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Topic: So we've gone from 1 meme coin to one hundred now ? (Read 641 times)

hero member
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When there is a successful Shiba and Doge it will inspire people to follow it, the easiest thing to succeed is of course by imitating a project that has been successful, to create new things of course it takes a long process and time, and now it's natural that there are hundreds of coin meme projects so that makes us always have to be vigilant if you want to invest.
Im sure about that so many developers are always imitating from one to the each other as long as there would be a successful project. It's a common thing in crypto when developers are wanna be successful even some of them are also scamming investors.
People must aware that if there are only few trusted meme tokens from bunch of meme tokens that exist in the market.
I think that this is become a common knowledge in the cryptocurrency since so many people are also seeing meme tokens as investment.
legendary
Activity: 3108
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www.Crypto.Games: Multiple coins, multiple games
Plenteous is the beauty of any game, especially when it comes to business. That's why they say, "the more the merrier". A situation like that helps healthy competition. You can't have a monopolistic market and expect a fair competition that will benefit consumers. The preponderance you see now with memetokens is the same with other tokens in different categories. One developer goes in to test the waters and then several others join in. It has been the pattern. In January 2017 when I came into this industry there were around 750 cryptos in the market. How many do we have seven years later? Coingecko reveals nearly 13,000 of them as of today.

Again, talking about risk with memetokens, you should know that everything in cryptos is all about risk. It doesn't matter the category the token you're looking at falls into. Bitcoin isn't without risks to start with and that's why investors are advised to only invest money they won't regret losing.

Crypto/Blockchain tech is open source and decentralized, so there's nothing stopping developers from creating a new "meme" coin and launching it for public use. The more coins there are, the stronger Blockchain will become. The diversity of crypto projects helps developers learn from their mistakes and improve Blockchain tech for the better. Competition is healthy, as it's always said in the real world. If there was only one coin in existence, how would innovation be spurred across the crypto/Blockchain space?

What matters is not quantity, but rather quality. There are so many coins out there, but not all of them are worth it. I'd say Dogecoin is the "quality" coin because of its tried-and-tested blockchain network unlike any of its competitors. The rest are simply junk. People are free to decide which coin to invest into, so the market will tell us which "meme" coins will go away and which ones will persist. Who knows what the future holds for the entire crypto/Blockchain space? Just my opinion Smiley
full member
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When there is a successful Shiba and Doge it will inspire people to follow it, the easiest thing to succeed is of course by imitating a project that has been successful, to create new things of course it takes a long process and time, and now it's natural that there are hundreds of coin meme projects so that makes us always have to be vigilant if you want to invest.
hero member
Activity: 2128
Merit: 655
Leading Crypto Sports Betting & Casino Platform
Yes, there is logic in your word that those coins already got its expected results. But if you want to buy meme coin, which meme coin should you buy? There are many meme coins in the market, choosing the best coin is not an easy task. Moreover, such coins are usually scam projects most of the time. In this regard i refers to Doge and Shib both are reliable meme coin in the current market.
legendary
Activity: 2660
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Once a man, twice a child!
Plenteous is the beauty of any game, especially when it comes to business. That's why they say, "the more the merrier". A situation like that helps healthy competition. You can't have a monopolistic market and expect a fair competition that will benefit consumers. The preponderance you see now with memetokens is the same with other tokens in different categories. One developer goes in to test the waters and then several others join in. It has been the pattern. In January 2017 when I came into this industry there were around 750 cryptos in the market. How many do we have seven years later? Coingecko reveals nearly 13,000 of them as of today.

Again, talking about risk with memetokens, you should know that everything in cryptos is all about risk. It doesn't matter the category the token you're looking at falls into. Bitcoin isn't without risks to start with and that's why investors are advised to only invest money they won't regret losing.
sr. member
Activity: 1876
Merit: 318
I think Meme coins will keep coming as many people make huge money from the Shiba and Doge. Investing in Meme coins is highly risky but the reward ratio is also high from the meme coins so many investors attract to meme coins in the previous bull run but personally, I am not in favor of investing in Meme coins I trust in other top coins where the risk is less as compared to meme coins because sometimes rug pulls also happens in the meme coins.
This is the most likely scenario, the average investor that comes to this market doesn't really care about the technology behind cryptocurrencies anymore, they care about one thing and one thing only and that is to make profits.

And if investing in meme coins is believed to give them the greatest chances of accumulating a lot of wealth in a very short amount of time then they're going to keep investing in those coins regardless of our warnings, and even if the majority of the people investing in those coins lose money as long as there are a few lucky ones that make it big that will be enough to feed the dreams of those people, even if we know that there is nothing behind meme coins and the majority of them will collapse in less than a year.

Therefore people who from the beginning entered the crypto world just because they were obsessed with big profits, I'm sure that person will look
for projects that can provide large profits in a short time. After what happened to Dogecoin and Shiba Inu which in 2021 managed to hype and
provide big profits for some people. That's what causes a lot of new meme coins to appear, whereas the developers of the new meme coins only
take advantage of the FOMO that occurs in the meme coins for their own benefit. In the end, more investors suffered losses than investors who
managed to generate profits from meme coins. That's because the meme coins created are only for pump and dump scheme, but what is sad is
that many investors, especially newbies, don't care that many new projects have sprung up, only copycat from previous projects.

The conclusion is don't invest following our greed, it will only make us choose the wrong projects for investment. Don't be in a hurry when investing
in crypto, make sure we do research and analysis first to make sure we invest in potential coins. It is better for us to invest in potential coins with
a small profit, but it is safe because we can generate sustainable profits. Instead of forcing to look for meme coins that promise big profits
but big risks, we can lose all our capital.
hero member
Activity: 2688
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I think Meme coins will keep coming as many people make huge money from the Shiba and Doge. Investing in Meme coins is highly risky but the reward ratio is also high from the meme coins so many investors attract to meme coins in the previous bull run but personally, I am not in favor of investing in Meme coins I trust in other top coins where the risk is less as compared to meme coins because sometimes rug pulls also happens in the meme coins.
This is the most likely scenario, the average investor that comes to this market doesn't really care about the technology behind cryptocurrencies anymore, they care about one thing and one thing only and that is to make profits.

And if investing in meme coins is believed to give them the greatest chances of accumulating a lot of wealth in a very short amount of time then they're going to keep investing in those coins regardless of our warnings, and even if the majority of the people investing in those coins lose money as long as there are a few lucky ones that make it big that will be enough to feed the dreams of those people, even if we know that there is nothing behind meme coins and the majority of them will collapse in less than a year.
hero member
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Many meme coins are existing because people are following the hype but it doesnt mean its a good investment. Many investors already lose for taking risk investing in meme coins but missed to sell when the price already hit the ATH thinking it might increase further. Go to Shib or Doge if you like to include some meme coins in your portfolio.

To my surprise one of them was 20% in profit last time I checked ( after about a month ) the other one $50 in profit after one day. Not bad !  Grin
Its good that you profit but its risky. You'll never know when will the price might plunge. Its not sustainable to hold meme coins for long term because they're only existing due to hype. Thus its advisable to get out if you already profit and invest in other coins that has use case.
hero member
Activity: 2240
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I really don't understand what they are trying to trade here, as OP said he got 50$ profit in just one day, but if unlucky how much will he lose, 100 dollars or 1000 dollars.

