Ever since Elon Musk promoted dogecoin, I have seen the unusual hype of memecoin, gaining popularity and new meme projects. But these projects are only shiny from the outside but hollow inside. They exist today but not tomorrow. But investing in legit altcoins is much safer than memecoin.
yes, people are making quite a fortune from memecoin, and people are also enthusiastic about short investing, so it's likely that many developers are racing to make meme coins to profit from the meme coins hype. While we know that investing in popular altcoins is much safer, people are willing to take risks with meme coins, even with enough cash to make a quick profit. 
Topic: Memecoins Vs legit Altcoins in 2023 - page 4. (Read 1224 times)
Ever since Elon Musk promoted dogecoin, I have seen the unusual hype of memecoin, gaining popularity and new meme projects. But these projects are only shiny from the outside but hollow inside. They exist today but not tomorrow. But investing in legit altcoins is much safer than memecoin.
It's all about the timing and how good you are in riding with the hypes, without any knowledge better to stay away
with meme projects and continue to do your research with solid and good alt projects.
Like what you have said, meme gain interest when Musk starts pushing the value of Doge and create hypes inside the market, from that
sparks. People start following the trend keeps an eye on new versions of asset that will be experience the same interest and hypes.
Because investors want to put in a small amount of capital to gain significant profits. Memecoins will continue to exist until there are no longer any investors interested in them.
Many people are now investing in Meme Coin base on the research, which the hype is something else, when invest legit meme coin's trending it gives huge return profits, and ever since Elon musk promote DOGE Coin, Meme Coin open people eyes, like wise Shiba Inu that surprised many people in the crypto market. So they are legit meme Coin One need to invest on, while waiting for next Bull Run. Personal research is the best to invest in Alt-coins.
Ever since Elon Musk promoted dogecoin, I have seen the unusual hype of memecoin, gaining popularity and new meme projects. But these projects are only shiny from the outside but hollow inside. They exist today but not tomorrow. But investing in legit altcoins is much safer than memecoin.
I think we should be free to explore crypto and search for the best alts that can give us profit or give us some entertainment, depending on what someone is looking for. I wouldn't compare meme coins with exchange or casino-based coins, or alts that have their own chains... the crypto world is getting bigger and we have so many new projects around, most of them are scams or simply bad projects, but every now and then we have some good project that is here to stay and make some progress.
So it's on us to choose the best one, or at least to try for that, without risking too much of course. Never get to exposed when getting into new projects, friendly advice.
So it's on us to choose the best one, or at least to try for that, without risking too much of course. Never get to exposed when getting into new projects, friendly advice.
For low price i can buy lot of coin so that's why i want meme coin now. I want buy some meme coin in the future bull market but not like now. If one meme coin will make hype by spreading 10x profits then i can make big profits. Although many people avoid meme coin because lot of risk in meme coin and they can away out of market at anytime.
I personally think that all this depends much on what a person considers a memecoin or a legit project actually is.
For example, Dogecoin has conceived to be a meme coin (a joke or parody of the crypto environment) all about Dogecoin was ironic at the beginning, but with time it actually turned into a legitimate project with millions of followers and holders, many of them are not in ironically.
On the other hand, there have been projects which were supposedly conceived as serious projects which were supposed to change the world with their innovation, but ended up just being meme coins and failing catastrophically to their investors, who were not looking to gamble with their money on memes, but to go for a serious project. That was the sad story of what happened to Terra Luna; it was a blue chip, top altcoin and it only took a couple of days for it to be a meme/shit coin.
The lesson of those cases to always to be responsible with one's money when comes to alt coins.
For example, Dogecoin has conceived to be a meme coin (a joke or parody of the crypto environment) all about Dogecoin was ironic at the beginning, but with time it actually turned into a legitimate project with millions of followers and holders, many of them are not in ironically.
On the other hand, there have been projects which were supposedly conceived as serious projects which were supposed to change the world with their innovation, but ended up just being meme coins and failing catastrophically to their investors, who were not looking to gamble with their money on memes, but to go for a serious project. That was the sad story of what happened to Terra Luna; it was a blue chip, top altcoin and it only took a couple of days for it to be a meme/shit coin.
The lesson of those cases to always to be responsible with one's money when comes to alt coins.
At some point those that are smart, if we can call smart someone that invest in a coin with no value at all, realize things are slowing down and a crash is inevitable, and in that case they might as well just cash out right now and realize their profits, and once enough investors begin to do this the price of the meme coin goes down and that is when panic strikes and massive losses are incurred.
If I were into holding, then buying legit altcoins is the best idea. But we can join the hype projects as well as long as we know how to play the game.
Memecoins are only designed for short-term gains but the risks are very high compared to the legit altcoins with utility and actual use cases, fundamentals, etc.
These memecoins come and go. They were only made based on the latest trends. Like X for example where it was formerly known as Twitter. Some have started creating memecoins based on that trend.
