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Topic: Memecoins Vs legit Altcoins in 2023 - page 7. (Read 1311 times)

sr. member
Activity: 1372
Merit: 251
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July 30, 2023, 02:32:17 PM
#32
It's no wonder that when something is trending, there are bound to be many imitators, in other words, they will follow in their footsteps. Currently there are many coin meme projects that have sprung up, it is the work of fraudsters who take advantage of this situation to attract investors, so it is not recommended to invest in projects that follow the trend
sr. member
Activity: 1936
Merit: 290
July 30, 2023, 01:33:04 PM
#31
Sources start from an investor rushing to invest in meme coin due to sudden riches and all these campaigns started from the social media section. Moreover, most of the new investors are more interested in buying meme coin. But if every meme coin can keep their position in agreement with big investors then surely profit can be made there. Otherwise you can profit from good altcoins if you can collect them at cheap prices.
staff
Activity: 2436
Merit: 2347
July 30, 2023, 11:32:02 AM
#30
Because everyone wants to make money fast, people prefer gambling to get rich rather than serious investment, so meme projects will remain a hot trend in any market stage. It can be said that it is the needs of investors that help meme projects grow more every day.

Investing in memes is risky but exciting because if you're lucky you can change your life quickly. Meanwhile, if you invest in bitcoin, you need to hold it for a long time to get a profit, but it is not guaranteed to bring you big profit. The higher the profit, the higher the risk, everything is proportional to each other, so depending on the needs and preferences of each person, there are different options.

That's exactly right. As long as people look at cryptocurrencies as a form of gambling, the market will continue to give birth to projects like PEPE, SHIB, etc. People will continue to lose money on this gambling, thinking that the whole crypto industry is a scam, but they will still be willing to participate in any dubious project that promises quick riches.  Crypto sector is good at playing on human greed and stupidity like no other.
sr. member
Activity: 1610
Merit: 264
July 30, 2023, 10:19:11 AM
#29
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I don't think that meme coins launching will simply stop, and as you have said, it's been growing in the last couple of years. And the reason simply is,

This meme coins are a magnet for easy money, I mean the developers can launch it and just used the social media to create a hype and then investors suddenly flocking in hope on a easy money profit. Admit it or not, this has been the formula ever since. The thing is that many noobs are also thinking this way so they might join the meme coins craze. Unfortunately, if you don't know how the game is played then they might lose their money and they could be the victims in the long run. So for me it's not advisable specially if you are a newbie to just follow meme coins and invest and then hope that you will get x10 or higher profits.
To be fair, if I was like for a short-term only, I would prefer buying DOGE, SHIBA and every INU breeds out there and I would just sell it right away whenever the pump happens. Community-wise, they're going to get more attention rather than these technical altcoin with the exception of AI since it is continuing to be a relevant topic with the fear of it shaking the job market. Even by hyping it through social media might be an overkill depending on the meme.

Meme are going to be part of the internet as a culture and people need to accept that. It's just going to change overtime and same goes to how new meme coins get created. Even if it has no utility at all, it's like sort of a "culture token" like for fun-sies.

2020-2021 were the hype of meme coins, it was when Dogecoin became very popular because Elon Musk campaigned it. Since Dogecoin was popular, we saw too many meme coins at that time but most of them just end up with nothing. Many of them were scams, some failed to develop because they have no longer demands on the market. So, I don't think this year will be the hype of meme coins because there are many people who feel disappointed with meme coins. Sure, as the name of meme coins, it have no strong fundamentals, they no clear plan in the future. That's why we know that it is not recommended to invest in meme coins.

Anyway where do you get the stats that there are 8 meme coins projects of 10 current projects? If it is related to the new projects in this forum, I assume we have more AI projects than meme coin projects.
Well it's not really "campaigning" it more like just mentioned it. Many of his followers surely wanted to be like him so they joined the train hype to the coins he held. Even if you think that meme coins aren't going to be the hot topic this year, believe me, there were hundreds or maybe thousands of memes that already originated back around 2013 and some random bored guy out there would surely start it out.

Just a disclaimer that I am not an investor of a meme coin, this is just me putting myself into a perspective of an meme coin investor.
hero member
Activity: 2268
Merit: 579
Vave.com - Crypto Casino
July 30, 2023, 09:00:22 AM
#28
What do you think? Why memecoin launching is increasing so much in this year?

Because everyone wants to make money fast, people prefer gambling to get rich rather than serious investment, so meme projects will remain a hot trend in any market stage. It can be said that it is the needs of investors that help meme projects grow more every day.

Investing in memes is risky but exciting because if you're lucky you can change your life quickly. Meanwhile, if you invest in bitcoin, you need to hold it for a long time to get a profit, but it is not guaranteed to bring you big profit. The higher the profit, the higher the risk, everything is proportional to each other, so depending on the needs and preferences of each person, there are different options.
hero member
Activity: 952
Merit: 552
July 30, 2023, 03:29:21 AM
#27
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?