Compared to 20% profit, 50% is too small if the risk of loss is up to 100%. If you use that money to invest in bitcoin or top tokens for 3 to 4 years sometimes profit will give you x10, x20 with shallow risk. I'm not entirely against investing in memes, but I don't think it's worth focusing on them, it's more like gambling than investing. If I invest in memes, I will only bet on doge and shiba, at least they have a reputation and are proven by the community.

The more you invest into "meme" coins, then higher the risks of loss will be. These type of cryptocurrencies are only driven by hype (meaning they could lose traction quickly if people move on to the next big thing in crypto). I'd choose solid cryptocurrencies with a proven track record of development and innovation, not something that's speculative by design. Bitcoin and Ethereum is all you need to achieve long-term financial prosperity. The rest of the coins are just a gamble.

Among the pack of "meme" coins, I believe only Dogecoin will survive because of its established presence in the crypto/Blockchain space. It's one of the oldest cryptocurrencies with one of the biggest communities in the industry. Price-wise, DOGE hasn't delivered that much, but in terms of stability/reliability, it's better than any other "clone" trading on the market today. Everything's open-sourced and decentralized these days, so I wouldn't be surprised if new "meme" coins come up every once in a while. Just my opinion Smiley

I won't talk about doge, because doge is the great meme we have but what about Shiba, don't you think it's good? Originally it was just a meme project based on the popularity of doge, but now with the vision of building its own chain, its own shiba ecosystem, the future of shiba is also very interesting if it goes as planned.
Although many people talk about its supply being too large, IMO supply is not the main factor to judge the potential of a token.
legendary
Activity: 3108
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www.Crypto.Games: Multiple coins, multiple games
I really don't understand what they are trying to trade here, as OP said he got 50$ profit in just one day, but if unlucky how much will he lose, 100 dollars or 1000 dollars.

Compared to 20% profit, 50% is too small if the risk of loss is up to 100%. If you use that money to invest in bitcoin or top tokens for 3 to 4 years sometimes profit will give you x10, x20 with shallow risk. I'm not entirely against investing in memes, but I don't think it's worth focusing on them, it's more like gambling than investing. If I invest in memes, I will only bet on doge and shiba, at least they have a reputation and are proven by the community.

The more you invest into "meme" coins, then higher the risks of loss will be. These type of cryptocurrencies are only driven by hype (meaning they could lose traction quickly if people move on to the next big thing in crypto). I'd choose solid cryptocurrencies with a proven track record of development and innovation, not something that's speculative by design. Bitcoin and Ethereum is all you need to achieve long-term financial prosperity. The rest of the coins are just a gamble.

Among the pack of "meme" coins, I believe only Dogecoin will survive because of its established presence in the crypto/Blockchain space. It's one of the oldest cryptocurrencies with one of the biggest communities in the industry. Price-wise, DOGE hasn't delivered that much, but in terms of stability/reliability, it's better than any other "clone" trading on the market today. Everything's open-sourced and decentralized these days, so I wouldn't be surprised if new "meme" coins come up every once in a while. Just my opinion Smiley
hero member
Activity: 2688
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meme coins in general is zero sum game, if you scored good returns from meme coin, there are other that suffers from loss.
that's the reason investing in meme coin isn't a great idea, after all you could become the ones that suffer lost in your 2nd investment so basically it's just a game.
though it may seems that you have made a good decision in investing in meme coin since you've made quite the returns, that could literally vanish into thin air if you suffer loss even from one meme coin investment in the future.
While I would not recommend to anyone to invest in meme coins we need to be fair as well, all investments are a zero sum game, in order for you to make any money with bitcoin then someone else has to lose it and meme coins are not an exception to this rule.

The reason we must stay out of meme coins is that there is nothing behind those coins, the developers of those coins are just hoping that at some point their project gets popular and its price goes up, it is because of this that we now have so many meme coins, as anyone can create them as it is as easy as to copy and paste their source code and then create a new coin, so with this in mind it is better to stay way from those coins and avoid throwing our money away in useless projects.
copper member
Activity: 2954
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www.Crypto.Games: Multiple coins, multiple games
Not just shiba, but there's a dozen different others I think.
I tried a couple of them, just to see how they behave in this bear market.
To my surprise one of them was 20% in profit last time I checked ( after about a month ) the other one $50 in profit after one day. Not bad !  Grin
But to be honest I don't think I would put any money on Doge or Shiba... they're already far too high in the rankings.. way... way higher than they deserve. The best gains are made when your meme coin is ranked #800 or somewhere around there
Hundreds of meme coins already existed before Shiba Inu. It is nothing new. It is only people started to realize/notice meme coins after doge coin started to skyrocket. It became a trend when Shiba Inu made incredible gains and people started to invest in those meme coins just to lose everything and get scammed.

And no, you don't make best gains when the meme coin is ranked at that number you randomly posted. Any meme coins can reach that number by artificially pumping the price.
hero member
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You can compare them to the metaverse, NFT, ICO, IEO - they all keep on growing almost every day, and look, the majority of them are useless.
What I can say is that we have to move one and ignore them if possible as we can never stop people from creating meme coins or whatever it is. Just think about Bitcoin and ETH, and focus on them. I believe this will give peace to your mind.

Well, only potential projects will survive while these worthless projects seem to go dead.
hero member
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shiba inu and doge is better investments than the other meme coins since they are heavily manipulated.
at least with SHIB and DOGE it's listed in many exchanges that I doubt it could ever scams you meanwhile most of meme coin just trying hard to take your money away either through scams and rugpulls.
by far you better off with SHIB and DOGE if you don't intend losing your money.
hero member
Activity: 2674
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Not just shiba, but there's a dozen different others I think.
I tried a couple of them, just to see how they behave in this bear market.
To my surprise one of them was 20% in profit last time I checked ( after about a month ) the other one $50 in profit after one day. Not bad !  Grin
But to be honest I don't think I would put any money on Doge or Shiba... they're already far too high in the rankings.. way... way higher than they deserve. The best gains are made when your meme coin is ranked #800 or somewhere around there
it's okay to choose meme coins for day trading and for quick profit. but at least you have to see the big risk you have to bear yourself when the meme coin will finally run away from you.
i'm not saying meme coins are too bad but everyone knows the dangers of investing in some of those meme coins. maybe you are currently earning $50 in just 1 day, but don't know what will happen once you put more money into the coin. because usually when you get a decent profit from day trading, you will add your money again to buy more coins and hope to get a bigger profit.
one thing you have to remember is to do some serious research before starting trading on some meme coins
Whether you do make yourself get involved with meme or top coins the risk would be always there but somehow the risk level would be different basing up on the community support or overall liquidity then we could really say which one would be worth and which one wont be good for long term aspect but if you do know on how to play with the price in short term aspect then its your choice whether you do want to play or not.
Its not surprising that there would be lots of copy cats that we do have in the market because once a coin type had become popular or gets hyped then expect that there would be lots
of similar that would pop in the market and join in the hype and newbies do love on buying randomly. lol
member
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Shibainu is not even the first meme coin in the crypto space. DOGEcoin was the first to come and thanks to Elon Musk who promoted it to become generally accepted in the Cryptocurrency space. Elon's tweet at the start of SHIB was also instrumental to its acceptance. Every other meme coins are really doing well because meme coins are mostly the ones used to scam unsuspecting investors whose fund are rugpulled.