They will be doing some pre-sale stages to their investors before getting listed in DEXs. But in the end, the gains did not last long where it was averaging just a couple of minutes (or more if lucky) before the gradual dump (and rug) begins. The rest who bought at the top before the dump or rug would be left behind.
Legit altcoins that are being launched may not have the same hype as the memecoins, but the long term outcome would be something worthwhile even without any promises or guarantees at all.
These memecoins come and go. They were only made based on the latest trends. Like X for example where it was formerly known as Twitter. Some have started creating memecoins based on that trend.
They will be doing some pre-sale stages to their investors before getting listed in DEXs. But in the end, the gains did not last long where it was averaging just a couple of minutes (or more if lucky) before the gradual dump (and rug) begins. The rest who bought at the top before the dump or rug would be left behind.
Legit altcoins that are being launched may not have the same hype as the memecoins, but the long term outcome would be something worthwhile even without any promises or guarantees at all.
now the aftermath of the meme coin hypes as you can see majority of them instantly losing their value, where is the coin that was populating arbitrum now is nowhere to be seen not even discussed that heavily as it was in the past.
its just goes to show that a meme coin could hardly persists for so long. at best their trend are short lived if you could take advantage of that you could easily get some good profit from the speculation that you've made but should also know not too long holding meme coins they are just bad for that purpose thats why investing in fundamentally strong and legit altcoins is necessity.
after all sometimes you just need to hold for long term to get through the current bearish.
Regardless of the claims of scammers there are limits to how high a coin can go up if it only relies on its hype and in the greed of people.its just goes to show that a meme coin could hardly persists for so long. at best their trend are short lived if you could take advantage of that you could easily get some good profit from the speculation that you've made but should also know not too long holding meme coins they are just bad for that purpose thats why investing in fundamentally strong and legit altcoins is necessity.
after all sometimes you just need to hold for long term to get through the current bearish.
At some point those that are smart, if we can call smart someone that invest in a coin with no value at all, realize things are slowing down and a crash is inevitable, and in that case they might as well just cash out right now and realize their profits, and once enough investors begin to do this the price of the meme coin goes down and that is when panic strikes and massive losses are incurred.
now the aftermath of the meme coin hypes as you can see majority of them instantly losing their value, where is the coin that was populating arbitrum now is nowhere to be seen not even discussed that heavily as it was in the past.
its just goes to show that a meme coin could hardly persists for so long. at best their trend are short lived if you could take advantage of that you could easily get some good profit from the speculation that you've made but should also know not too long holding meme coins they are just bad for that purpose thats why investing in fundamentally strong and legit altcoins is necessity.
after all sometimes you just need to hold for long term to get through the current bearish.
its just goes to show that a meme coin could hardly persists for so long. at best their trend are short lived if you could take advantage of that you could easily get some good profit from the speculation that you've made but should also know not too long holding meme coins they are just bad for that purpose thats why investing in fundamentally strong and legit altcoins is necessity.
after all sometimes you just need to hold for long term to get through the current bearish.
Meme coin does not have a blockchain.
For now, yes, but that will change in the future, as Shiba Inu has been preparing its L2 blockchain for a long time, called Shibarium. Even though this will be the first memcoin to have its own network, I don't believe that this is the reason why all memcoins are scams and useless investments. It's all about the very nature of memcoin being a short-term strategy. Of course, there are exceptions to the rule, such as DOGE, which has been on the market for 10 years, but all other memcoins are designed to be short-lived. Why would coins with short investment activity need their own blockchains. It is expensive and time-consuming.I think it is quite important to realize that if we can't make a profit right now, then it is not going to end up very well for us in the end neither, and thinking shiba will be the one that profits us, is a wrong thinking. It is just a meme, it is just fun, it is not a serious investment and it is only looking to make profit based on hype and nothing more, hell Elon is the only reason it even exists.
Memcoins have never been seen as a source of profit. You don't see going to a casino as a way to make money. Rather, such investments can be considered as gambling, a game of roulette, where you can count on luck and a good addition to your deposit. You should not seriously consider memcoins as an investment asset in the long term. These are just ordinary shitcoins, which depend entirely on the hype.
Meme coin does not have a blockchain.
For now, yes, but that will change in the future, as Shiba Inu has been preparing its L2 blockchain for a long time, called Shibarium. Even though this will be the first memcoin to have its own network, I don't believe that this is the reason why all memcoins are scams and useless investments. It's all about the very nature of memcoin being a short-term strategy. Of course, there are exceptions to the rule, such as DOGE, which has been on the market for 10 years, but all other memcoins are designed to be short-lived. Why would coins with short investment activity need their own blockchains. It is expensive and time-consuming.I think it is quite important to realize that if we can't make a profit right now, then it is not going to end up very well for us in the end neither, and thinking shiba will be the one that profits us, is a wrong thinking. It is just a meme, it is just fun, it is not a serious investment and it is only looking to make profit based on hype and nothing more, hell Elon is the only reason it even exists.