There is nothing spectacular about memecoins, they are just another phase of ICO time when everyone with coding knowledge of javascript and Evm, which were looming in Ethereum chain back then, people loves to move from where there is money to another and that is what 100% meme coins are all about, check all of them that has been launch over the last year and early 2021, it is only doge and Shiba that is still relevant till today and I think Shiba isn't as hot as before.

The reason why there has not been reduction on the launch of meme coins is because there has not been another trends investors can make money from, they will stay here and continue to launch worthless project without any use case than do something tangible, be looking out on halving I'm very positive about new trend and watch how they move and abandon all the meme coins just how they abandoned ICO projects in the past.
sr. member
Activity: 1022
Merit: 363
July 30, 2023, 03:09:29 AM
#26
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?

Because for some people its easy to create a shitcoin without anything to introduce and just build a hype then you good to go. But that doesn't mean that a project have whitepaper and roadmap is not scam since this is still rampant even these days, but its just its easy to launch a meme coin that's the reason why we see a major increase especially at the moment meme coin gather big hypes due to recent success accumulated by some of these projects.
hero member
Activity: 3024
Merit: 614
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July 30, 2023, 02:23:30 AM
#25
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?
There are many who made profits from these meme coins and these are the developers and early investors, meme coins is the new Ponzi scheme the early investors are the one making money these meme coins promote that they are the next Dogecoin and Shiba Inu, they use shill marketing and FOMO because they have a model for this, like Dogecoin Shina Inu and now Pepe coin, whatever the trend now expects a lot of new trend coin flooding the market, investing in MEME coin is high risk now, because of the many investors losing their money, there's the possibility that they are not going to support these coming ne Meme coins.
So be aware on when this going to end.
newbie
Activity: 38
Merit: 0
July 30, 2023, 01:52:12 AM
#24
A lot depends on the capitalization of the coin. The more capitalization of the coin the more stable it becomes.
hero member
Activity: 1106
Merit: 570
July 30, 2023, 01:45:47 AM
#23
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?

Many new projects getting launched aren't legit they're scammers taking advantage of the memecoin hype to launch fake project to scam people that'll fall for their tricks. We're about to enter the bull market season so scammers are launching memecoin to trick people that are believing they'll make a lot of profits if they invest in the new memecoin since other memecoin gave profits.
We'll likely see more increase in memecoin getting launched both the legit ones and the ones created mainly to scam investors. I'll trust only the memecoin on Binance exchange as Binance exchange won't list scam coins as that'll spoil their reputation. As we're still in bear market, they'll still low that if I buy them now I can make big profits when the bull market starts as coins are pumping.
Also it's because of the success of Dogecoin, Shiba Inu, floki and the rest of other successful memecoins that's why more meme coins are getting launched. Investors are looking for the next meme coin so they're investing in everything relating to meme coin that's why more are getting launched both the legit ones and the ones created to scam investors by scammers.
member
Activity: 543
Merit: 10
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July 29, 2023, 06:23:13 PM
#22
because since BONK and PEPE appeared meme coins have become hype. it's like crypto gaming or web3, I mean before the coin meme hype like currently crypto gaming and web3 also had this kind of hype and many new projects came up with such a concept. I think it's just seizing the moment and won't last long.
hero member
Activity: 2086
Merit: 553
Leading Crypto Sports Betting & Casino Platform
July 29, 2023, 06:07:13 PM
#21
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.
2020-2021 were the hype of meme coins, it was when Dogecoin became very popular because Elon Musk campaigned it. Since Dogecoin was popular, we saw too many meme coins at that time but most of them just end up with nothing. Many of them were scams, some failed to develop because they have no longer demands on the market. So, I don't think this year will be the hype of meme coins because there are many people who feel disappointed with meme coins. Sure, as the name of meme coins, it have no strong fundamentals, they no clear plan in the future. That's why we know that it is not recommended to invest in meme coins.