And now I believe the meme coin the Cryptocurrency world is waiting for as arrived and it chooses to be the first on the Polygon network.
hero member
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Not just shiba, but there's a dozen different others I think.
I tried a couple of them, just to see how they behave in this bear market.
To my surprise one of them was 20% in profit last time I checked ( after about a month ) the other one $50 in profit after one day. Not bad !  Grin
But to be honest I don't think I would put any money on Doge or Shiba... they're already far too high in the rankings.. way... way higher than they deserve. The best gains are made when your meme coin is ranked #800 or somewhere around there
it's okay to choose meme coins for day trading and for quick profit. but at least you have to see the big risk you have to bear yourself when the meme coin will finally run away from you.
i'm not saying meme coins are too bad but everyone knows the dangers of investing in some of those meme coins. maybe you are currently earning $50 in just 1 day, but don't know what will happen once you put more money into the coin. because usually when you get a decent profit from day trading, you will add your money again to buy more coins and hope to get a bigger profit.
one thing you have to remember is to do some serious research before starting trading on some meme coins
sr. member
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I have seen 100 other projects only with the name Shib and doge. Investing in meme tokens is high risk. If we look back a few months ago, there were maximum meme tokens and almost all of them are now dead. The owners of the meme project copy the name from recent hyped project, I don't know why it is so necessary for them.
hero member
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98% of meme coins are scam projects and as time fly by these meme coins will have nothing else to offer their community then they will start dying, the only meme coin that looks ever strong is still Shiba and its not wrong to just buy 20$ Shiba and abandon in your wallet just in case it grows better in future like Doge coin.

Stay away from others.
Yes, the memecoins are just copycats and doesn't have any real-time usage. These are just hyped and are pure gamble. Some get lucky to make good return out of the Investment over these memecoins, whereas the majority loss the investment. In my view buying memecoins is a good choice, but the same needs to be considered as a lost money. Because, there is no assurance of profiting.
legendary
Activity: 3584
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Not just shiba, but there's a dozen different others I think.
I tried a couple of them, just to see how they behave in this bear market.
To my surprise one of them was 20% in profit last time I checked ( after about a month ) the other one $50 in profit after one day. Not bad !  Grin
But to be honest I don't think I would put any money on Doge or Shiba... they're already far too high in the rankings.. way... way higher than they deserve. The best gains are made when your meme coin is ranked #800 or somewhere around there

Just consider yourself lucky.  Any meme coins ranked 800 or below are most likely just scams and you will lose all your money.  Just because 2 that you picked went up (in the short term) doesn't mean this is the smartest strategy.  If you gamble with too many of them you eventually lose your whole stack.
member
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98% of meme coins are scam projects and as time fly by these meme coins will have nothing else to offer their community then they will start dying, the only meme coin that looks ever strong is still Shiba and its not wrong to just buy 20$ Shiba and abandon in your wallet just in case it grows better in future like Doge coin.

Stay away from others.
hero member
Activity: 2744
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Not just shiba, but there's a dozen different others I think.
I tried a couple of them, just to see how they behave in this bear market.
To my surprise one of them was 20% in profit last time I checked ( after about a month ) the other one $50 in profit after one day. Not bad !  Grin
But to be honest I don't think I would put any money on Doge or Shiba... they're already far too high in the rankings.. way... way higher than they deserve. The best gains are made when your meme coin is ranked #800 or somewhere around there
Definitely not bad. Oh, and the meme mayhem seems to continue with the increase numbers. It's a good thing you made something out of it. For me, it's all bad luck and I cannot seem to understand how the market flows when it comes to this cheap meme coins. I had no luck making even a cent. All my trials are a lost cause.
I may try again buying some as this posts made me urge it can be done. It's not that I will keep it, just maybe try and make money and buy it with more Ethereum and Bitcoin.

Really matter with the timing when placing your investment, meme asset is a high risk investment, you need to manage your money

as there's always dump that will happen along the way, making a mistake with your timing will result to losing your money, take time to sort

and then pick what meme from those long list you think that will bring you luck and earn decently..
sr. member
Activity: 798
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What scares me most about memes coins is their total supply which runs in trillions. I can only be a fan of Dogecoin which am already, any other meme coin apart from that is a flop.
Bear this in mind, never put all hopes in altcoins because the price of one you hoped for can diminish in a tiny air when you least expect
hero member
Activity: 2856
Merit: 642
Not just shiba, but there's a dozen different others I think.
I tried a couple of them, just to see how they behave in this bear market.
To my surprise one of them was 20% in profit last time I checked ( after about a month ) the other one $50 in profit after one day. Not bad !  Grin
But to be honest I don't think I would put any money on Doge or Shiba... they're already far too high in the rankings.. way... way higher than they deserve. The best gains are made when your meme coin is ranked #800 or somewhere around there
Definitely not bad. Oh, and the meme mayhem seems to continue with the increase numbers. It's a good thing you made something out of it. For me, it's all bad luck and I cannot seem to understand how the market flows when it comes to this cheap meme coins. I had no luck making even a cent. All my trials are a lost cause.
I may try again buying some as this posts made me urge it can be done. It's not that I will keep it, just maybe try and make money and buy it with more Ethereum and Bitcoin.
legendary
Activity: 3080
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They all have close to zero utility & chance of ever becoming a real life means of exchange. It’s just a shitcoin lottery & one I am not willing to play. Stick with the legitimate coins if you want a close to guaranteed chance of making it.
legendary
Activity: 2338
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I'd rather avoid investing in meme coins, because I don't think this project has a clear purpose other than just entertainment. It seems that the meme coin only serves as an arena for profit with no reciprocity for buyers.
All of meme tokens are scam. Doge coin was the old coin created by legit developers for the community unlike another meme token in the market that . Meme tokens are only being used by scammers to farm more money from the market. There's no good reason to use meme token as an investment. This is a blatantly scam token created for the scam purpose. People are so dumb to buy meme token.
The sad thing is, people not only fail to realize they are scams, but they think that they are doing something fine. It's your money that they are using in order to make it work, if you didn't bought floki or shiba or whatever, the team wouldn't have any money and they wouldn't be able to look so professional. They defend it like it is legit, but that legit look was made thanks to investors money.

So, if everyone spent that money on bitcoin instead of shiba, then we would have a much more solid background to it, since shiba doesn't mean anything and most of the money was gone to the team and inefficient in that case, makes no sense at all.
hero member
Activity: 2240
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Not just shiba, but there's a dozen different others I think.
I tried a couple of them, just to see how they behave in this bear market.
To my surprise one of them was 20% in profit last time I checked ( after about a month ) the other one $50 in profit after one day. Not bad !  Grin
But to be honest I don't think I would put any money on Doge or Shiba... they're already far too high in the rankings.. way... way higher than they deserve. The best gains are made when your meme coin is ranked #800 or somewhere around there
Well, I guess this is the reason people still insist on investing in all these shitcoins because somehow they still make some profits from them and in a few cases made serious profits too but let's not forget that more meme cons investors are not that fortunate in this investments, however, we are all on a different level of risk tolerance. 

