Stick to bitcoin & other established alts rather than risking with meme coins.

That is the bitter truth behind the Meme coins. Once the Doge started to go up (when someone tweets), people started to think that it may easily go pass the BNB and even Ethereum. With that hype, people started to create more and more meme coins, which do  not even have any use case. As it started to collapse, they became worthless pieces of assets and I do not think anyone would invest further on such coins which do not have a proper case at any means.

Looks like it turned out right for Meme coins, market is very bearish right now for Meme coins.

Considering only to buy a useful projects has better chances and potential. 

Recently, we saw so many people buying Meme coins, hoping for a new Doge. At first, some profits could be made but it didn't last long.


Keep a realistical point of view

From a realistical point of view, Meme coins don't offer any improving feature, it's just pump and dump, pure speculation. If nobody will buy it anymore, it becomes obsolete. Behind Meme coins, no innovative technology can be found.
Meme coins can be used for payment, but also like every existing project, so why not using Bitcoin for it? No seller will accept dozens of Meme coins.
We should ask us ourself: which benefits can a Meme coins really offer? And our answer will be: none, it's just speculation.

We can assume: when we don't have any hype, such projects will crash.


Buy innovation instead of hype

Crypto is still very early and we will see so many projects build on crypto. But good projects will not be build on Memes coins, good projects will be built on solid platforms where all features are available for a high-scaled and decentralized.
Such projects are for example IOTA and Avalanche, rising and innovating Blockchain standards and showing a clear vision for technological standards. IOTA has a record of being an innovative and internal leading projects for industrial standards, coming from Germany and already partner of industry leaders. Avalanche has established to arise as an interoperable project also for economic solutions, like decentralized finance but also government cooperation. A highly relevant feature of Avalanche will be subnets, where each industrial or governmental standard can be met - powered by Avalanche.
Such projects will be innovative and important to buy because whole industries will be built on it - not on Meme coins!

Meme coins are just pump and dump and have no real value. When crypto shows its true potential, Meme coins won't play a big role anymore.
Conclusion: Invest wisely and research about projects for industrial, economical and governmental use!