SHIB, DOGE and BabyDoge: How Do Community Favorites Perform?

19Nov16

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Quote from: tokyohd on July 15, 2022, 12:38:30 PM

Dogecoin (DOGE)
Shiba Inu (SHIB)
BabyDoge (BABYDOGE)
Many treat them disparagingly, many consider them just a fun toy and many identify them with memes, but the fact remains that the communities of these coins are so huge that they call themselves armies. We are talking about Dogecoin (DOGE), Shiba Inu (SHIB) and BabyDoge. And while the first two are the more entrenched participants on the crypto market, BabyDoge is not on this list as a passenger, having celebrated its super successful first year since the project's birth in June 2021. How are these popular coins performing in times of total volatility and extreme fear on the crypto market? In short, better than expected, reacting to fundamental events on par with their more serious market competitors. Let's review their charts in detail.

Read more on U.Today https://u.today/shib-doge-and-babydoge-how-do-community-favorites-perform

I'm sure Shib will make many surprises so that it will be the #1 Meme Coins, maybe at this time Doge is still king but if you see the development of the community it is undoubted that Shiba will soon defeat Doge.

evichi

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IMO the three coins Dogecoin (DOGE), Shiba Inu (SHIB), BabyDoge (BABYDOGE) are being influenced by Bitcoin movement. People are holding on the coins (especially Doge and Shiba) and probably waiting for hype or tweet from Elon Musk, CZ and the likes so as to make profit. While most meme coins are worthless, I think Dogecoin and Shiba is an exception as they have maintained top positions at CMC (Dogecoin is No:10, Shiba is No:15) as at 21/07/2022.

virasisog

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Quote from: smartaction on July 21, 2022, 09:16:16 AM

Quote from: tokyohd on July 15, 2022, 12:38:30 PM

Dogecoin (DOGE)
Shiba Inu (SHIB)
BabyDoge (BABYDOGE)

I don’t like Such meme coins. And I don't even care about its pump dump. Elon Musk is playing with these coins. that's why that's coins sometime beehive like gambling. Elon Musk plays with people's emotions only for his gain. So I don't invest in any of his promoted coins and don't care about them.

I don't like these coins either because they could easily be manipulated by influencers' tweets such as Elon Musk. However, we can't still question the people who are buying it because they're taking advantage of its pump and dump which also maximizes their gains but I don't see real potential from meme coins. I still prefer investing with reputable coins.

smartaction

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Quote from: tokyohd on July 15, 2022, 12:38:30 PM

Dogecoin (DOGE)
Shiba Inu (SHIB)
BabyDoge (BABYDOGE)

I don’t like Such meme coins. And I don't even care about its pump dump. Elon Musk is playing with these coins. that's why that's coins sometime beehive like gambling. Elon Musk plays with people's emotions only for his own gain. So I don't invest in any of his promoted coins and don't care about them.

bitzizzix

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As the name suggests they are based on viral memes or themes based on dogs or anything other than pump and dump which is very dangerous if we don't buy and sell at the right time, these coins have no solid foundation or application, their price is driven by some handles on social media .
Therefore it is very risky to invest in this meme coin, especially in very large amounts, Doge and Shiba were only good at that time, but now many investors are complaining and for BabyDoge I don't care.

icalical

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I still don't get it why people would invest in memecoin, all they can do is just to wait some big name like Elon Musk tweeting about their coin. What would you hope for a coin that does not do anything, except for Shiba that they could develop an Ecosystem platform, other MemeCoin is literally a just for fun coin. I am not saying that it is a bad investment, you can still take some profit from it, I just think the project it self is not sustainable.

Jancuki

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The simple reason is that this coin can be considered very cheap and affordable by anyone, and in addition, this coin is able to register in several large markets so that it can be assured that its existence can be said to be reckoned with. In addition, there is support from top people, such as Elon Musk, who often tweets about doge so that the price can increase many times. But for me this coin is not very interesting because of the unclear purpose of its creation and does not find any use at all.

so98nn

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Most of these little valued coins will always get invested for their easiness and for being in the talks all the time. I am pretty sure that they have huge base otherwise they would have never sustained until now. If by far Elon would have not played with them to this extend then those coin would be rolling near by 50-60 cents for sure.

The only joke that happened with them is whales left the chat room when Elon overdo it.

Believe me, otherwise they would have been kings of alts by now. It's yet surprising how we keep talking about them all the time which itself is publicity and likeliness of these coins.

justdimin

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Quote from: tokyohd on July 15, 2022, 12:38:30 PM

Many treat them disparagingly, many consider them just a fun toy and many identify them with memes, but the fact remains that the communities of these coins are so huge that they call themselves armies. We are talking about Dogecoin (DOGE), Shiba Inu (SHIB) and BabyDoge.