I really don't understand what they are trying to trade here, as OP said he got 50$ profit in just one day, but if unlucky how much will he lose, 100 dollars or 1000 dollars.

Compared to 20% profit, 50% is too small if the risk of loss is up to 100%. If you use that money to invest in bitcoin or top tokens for 3 to 4 years sometimes profit will give you x10, x20 with shallow risk. I'm not entirely against investing in memes, but I don't think it's worth focusing on them, it's more like gambling than investing. If I invest in memes, I will only bet on doge and shiba, at least they have a reputation and are proven by the community.
hero member
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You own the pen
Well! you call this one trend and whenever something like this became popular, no matter how bad it is or nonsense, as long as they're making money out of it, they will mimic or make something like it to earn some money as well. The cycle is like this no matter what industry you go into because people want easy money where they don't really need to think of some innovative strategy, they just easily create something like the current trend, and everything is set. Just like how the fake brands are doing.
legendary
Activity: 3108
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www.Crypto.Games: Multiple coins, multiple games
Not just shiba, but there's a dozen different others I think.
I tried a couple of them, just to see how they behave in this bear market.
To my surprise one of them was 20% in profit last time I checked ( after about a month ) the other one $50 in profit after one day. Not bad !  Grin
But to be honest I don't think I would put any money on Doge or Shiba... they're already far too high in the rankings.. way... way higher than they deserve. The best gains are made when your meme coin is ranked #800 or somewhere around there

Don't be surprised since Dogecoin's success has led developers to create coins of their own as a means for profit. Everything is open source and decentralized in crypto/Blockchain land, so there's nothing stopping devs from launching new coins on a daily basis. What really matters is utility, not the hype. There are so many "meme" coins, but the majority of them (if not all) are useless. They bring no real use cases to the world, unlike Bitcoin or Ethereum. Such coins are usually driven by hype, so anything or anyone that would make it popular would certainly have a positive effect over its price.

I'd only use "meme" coins for quick trades or as a short-term solution for sending small amounts of money to people across borders. But not as a serious long-term investment. As long as you don't spend all of your life savings into "meme" coins, there should be nothing to worry about. Just my thoughts Grin
hero member
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I'd rather avoid investing in meme coins, because I don't think this project has a clear purpose other than just entertainment. It seems that the meme coin only serves as an arena for profit with no reciprocity for buyers.
All of meme tokens are scam. Doge coin was the old coin created by legit developers for the community unlike another meme token in the market that . Meme tokens are only being used by scammers to farm more money from the market. There's no good reason to use meme token as an investment. This is a blatantly scam token created for the scam purpose. People are so dumb to buy meme token.
legendary
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To the Moon
The only desire of the team issuing the next meme coin is to make a profit. But it becomes more difficult to do this with each launch, since most investors have already decided to stay away from new similar coins. But in any case, there will definitely be those who will buy a million coins for $5 and will dream that the price of one coin will rise to $1.
member
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I'd rather avoid investing in meme coins, because I don't think this project has a clear purpose other than just entertainment. It seems that the meme coin only serves as an arena for profit with no reciprocity for buyers.
sr. member
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Undeads.com - P2E Runner Game
meme coins aren't the right coins to invest with, you can't really think about earning them in the future, not in the long-term but for just in a while when it pump. Because after that, once the hype is over, I'm not sure if they still have the chance to recover or are gone forever. In fact, Dogecoin and Shiba Inu have just known meme coins but as you can see they are far from getting potential, they'll somehow lose their value from time to time. And I was afraid Shiba Inu will be ended up moving to the bottom.
Yes, it's true that meme coin is not a good coin for us to make as a long-term investment because so far almost everything is not worth it anymore after the hype subsides except Doge and SHIB because these two coins already have a very large community so that every time there is a dump with Doge and SHIB, their community will spread FOMO so the price of the coin will go up again.
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Activity: 229
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We shouldn't care about many other, the only meme coin that makes a lot of sense is still shiba inu and as we speak Shiba is slowly leaving its meme coin idea behind, its well accepted more than many other meme coins out there and very close to doge coin performance, the token will one day costs much as doge coin is today.
legendary
Activity: 2016
Merit: 1042
HODL
With Shiba's popularity at the beginning of its launch and finally getting its current price, many meme coins have been launched. We don't know what the developer's motive was following Shiba's popularity and we can only guess. Maybe they thought their project on the meme coin could also get the same popularity as Shiba's. But it's different because their project has to be able to compete with other meme coins and nowadays, there are a lot of meme coins that want to get a good position in the market list. Also, we don't know which meme coin will increase so this is already a kind of speculation leading to gambling. If you're not careful and stick with meme coins to invest in, you might be disappointed that there aren't many meme coins that can increase high.

To succeed like doge and shiba is not easy, can be considered lucky with these 2 coins. Meme projects not only have no utility but are full of fakes, they copy each other.

They have a purpose, but the aim is to bump and dump and then disappear with your money. Investing in memes is not really called an investment but a gamble because the risk is too high.
Hope OP is profitable so stay away from memecoins, don't be too confident that new memecoins are investments that can bring value.
member
Activity: 790
Merit: 44
But to be honest I don't think I would put any money on Doge or Shiba... they're already far too high in the rankings.. way... way higher than they deserve. The best gains are made when your meme coin is ranked #800 or somewhere around there
I've seen the development of the crypto market, lately especially about meme coins and other types of coins, I think Bitcoin at that time had touched the price of $60k why only a few coins were moving, memes were sinking instead.