Anyway where do you get the stats that there are 8 meme coins projects of 10 current projects? If it is related to the new projects in this forum, I assume we have more AI projects than meme coin projects.


legendary
Activity: 3122
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July 29, 2023, 05:41:24 PM
#20
....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?
This is so true and so annoying. Since the price of Doge jumped very high at that time, since then many meme coins have appeared, in various ways, many new projects related to meme coins. I thought meme coins ended earlier this year but it's still going on even today. so it can't be avoided, there are so many meme coins. And unfortunately, most of these meme coins are SHITCOINS

Let's see how many meme coins are successful and last long? Very few, most of them only take advantage of the meme coins hype which will eventually drop drastically in the future.

now, it is on the hands of the investors how they will attack such hype. are they going to invest on these most short-lived projects or not? we can't control how these people will launch project after project. it is on you how you will approach on this hype. at the end of the day, you have the control of your funds and it is up to you where you want to put it. so whatever these scammers are going to do, the effect will be up to you on how you deal with them. better skip on this hype and stick with valuable alts.
full member
Activity: 1582
Merit: 132
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July 29, 2023, 05:37:19 PM
#19
....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?
This is so true and so annoying. Since the price of Doge jumped very high at that time, since then many meme coins have appeared, in various ways, many new projects related to meme coins. I thought meme coins ended earlier this year but it's still going on even today. so it can't be avoided, there are so many meme coins. And unfortunately, most of these meme coins are SHITCOINS

Let's see how many meme coins are successful and last long? Very few, most of them only take advantage of the meme coins hype which will eventually drop drastically in the future.
legendary
Activity: 2268
Merit: 1379
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July 29, 2023, 05:21:20 PM
#18
It seems, this year will be full of memecoins. What do you think? Why memecoin launching is increasing so much in this year?
I think it will always stays on the lane on crypto. Itd like a virus that has been there for a while and as long as there are many developers who love to create countless meme this will not end. Its like a networking style actually, where the new project with new hype gets attention and traction while the old simply gone if not seen or work out. Its a life cycle of money and there will be always a dead end for some.
hero member
Activity: 2954
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July 29, 2023, 05:09:20 PM
#17
It seems, this year will be full of memecoins. What do you think? Why memecoin launching is increasing so much in this year?
Developers want easy money - they want to buy a Lambo to park in their respective garages. Does that make sense as a valid answer?

The coin meme trend is growing because many people want to get rich quick. These coin memes have no use cases - but some have become popular and have gotten a lot of attention. Some people choose the coin meme because of the potential profit through price volatility - but I think it's always going to be hard to repeat the best of history once the price hits ATH. Even if bitcoin hits its new ATH in the future - I think some coin memes will just die and be left out.
thats true, main reason being, some people just want get rich quick, honestly if not for the fact that so many people randomly throwing their money at every meme coins they see, the emergence of meme coin in general wouldn't be this massive.
but the truth is that, majority of people are really eager to get rich by taking advantage of the volatility, but honestly they didn't realize that they are quite literally getting taken advantage by the devs.
its really sad though, how many people out there spending their life saving in hoping that they'd be rich but instead they lost their saving, it's rather ironic i must say.
but then again it should be a good life lesson for them, though there are already many advice to be against investing in such highly volatile and manipulated coin.
legendary
Activity: 1064
Merit: 1228
Playgram - The Telegram Casino
July 29, 2023, 04:05:10 PM
#16
It seems, this year will be full of memecoins. What do you think? Why memecoin launching is increasing so much in this year?
Developers want easy money - they want to buy a Lambo to park in their respective garages. Does that make sense as a valid answer?

The coin meme trend is growing because many people want to get rich quick. These coin memes have no use cases - but some have become popular and have gotten a lot of attention. Some people choose the coin meme because of the potential profit through price volatility - but I think it's always going to be hard to repeat the best of history once the price hits ATH. Even if bitcoin hits its new ATH in the future - I think some coin memes will just die and be left out.
sr. member
Activity: 1274
Merit: 457
Vave.com - Crypto Casino
July 29, 2023, 03:40:09 PM
#15
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?
I don't think professional and wise traders invest much in these meme coins. Those who invest here are mostly traders who think that they can get rich in a very short period of time with a small investment or a large investment. And if you see that among the investors, their number is more and meme coins have appeared to attract them. However, the end result is mostly losses. So I think that no matter how many meme coins emerge, those potential projects will eventually take over the market.
legendary
Activity: 3752
Merit: 1415
July 29, 2023, 03:31:41 PM
#14
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?

Happens all the time.  They found so.e success in 2021 so everyone thinks they are going to hit it big again.  Sad part is most people will just end up losing all of theor money to these people launching these.  Those are the only people that's going to hit it big.  Steer clear of fads that make no sense meaning there is no real project bilehind it.  Can't wait for this meme thing to finally be over its annoying.
sr. member
Activity: 1246
Merit: 262
July 29, 2023, 03:23:40 PM
#13
Last year, memecoin is promising for trading because price pump drastically and easily earn profit above 400% until 600% depend right or early time for entry, but I don't think in this year still worth for trading or investing in memecoin because many scammer easily created memecoins and listed only with dapp exchange market. Few hours after memecoin listed on market, developer removed liquidity and holder can't sell yet with their memecoin.
I have stop trade and invest with memecoin in the beginner this year, legit altcoin is my priority for trading or investing right now because earn profit consistent is better than huge profitable from memecoin but risk for losing our money.
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