Those huge communities and their fun filled claims and activities are enough for progress of those coins and tokens? What is the point of calling themselves with some funny things? Moreover, why you are specially mentioning their community name here? In my opinion, any coin or token without real-life use case may not sustain. For example, if dogecoin was not considered for payments of Tesla or Spacex, then it might have got delisted in most of the exchanges.

Quote from: tokyohd on July 15, 2022, 12:38:30 PM

How are these popular coins performing in times of total volatility and extreme fear on the crypto market? In short, better than expected, reacting to fundamental events on par with their more serious market competitors.

I am not new to crypto markets hence I am not expecting anything different from these meme sh!ts. I just treat them as a short term investments as Elon kind of people are still existing. In my terms short term spans up to 5 or 10 years also (and my long term denotes my life time). So, nothing to concern about short term things usually in my investment strategies.

DanWalker

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Quote from: shushu9977 on July 20, 2022, 06:52:58 PM

First of all, I invest in shib as a huge amount almost one year ago. Secondly I invest in babydoge few months ago when the market was high and pump. Finally, I invest many in dogecoin and sold it. Again I buy it. I know these coin and It can give me huge profit in future. So, don’t judge it just like a toy or memes, it brings a lot of changes in our life.

Some people despise it or hate it, but that doesn't mean it's not worth investing in. Doge and Shiba also have a huge community that's not inferior to top altcoins. However, don't invest too much money in them.

Do you agree with me that memecoins have no utility or application, they are mainly used as pumps and dumps. The market is very unpredictable, anything can happen so don't just focus too much on memes but diversify your portfolio. In comparison to memes, topcoins are not able to make fast and big profits, but they are safer for us as well.

gunhell16

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Quote from: tokyohd on July 15, 2022, 12:38:30 PM

Dogecoin (DOGE)
Shiba Inu (SHIB)
BabyDoge (BABYDOGE)
Many treat them disparagingly, many consider them just a fun toy and many identify them with memes, but the fact remains that the communities of these coins are so huge that they call themselves armies. We are talking about Dogecoin (DOGE), Shiba Inu (SHIB) and BabyDoge. And while the first two are the more entrenched participants on the crypto market, BabyDoge is not on this list as a passenger, having celebrated its super successful first year since the project's birth in June 2021. How are these popular coins performing in times of total volatility and extreme fear on the crypto market? In short, better than expected, reacting to fundamental events on par with their more serious market competitors. Let's review their charts in detail.

Read more on U.Today https://u.today/shib-doge-and-babydoge-how-do-community-favorites-perform

When we hear the word Meme coins the immediate thought of the other community in this forum is a Shitcoins that will only take the risk of your capital, or just a short -term pump that can give you a big income if you also have a large total holding of it into your wallet. But if you look at its accumulated volume in the market you can tell it's not a joke either. Like Dogecoin it has a volume of 1B$(https://coinmarketcap.com/currencies/dogecoin/) more than the market, and Shiba Inu is 986M$(https://coinmarketcap.com/currencies/shiba-inu/) and Babydoge is at 5.1M$(https://coinmarketcap.com/currencies/baby-doge-coin/), shitcoins that others think but can lift anyone who buys them at now a large number and hold it for a long time and suddenly pump its value in the market is definitely a millionaire in the future although there is also a risk that for me its okay.

HeavensPro

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These coins will be alive and will grow as long as it's meme community will be alive. According to the fact that people liked like and will like dogs all over the history they have the future as long as crypto at all have it

shushu9977

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First of all, I invest in shib as a huge amount almost one year ago. Secondly I invest in babydoge few months ago when the market was high and pump. Finally, I invest many in dogecoin and sold it. Again I buy it. I know these coin and It can give me huge profit in future. So, don’t judge it just like a toy or memes, it brings a lot of changes in our life.

sensimilia

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Quote from: tokyohd on July 15, 2022, 12:38:30 PM

Dogecoin (DOGE)
Shiba Inu (SHIB)
BabyDoge (BABYDOGE)
Many treat them disparagingly, many consider them just a fun toy and many identify them with memes, but the fact remains that the communities of these coins are so huge that they call themselves armies. We are talking about Dogecoin (DOGE), Shiba Inu (SHIB) and BabyDoge. And while the first two are the more entrenched participants on the crypto market, BabyDoge is not on this list as a passenger, having celebrated its super successful first year since the project's birth in June 2021. How are these popular coins performing in times of total volatility and extreme fear on the crypto market? In short, better than expected, reacting to fundamental events on par with their more serious market competitors. Let's review their charts in detail.