So, i think this coin is a factor influencing price by investors inside, because so many memes are now circulating in the market, so i don't believe investors can do a bigger pump on memes, same with doge and shiba, if investors don't aim to two memesit eventually sank.
jr. member
Activity: 1162
Merit: 7
I think you are taking a high risk to be investing in new meme coins, especially if you have not conducted an in-depth research. Though Shiba and Doge, for example, may not be up now, but they should be more trusted as they still have the potential to gain in value. You take note that we are in the bear market. It is possible you may have been lured by the increase in price of the meme coin which could be due to hype in the coin/token. Beware of new meme coins, unless you have thoroughly researched the viability, otherwise, the coin/token could be dumped, to your surprise on a time you least expect. IMO, it is not advisable to invest in meme coin for long term. It you have taken profit, consider reinvesting in another reputable coin/token, to avoid loosing your funds.
full member
Activity: 1568
Merit: 100
COMBONetwork
I think the meme coin trend in 2022 is over, in fact there are currently very many Play To Earn projects,
yes I think it's the same as Memecoin, without developers and without a team that clearly makes these new projects really risky,
don't easy to believe in a project like this.
hero member
Activity: 2702
Merit: 517
meme coins aren't the right coins to invest with, you can't really think about earning them in the future, not in the long-term but for just in a while when it pump. Because after that, once the hype is over, I'm not sure if they still have the chance to recover or are gone forever. In fact, Dogecoin and Shiba Inu have just known meme coins but as you can see they are far from getting potential, they'll somehow lose their value from time to time. And I was afraid Shiba Inu will be ended up moving to the bottom.
full member
Activity: 783
Merit: 108
A bunch of shitcoins being pumped through the teams and FOMO from the latecomers. If not knowledgeable enough to keep up with them, the latecomers just see it as gambling and playing risky things. It's not a good way to invest, and I believe anyone who has made big profits or lost money with them will not think they are a good way to make money. Do not overestimate their potential; other high-quality products are still being developed and have yet to find a market niche; and do not place your faith in ethereal concepts such as memes.
hero member
Activity: 1344
Merit: 565
Not just shiba, but there's a dozen different others I think.
I tried a couple of them, just to see how they behave in this bear market.
To my surprise one of them was 20% in profit last time I checked ( after about a month ) the other one $50 in profit after one day. Not bad !  Grin
But to be honest I don't think I would put any money on Doge or Shiba... they're already far too high in the rankings.. way... way higher than they deserve. The best gains are made when your meme coin is ranked #800 or somewhere around there
Well, I guess this is the reason people still insist on investing in all these shitcoins because somehow they still make some profits from them and in a few cases made serious profits too but let's not forget that more meme cons investors are not that fortunate in this investments, however, we are all on a different level of risk tolerance. 
full member
Activity: 1484
Merit: 101
Not just shiba, but there's a dozen different others I think.
I tried a couple of them, just to see how they behave in this bear market.
To my surprise one of them was 20% in profit last time I checked ( after about a month ) the other one $50 in profit after one day. Not bad !  Grin
But to be honest I don't think I would put any money on Doge or Shiba... they're already far too high in the rankings.. way... way higher than they deserve. The best gains are made when your meme coin is ranked #800 or somewhere around there

Many people always think that meme coins are useless coins because they are just a series of numbers on the network, but I think as long as it is profitable then I will enter, in investing of course we must always be brave to take risks, and what Doge and Shiba have achieved so far this is hard work from the team and of course the support of the community.
sr. member
Activity: 2156
Merit: 251
Binance #Smart World Global Token
Not just shiba, but there's a dozen different others I think.
I tried a couple of them, just to see how they behave in this bear market.
To my surprise one of them was 20% in profit last time I checked ( after about a month ) the other one $50 in profit after one day. Not bad !  Grin
But to be honest I don't think I would put any money on Doge or Shiba... they're already far too high in the rankings.. way... way higher than they deserve. The best gains are made when your meme coin is ranked #800 or somewhere around there

Well, it's a common thing like there's one metaverse project then a lot of new projects adopt metaverse features as their main selling. Since Elon did some tweets about meme coins a lot of people take the opportunity to make one and I see that a lot of meme coins only have a simple feature in them like a burning feature.
full member
Activity: 952
Merit: 108
1xBit recovered their reputation
I think we should blame Elon Musk for this storm of Meme Coin, he pump doge and shiba and suddenly everybody creating meme coin. And as you can expect many people willing to risk their money in something that does not have utility at all. Luckily this doesn't evolve to larger FOMO like how ICO, DEFI and NFT, only few of those meme coin that actually have significant market cap now.

Why would you want to blame Elon, what he did wrong. If to blame, blame it on our greedy nature, we don't research before investing, we want to get rich without doing anything. It is purely our greed.
Not only Elon, but when investing, we should not listen to or trust anyone. Memecoins existed before ELon invested in them and used them as a manipulator for profit.
hero member
Activity: 2296
Merit: 506
Cryptocasino.com
Not to brag but my meme coin has made me nearly $500 already. I'm beginning to get worried.  Undecided
that's good to see that and so your profit can also decrease anytime. You shall try to convert a half from your profit to the stable token but what about when it will be going down? meme token can go up easily but it can also go down like a rollercoaster in day. learned from so many meme token in the market if it can go up drastically but dumped like a rocket that was going back to the earth again.
member
Activity: 744
Merit: 10
Syntrum.com
Not just shiba, but there's a dozen different others I think.
I tried a couple of them, just to see how they behave in this bear market.
To my surprise one of them was 20% in profit last time I checked ( after about a month ) the other one $50 in profit after one day. Not bad !  Grin
New memecoins at the pump and just dumped, i see a lot of memecoin ending in rugpull but new investors use this hype for profit, i don't see new memecoin project has utility that can be used for the long term, every time the project keeps coming and offers tokenomic that looks profitable, be careful when chose memecoin because many of those projects ended in fraud and harmed investors.
member
Activity: 245
Merit: 13
Have you tried to sell your coins in order to talk about profit? You may be surprised, but it happens that the smart contracts stipulates that you will not be able to sell them, or transfer them, since they are blocked for a certain period or forever. In such cases, the price of the coin is constantly increasing, since no one can sell.

Yes, I mistakenly sold a small amount the first day I got into it. Converted about $200 into USDT so it can be sold at any time.
hero member
Activity: 1274
Merit: 588
meme coin investment is high risky you can lost your 100% amount by investing in meme coin . I think it will better for you if you avoid investment in meme coin . You can choice another good coin for your investment like bitcoin, Ethereum and anything else
legendary
Activity: 2268
Merit: 1655
To the Moon
Not to brag but my meme coin has made me nearly $500 already. I'm beginning to get worried.  Undecided

Have you tried to sell your coins in order to talk about profit? You may be surprised, but it happens that the smart contracts stipulates that you will not be able to sell them, or transfer them, since they are blocked for a certain period or forever. In such cases, the price of the coin is constantly increasing, since no one can sell.
sr. member
Activity: 1232
Merit: 263
SmartFi - EARN, LEND & TRADE
Just because a project has some real utility it doesn't mean it can't fail... and by the same token, a project with little utility can take off like a rocket under the right market conditions. It's crypto guys, anything can happen ! ( As I write this, my meme coin has made me a nice $130 profit in only 2 days ! )