Hello guys i think It's not good to never compared to meme coins to altcoins because meme coin is high risky coin and high profitable coin when moving but altcoins is very thankful coin from my side and It's totally my personal opinion keep remember always altcoins better.
meme coin is honestly nowadays getting beaten up by legit altcoins in terms of short term return, currently the tides have changed and it seems many legit altcoins like optimism, arbitrum and many similar are just giving better profit in general than meme coins, so I guess the trend is fading in 2023
Not sure if the trend of meme coins is over, but people must understand enough if meme coins riskier. We already experienced more than 2 years with meme coins, it won't be easy to attract people with the hype anymore. Previously, I guessed the tokens of AI projects will be trending this year. But I think it is not really trending as expected. Regarding Arbitrum, it becomes popular because many people can earn money from its airdrops and invest in this project early. However, I'm not really sure that Arbitrum will be popular for a long time.one thing needs to know is that meme coin is highly manipulated, there are definitely some schemes there that could give benefits towards the early birds, and the question is how you can be the early birds?
It is difficult to be the early birds and exit with profits at the right time. Since most meme coins are manipulated, the developers can disappear at any time. Only experienced people who knows the tricks to be the early birds. It is absolutely not recommended for beginners or average investors.
maybe many developers are aware that many people are only concerned with chart movements without the need for clarity on the purpose of making these coins. people are just taking advantage of highly volatile price movements to make profits. In fact, coins that have become a scam and are still on the market are still one of the choices for people to buy and take advantage of price movements. So, I think a lot of random developers create meme coins to attract short term investors.
Perhaps, they already know about it and these developers see already their advantage as they have done the survey. But if they are good developers and want to help the crypto space grow, they will not do it and take advantage of the situation instead, they will create a project that would give benefits to the people/community as well, not a useless project. Unfortunately, these developers are too greedy and what is on their minds is the benefits of themselves, not for everyone. So being responsible investors, we also take our decisions and choose the right coins only. 
meme coin is honestly nowadays getting beaten up by legit altcoins in terms of short term return, currently the tides have changed and it seems many legit altcoins like optimism, arbitrum and many similar are just giving better profit in general than meme coins, so I guess the trend is fading in 2023
so I guess they already know that its quick money making which risks them of losing money which is fine for many that invested in these coins honestly. but one thing needs to know is that meme coin is highly manipulated, there are definitely some schemes there that could give benefits towards the early birds, and the question is how you can be the early birds? it might be through inside information, after all not all meme coins are having the flow of investment going in.
When everyone are seeing quick money making paths through these memecoins why would they put efforts in making some projects that solve a problem providing utility to the users so no need to go that way.But this is temporary phase and only the creators will make money only not anyone investing money in them.
as you've already said its quick money making which means its highly speculative, many that invested in these coins are actually knowing fully well that they are speculating though in regard of financial responsibility that is not mine to judge.so I guess they already know that its quick money making which risks them of losing money which is fine for many that invested in these coins honestly. but one thing needs to know is that meme coin is highly manipulated, there are definitely some schemes there that could give benefits towards the early birds, and the question is how you can be the early birds? it might be through inside information, after all not all meme coins are having the flow of investment going in.
Before this year 2023, people were launching projects with whitepaper, roadmap and promote those projects with Their team. Memecoins were few but this year, situation is changed. Everybody is busy launching memecoins, no whitepaper, no roadmap. 8 projects are memecoin out of 10 projects.
It seems, this year will be full of memecoins. What do you think? Why memecoin launching is increasing so much in this year?
Since few years ago, we already saw many meme coins projects. You shouldn't be so surprised because there are many meme coins launched every year. Why there are many meme coins? You already know the answers, it is because they are easy to create and launch. Meme coins don't need WP, products, roadmap, or other fundamental factors. So, we can understand if it is easy to multiply meme coins projects. However, there are still some real projects that have good fundamentals. If you don't like meme coins projects, you only need to ignore them!It seems, this year will be full of memecoins. What do you think? Why memecoin launching is increasing so much in this year?
things then it would really be continuing to exist because fake devs would really be always have that insight and believe that crypto people do really have that interest on investing into these type of coins even if it doesnt really have that actual utility and this is something that really needs to be that be careful on investors point of view. If you do have some extra funds that you could play with then its your choice but it would be much worth if you are do just simply throw off those money and invest in Bitcoin or some top altcoins in the market which it would really be that worth rather than on spending and wasting your money on shit coins.
Trend could changed up basing up on the interest and the current hype in the market and people would just normally be diving in into those things which arent really that even sure or doesnt have
actual utility or simply being garbage.
When everyone are seeing quick money making paths through these memecoins why would they put efforts in making some projects that solve a problem providing utility to the users so no need to go that way.But this is temporary phase and only the creators will make money only not anyone investing money in them.
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