Read more on U.Today https://u.today/shib-doge-and-babydoge-how-do-community-favorites-perform

These coins have made a big splash in the crypto market. Their There is a large community behind it, resulting in massive awareness of them on various social media platforms for massive publicity campaigns. The world's biggest rich people have invested in these coins. Sometimes a massive pump of these coins is seen.

crwth

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Is it like the ones who follow Korean artists who are top fans of theirs and would throw money at them whenever there's a benefit for them? That's just human nature, I think. Many people fancy something, and if the following that they have and want is SHIB, DOGE, and BabyDoge, then so be it.

It's probably the part of it being a meme that makes it interesting to invest in, but you can lose a lot if you are not careful or mindful of the risks.

I only got the DOGE and SHIB charts.

BUSD-DOGE

BUSD-SHIB

It looks similar, but I think you can make a profit if you just time the bottom. But that's just the gamble.

Doell

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Quote from: Kunnu on July 17, 2022, 04:24:57 AM

As we know Doge coin and SHIB both are perfectly established in crypto currency market with massive volume which indicates potentials in them but I don't expect much with Babydoge coin because in comparison of Doge coin and SHIB Babydoge coin is far behind nevertheless we must always remember that these all are meme altcoins which has no utility cases, these meme altcoins are surviving because of its community support so investing huge amount in these altcoins doesn't make any sense.

Yeah, Investing at meme token with a huge amount is something that doesn't make sense, we can only invest with the money we can afford to lose. Not money from selling houses or other assets, honestly I prefer to buy doge because I have a goal. And not with BabyDoge even though it has the potential for more a lot profits if there any pump, but worst case scenario the dump will be more sick.

Baofeng

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Quote from: The Cryptovator on July 15, 2022, 12:54:34 PM

I don't like to play with meme coins. These pump dump schemes are not potential at all. You have seen how Elon play with Doge, it's all about just making money and filling their pocket. I don't follow such as pump dump coins. I know many people become a millionaire from these coins, but it's like a gamble where everyone's luck wouldn't the same. I always like to pick some potential coins, because I lost a lot from shit coins.

Yes, I agree, pump and dump is very dangerous for non-experience crypto investors. Even for those who have been here for a long time as well, it's not a guarantee that can you make profit or get out in time before the pumpers dump their coins. I guess that's the nature, make money out of those noobs for this whales. So it's either we really don't invest on this meme coins and ignore them or try to get our hands and see how it goes. But expect the worst those and just invest what you can afford to lose.

fuguebtc

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Quote from: serjent05 on July 15, 2022, 05:28:39 PM

Quote from: The Cryptovator on July 15, 2022, 12:54:34 PM

I don't like to play with meme coins. These pump dump schemes are not potential at all. You have seen how Elon play with Doge, it's all about just making money and filling their pocket. I don't follow such as pump dump coins. I know many people become a millionaire from these coins, but it's like a gamble where everyone's luck wouldn't the same. I always like to pick some potential coins, because I lost a lot from shit coins.

But people are into profits. We can't deny that. Honestly, pump and dump things are already a part of trading history, so hating it now is somehow a waste of energy. Instead, we should take advantage of the knowledge we have, ride on the pump and dump and get a profit with it. This is another reason why these meme cryptocurrency is thriving.

That's right, whether you invest in bitcoin or memes, what we care about is profit, so investing in memes is not necessarily bad or too bad, it's each person's choice. For safety, bitcoin is the first choice, and for the adventurous, shitcoins and memes are their choice, as long as people know what they are doing and accept the risk with their decision. Bitcoin is a long term investment, altcoins, memes will be speculation, surfing.

Kunnu

member

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As we know Doge coin and SHIB both are perfectly established in crypto currency market with massive volume which indicates potentials in them but I don't expect much with Babydoge coin because in comparison of Doge coin and SHIB Babydoge coin is far behind nevertheless we must always remember that these all are meme altcoins which has no utility cases, these meme altcoins are surviving because of its community support so investing huge amount in these altcoins doesn't make any sense.

cryptomaniac_xxx

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Army lol? so mostly those invested on them are young people? because as far as I know "army" are terms that I heard from those who followed "K-Pop" craze.

Anyhow, as meme coins they already laid down the foundation for others. Initially it was just Doge, for years the poster for such meme coins. But it become so big, thanks to Elon, other similar team coins pop up like Shiba and not BabyDoge. So I guess they will still be in crypto space as long as their '"army" will support them, simply as that.

Topic: SHIB, DOGE and BabyDoge: How Do Community Favorites Perform? (Read 275 times)