Yes, you are right. The top projects also do not guarantee a profit for us, just like Luna and meme without utilities can also bring huge profits to us. Since it's the crypto market, anything can happen. but investing in memes is not recommended because the risk is more than the reward so people don't like to invest.
sr. member
Activity: 1862
Merit: 259
Know that playing meme coins in the bear market is tantamount to throwing money away, to be honest you are very lucky to get a quick profit from these meme coins. meme coins will only be good to hold during a bullrun market, but if you are ready to accept the risks it is true there are meme coins that will be pumped but the probability for me is 1:1000
member
Activity: 245
Merit: 13
Not to brag but my meme coin has made me nearly $500 already. I'm beginning to get worried.  Undecided
hero member
Activity: 1820
Merit: 537
I don't think meme coins are still worth the investor's trust because I don't see their real function. They're mostly only carried by the hype and mostly unreliable. It's better to risk in well-established coins than the hope of gaining a higher profit in meme coins. I think they're just worth buying if the coin is making a noise and just take advantage of it.
full member
Activity: 585
Merit: 100
Binance #SWGT and CERTIK Audited
I just believe with Dogecoin and Shiba INU meme coins will be good for long term storage. Although there are currently many similar meme coins, they only follow the trend, usually the hype doesn't last long because it's just a pump and dump. While the original meme coin really has a strong community without being controlled by the meme project team itself.
full member
Activity: 649
Merit: 100
Binance #SWGT and CERTIK Audited
it's like buying rugpull coins I guess. I'm not saying all those meme coins will rugpull, but usually criminals will always take advantage of the trend to take advantage ruthlessly. Very lucky people who know how they can exit faster when they have made a profit.
member
Activity: 245
Merit: 13
Just because a project has some real utility it doesn't mean it can't fail... and by the same token, a project with little utility can take off like a rocket under the right market conditions. It's crypto guys, anything can happen ! ( As I write this, my meme coin has made me a nice $130 profit in only 2 days ! )
sr. member
Activity: 1358
Merit: 268
Graphic & Motion Designer
I think we should blame Elon Musk for this storm of Meme Coin, he pump doge and shiba and suddenly everybody creating meme coin. And as you can expect many people willing to risk their money in something that does not have utility at all. Luckily this doesn't evolve to larger FOMO like how ICO, DEFI and NFT, only few of those meme coin that actually have significant market cap now.
hero member
Activity: 2450
Merit: 642
Eloncoin.org - Mars, here we come!
Not just shiba, but there's a dozen different others I think.
I tried a couple of them, just to see how they behave in this bear market.
To my surprise one of them was 20% in profit last time I checked ( after about a month ) the other one $50 in profit after one day. Not bad !  Grin
But to be honest I don't think I would put any money on Doge or Shiba... they're already far too high in the rankings.. way... way higher than they deserve. The best gains are made when your meme coin is ranked #800 or somewhere around there
Yes many Memecoins launched in Six months. Some was just to rugpul while other still remains in market and people still they will make million by investing bin these coins like Safemoon,Baby dogecoin etc.
I think first if all no one should put money in these coins but if anybody wants to take risk then I think Doge and Shib is best because listed in Top exchanges and there is chance of big money flow from Whales.
legendary
Activity: 2408
Merit: 1034
Chancellor on brink of second bailout for banks
To my surprise one of them was 20% in profit last time I checked ( after about a month ) the other one $50 in profit after one day. Not bad !  Grin
20% in one day is high already but it is a memecoin and most of the memecoins have low market cap meaning it is more prone to pump and dump.

But to be honest I don't think I would put any money on Doge or Shiba... they're already far too high in the rankings.. way... way higher than they deserve. The best gains are made when your meme coin is ranked #800 or somewhere around there
I disagree, the best gains are made when you are holding Bitcoin for a long time Tongue. I'm a conservative person that's why I'd rather choose to invest into Bitcoin than investing in a memecoin.

On the other hand we are the same that will not put any money into DOGE, Shiba or into any memecoins. I tried investing into one memecoin but only a small amount and I ended up losing all of my money into it. Just focus in Bitcoin and Ethereum and you will be safe Smiley
member
Activity: 245
Merit: 13
I don't really see the point in putting your money in Doge or Shiba. They are ranked 11 and 13 respectively, so what are you expecting ? Do you think they will move up to 5th or 7th spot ?
If I want something safe, I'll put my money into Ethereum or Bitcoin, or even Tether or USDC.
A meme coin is never gonna be a "safe" investment... but with risk comes potential gains so this is the way I see it.
By the way I have also invested in other more reputable but low market cap coins like Star Atlas, which to be honest, have not made me any real gains or even made me some losses... so anything can be a loss in a bear market.
hero member
Activity: 2856
Merit: 541
Leading Crypto Sports Betting & Casino Platform
With Shiba's popularity at the beginning of its launch and finally getting its current price, many meme coins have been launched. We don't know what the developer's motive was following Shiba's popularity and we can only guess. Maybe they thought their project on the meme coin could also get the same popularity as Shiba's. But it's different because their project has to be able to compete with other meme coins and nowadays, there are a lot of meme coins that want to get a good position in the market list. Also, we don't know which meme coin will increase so this is already a kind of speculation leading to gambling. If you're not careful and stick with meme coins to invest in, you might be disappointed that there aren't many meme coins that can increase high.
legendary
Activity: 2282
Merit: 1344
Buy/Sell crypto at BestChange
If you noticed before when Shiba Inu started, after that there are a lot of meme coins popped and for most of the chain or network, there is/are different meme coins just like on Solana which is SAMOYED coin, and more. A lot of people make a good profit just by buying random meme coins before and also a lot of people lost money because they are already late to the party.
hero member
Activity: 2436
Merit: 503
Cryptocasino.com
You're lucky enough. So many people have been suffering huge loses caused by they can't even trade their token after they bought it from the dex. You can repeat this trick but it will not always working. Sometime you must accept if you are facing a scam token. more than 90% of meme token was scam token. Only a few that can still be trusted but mostly of these kind of tokens created by bunch of scammers. I just wanna tell you if you must be aware about that. Scammers are everywhere right now. You luck may not come again.
member
Activity: 245
Merit: 13
Well I'm hardly a newbie since I've been in the space for just over two years, so most of my money is well allocated. The meme coin I was referring to has less than 1% of my total capital, in fact, close to 0.5 %.
I did not put any Tether or USDC money on it, I simply traded it for an underperforming token that was supposed to be good. I know we're in a bear market, but this token kept going down lower an lower, even during the recent BTC mini rally, where everything was in green. So after comparing various other coins, I picked one that had pretty good token performance ( going several weeks back ) and did well during the bull run last year. It happened to be a meme coin but apparently highly volatile so I thought I'd give it a try. It's ranked close to #600 so it should do a 5X at least, maybe by next year. If I see enough hype around it I may try for a 10X and cash out.
hero member
Activity: 1736
Merit: 520
Leading Crypto Sports Betting & Casino Platform
Well my unremarkable meme coin just made me $100 on the first 2 days.  Grin Not saying it's a solid investment but... it's made me more money than some of the "better" coins out there.

Essentially, memes are pumping and dumping games, memes are created for the purpose of defrauding money from market newbies, it does not bring any value to the market.
The fact that you have made a profit investing in it shows that you have been lucky, but that luck will not last forever, so be careful, and don't be greedy, as you will get bitter results if you do.
Although there is a lot of advice here about memes, you seem to be very arrogant for profiting from memes. I hope you won't come back here screaming at us when you lose your money.
hero member
Activity: 2674
Merit: 625
Not just shiba, but there's a dozen different others I think.
I tried a couple of them, just to see how they behave in this bear market.
To my surprise one of them was 20% in profit last time I checked ( after about a month ) the other one $50 in profit after one day. Not bad !  Grin
But to be honest I don't think I would put any money on Doge or Shiba... they're already far too high in the rankings.. way... way higher than they deserve. The best gains are made when your meme coin is ranked #800 or somewhere around there
So you are talking about low caps? Gaining from it? Then its good for you since not all would really be having that risk taking step on dealing with low caps specially those projects which are been made just because of
the hype.We've seen lots of it not only on meme coins but also in other projects as well which whenever there's some hype then expect that developers or owners would be definitely creating one and trying out
to jump in with the hype and then make money out of those people who had attached themselves with the trend but still ending up on its value into the floor because people arent really that
dumb but surprisingly there are projects who do able to make it out.
member
Activity: 245
Merit: 13
Well my unremarkable meme coin just made me $100 on the first 2 days.  Grin Not saying it's a solid investment but... it's made me more money than some of the "better" coins out there.
hero member
Activity: 1540
Merit: 507
meme coins in general is zero sum game, if you scored good returns from meme coin, there are other that suffers from loss.
that's the reason investing in meme coin isn't a great idea, after all you could become the ones that suffer lost in your 2nd investment so basically it's just a game.
though it may seems that you have made a good decision in investing in meme coin since you've made quite the returns, that could literally vanish into thin air if you suffer loss even from one meme coin investment in the future.
hero member
Activity: 2688
Merit: 704
Not just shiba, but there's a dozen different others I think.
I tried a couple of them, just to see how they behave in this bear market.
To my surprise one of them was 20% in profit last time I checked ( after about a month ) the other one $50 in profit after one day. Not bad !  Grin
But to be honest I don't think I would put any money on Doge or Shiba... they're already far too high in the rankings.. way... way higher than they deserve. The best gains are made when your meme coin is ranked #800 or somewhere around there
It is not too surprising, bitcoin was created by Satoshi and since then tens of thousands of shitcoins have been created, including meme coins, so it is not surprising that a meme coin like dogecoin has influenced the market and now we have a lot of meme coins as well.

Personally I would not advise anyone to invest in those coins regardless of the size of the capital used as the chances a meme coin pumps out of nowhere are very low, so you may as well use your time and money in something that is way more productive and which can actually lead you to obtain some consistent profits.
hero member
Activity: 2212
Merit: 504
investing in low ranked meme coin, most of the time you're just gonna losing your investment, it's just 1 out of 20 meme coins that could somehow give you good return and the rest meme coin just gonna make you lose your entire investment in the long run.
these meme coins exist definitely isn't to make you rich, or anyone else rich but themselves, if you think you could make easy ROI from these meme coins that's largely manipulated then you're wrong.
sr. member
Activity: 1638
Merit: 255
Not just shiba, but there's a dozen different others I think.

A months ago during the peak of the meme-coin hype there were at least 100 meme-coins created each and every day, which was absolutely crazy. Most of those tokens were created on the BSC network of course because the network fees there are just way lower compared to the ones on Ethereum and most people that created meme-coins only had one reason why they did that. They wanted to make quick and dirty money without any effort. Of course now more than 99% of those meme-coins are already dead again which is a good thing for the whole crypto market in my opinion because now investors can focus again on real projects.

It's true that most meme coins are created just to make a quick profit for the creator. Especially when Dogecoin and Shiba Inu experienced
a very significant increase, made a lot of new meme coins popping up and finally as you said most of the meme coins die. Because in the end,
many people realize that investing in meme coins only makes their lose money. That's why we really have to prioritize investing in projects that
have clear functions and projects that have strong fundamentals. Especially in a bear market situation like now, don't be easily influenced
by influencers who promise big profits from new projects. We should just focus on investing in top coins, which already have a good reputation.
hero member
Activity: 1932
Merit: 622
ROLLBIT > Crypto's Most Rewarding Casino
Many people may have very high profits from meme coins, but on the other hand, how many people lost in meme coins? So many.
High profit, high risks. This may be true enough.
Btw, we can see how peope views on meme coins. They are likely to be more to hype coins with their specialty of pump and then dump easily.
Meme coins rising after Doge rise was unstoppable. We can see so many created meme coins with their almost similar names. That is why for me, meme coin is not worthy enough for long term imvetsment
full member
Activity: 1708
Merit: 126
Not just shiba, but there's a dozen different others I think.
I tried a couple of them, just to see how they behave in this bear market.
To my surprise one of them was 20% in profit last time I checked ( after about a month ) the other one $50 in profit after one day. Not bad !  Grin
But to be honest I don't think I would put any money on Doge or Shiba... they're already far too high in the rankings.. way... way higher than they deserve. The best gains are made when your meme coin is ranked #800 or somewhere around there

I think there are new meme coins who want to follow the footsteps of Doge and Shiba hoping that they could get the same fame and attraction. They think that they could benefit more since the hype of meme coins isn't over yet. They're trying to ride on with the hype which I think won't work anymore.
legendary
Activity: 2254
Merit: 1168
Sometimes I ask myself if those who create meme coins really earn and time spent on it worth it. I still find it hard to understand what their goal is, to earn from many meme coins but little, or hope that one day their meme coin gets noticed and pumped really hard. I am not even sure, that tokens meme coin creators make are really being purchased by someone. To me, people are just burning BNB gas on creating and listing them.
sr. member
Activity: 1722
Merit: 269
Not just shiba, but there's a dozen different others I think.

A months ago during the peak of the meme-coin hype there were at least 100 meme-coins created each and every day, which was absolutely crazy. Most of those tokens were created on the BSC network of course because the network fees there are just way lower compared to the ones on Ethereum and most people that created meme-coins only had one reason why they did that. They wanted to make quick and dirty money without any effort. Of course now more than 99% of those meme-coins are already dead again which is a good thing for the whole crypto market in my opinion because now investors can focus again on real projects.
legendary
Activity: 2268
Merit: 1655
To the Moon
...To my surprise one of them was 20% in profit last time I checked ( after about a month ) the other one $50 in profit after one day. Not bad !  Grin...

I wouldn't be surprised if the price of these coins became zero the next day. Since such coins are created for the sole purpose of pump & dump and you should be prepared for the fact that you will lose your investment in meme coin. But I can't rule out that you will be lucky and you will make a profit if you manage to sell these coins in time.
jr. member
Activity: 840
Merit: 4
Its human behavior. Lol. They pile in where the profit is stacked. The market is largely unregulated, so lots of people ould want to utilize the popular love of meme coins and other shit coins. But to be honest, some of them are growing up and have some utility of their own, like Shiba is
sr. member
Activity: 1582
Merit: 250
Vave.com - Crypto Casino
ambition in coin meme is not the right solution for me. there are a lot of shitcoins that are dim from a community standpoint because the bears are turning their assets upside down. coin meme lovers almost look tired to do fud or promo from every media. The bear takes this as an ambitious lesson 100x people talk a few silences. do your research before you step there is a side of risk behind everything
sr. member
Activity: 1582
Merit: 264
~
Are you really sure about that, OP?
To newbies, I would not advise to do what OP said unless you do your proper research.
They're way risky of an investment if you would ask me and I would never ever bother dropping a single penny to it. I had that though back in the days to invest like in Doge, but good thing I did not.
I love memes, but I do not want to involve my money with those.
hero member
Activity: 2002
Merit: 775
Leading Crypto Sports Betting & Casino Platform
There are many memecoins attempting to surf doge and shiba inu hypes. They lure investors into believing it's a new opportunity for late investors to reach the same results early investors achieved through doge and shiba, although it's unlikely it's going to happen, especially because crypto is an unpredictable environment, therefore a predictable tendency like that shouldn't be expected.

Look for new tendencies and not the repetition of the previous ones.
full member
Activity: 2058
Merit: 100
Chainjoes.com
You talked about only 2 meme coins that pumped but you must be aware majority of the meme coins drop also so the success rate is very less and investing in the meme is highly risky. Yes, Shiba and Doge already perform beyond the expectation in the previous bull run but can't say how they will both perform in the next bull run. I also lost in the meme coins I would say investing in meme coins is all about luck.
sr. member
Activity: 1988
Merit: 283
Not just shiba, but there's a dozen different others I think.
I tried a couple of them, just to see how they behave in this bear market.
To my surprise one of them was 20% in profit last time I checked ( after about a month ) the other one $50 in profit after one day. Not bad !  Grin
But to be honest I don't think I would put any money on Doge or Shiba... they're already far too high in the rankings.. way... way higher than they deserve. The best gains are made when your meme coin is ranked #800 or somewhere around there
so you're talking about new projects or should i say emerging meme projects?  Grin well actually it's not surprising why you can make money from that way unlike investing on shiba and doge even they are high ranked, because obviously as well that when it comes new projects its very common that they really making hypes in the market and so volatile compared to an old projects.
So good for you that you didn't miss the opportunity from it, but be careful and don't be greedy to prevent doing mistake decisions because you know I've been there on what you're doing and i end up nothing afterwards in just one mistake. . Lol
full member
Activity: 398
Merit: 100
Apparently, just Doge, Shiba, and Co. You're lucky to have gains in any of those hundred, unremarkable meme coins. But that's it, don't try to push your luck and start investing in too many of them. Yes, Doge and Shiba might seem not very attractive anymore but still a better investment than all of those unremarkable meme coins.
member
Activity: 277
Merit: 22
lumintoken.com
Not just shiba, but there's a dozen different others I think.
I tried a couple of them, just to see how they behave in this bear market.
To my surprise one of them was 20% in profit last time I checked ( after about a month ) the other one $50 in profit after one day. Not bad !  Grin
But to be honest I don't think I would put any money on Doge or Shiba... they're already far too high in the rankings.. way... way higher than they deserve. The best gains are made when your meme coin is ranked #800 or somewhere around there

if you want to invest in coin memes then we have to be careful because now there are a lot of coin memes that are scams. and many of them only last a short time after which they drop and no longer have value. and if you really want to invest in memecoin then invest with a small nominal for example $ 10 - $ 20. because if the coin is a scam then we don't lose a lot of money.
legendary
Activity: 3052
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Leading Crypto Sports Betting & Casino Platform
Good for you. Did you take all the profit or are you trying to stay and buy more to do better profits next time?
I would not recommend that.
You've done the purpose of them and that's to trade them and make profits in the short term. That's how I see them, money-making projects.
These "inu's" are not for investing long, even the one on the top which was Shiba.
I had millions of Shiba before but I sold them as fast as I can when I saw my money doubled. I did it without a shed of doubt.
hero member
Activity: 2800
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Leading Crypto Sports Betting & Casino Platform
I wish Katy Perry released her own coin.  Tongue
She's already done NFTs and KFC ads
You can mention it on here twitter and let's see whether she will be seeing your wish or not. Getting pair to promote NFTs were not a new thing in the crypto. There are some celebrities who have been doing it as well but again it's about how to comply with the regulation. It's too risky for her to release his token and maybe SEC will be charging him as well for issuing the security token to the market. It's better if she will not be doing it or she will face various problems.
You're lucky enough to get profit from meme token but this will not always happen. Stay away to take the risk by used meme token as investment.
hero member
Activity: 2786
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Leading Crypto Sports Betting & Casino Platform
Not just shiba, but there's a dozen different others I think.
I tried a couple of them, just to see how they behave in this bear market.
To my surprise one of them was 20% in profit last time I checked ( after about a month ) the other one $50 in profit after one day. Not bad !  Grin


Go on as long as you invested with money that you can afford to lose, and you fully understand how the market reacts to trending types of coins, they are the type of coins that now they are pumping but after a few weeks people began to dump them because of loss of support, just be sure you follow trend coins that you're investing and see the best time to dump them for profit, what's trending now, will be replaced by a new one.
 
legendary
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Leading Crypto Sports Betting & Casino Platform
these low ranked meme coins could very well vanish into thin air like quite literally every time there's massive correction,
in general investing in meme coin is unwise decision, but investing in low ranked meme coin you're just gambling your money away.
though they indeed could always have a bullrun in the middle of massive correction doesn't justify the fact that your investment could lost easily.
member
Activity: 245
Merit: 13
I wish Katy Perry released her own coin.  Tongue
She's already done NFTs and KFC ads
legendary
Activity: 2254
Merit: 1168
I am looking forward to an end of meme coin madness. They just flood market with useless info. I cant even say that all these meme coins create useful competition to other projects. Just a garbage that interfere from finding really useful projects. Until there will be people who has managed somehow to create little money easily and boast with that, meme coins wont disappear. And I really cant imagine what should be done to reduce the amount of new meme coins.
hero member
Activity: 2072
Merit: 603
I think the whole meme coin generation is joke itself. It’s too overextended and overdone everywhere. It was all fun up to the DOGE but after that they started coming one by one and flooded the whole market. Literally now they are having mergers with metaverse too and thus following the path of getting NFT’s of their own meme coin. Whats all this going on! It really sucks and making the crypto look like a joke. This is getting horrible day by day with meme coins and its way confusing over the period of time because we can’t really rely on one ( though its funny investing in them)
legendary
Activity: 3178
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Nec Recisa Recedit
the very fact that they have multiplied over the years must make us reflect on the drift that exists in this sector, and how easy it is to clone an idea, no matter how silly it is...

A meme coin is the equivalent of using a HYIP.
you can also make money with them but they are created through and through to steal money.

the fact that these kind of coins are distributed by owner (therefore practically centralized), often with "insta-mining" systems, with enormous risks related to double spending, not to mention the very high number of scams behind these projects ... in short, it's like going to a casino where the rules are unclear and the dealer is able to fix every game.

everyone does what they like (even risking their money in such things) but everyone must be absolutely aware of the (enormous) risks that are run in investing in such things.
hero member
Activity: 2646
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Leading Crypto Sports Betting & Casino Platform
Remember the rules investing in the crypto. The more marketcap reached by project and there would be less room to growth. From you have said above you can get huge profit caused by you were investing in that shit with low marketcap but don't you even think about the risk? Investing in shiba and doge would be less profitable but it gives you more guarantee if there would not be a hacked case or shady things that might be done by the developers.
legendary
Activity: 3024
Merit: 1496
Not just shiba, but there's a dozen different others I think.
I tried a couple of them, just to see how they behave in this bear market.
To my surprise one of them was 20% in profit last time I checked ( after about a month ) the other one $50 in profit after one day. Not bad !  Grin
But to be honest I don't think I would put any money on Doge or Shiba... they're already far too high in the rankings.. way... way higher than they deserve. The best gains are made when your meme coin is ranked #800 or somewhere around there

If you like gambling, then you can try your luck in meme coins. But one thing we all need to understand that meme coins are no good. A short term gambling is ok but never keep your money for long term in any meme coins. They don't have any use case or any specific usage, also they are super bad for long term investment.

It's 100s of meme coins now, it will be 1000 in no time. Most of the ponzi scheme owners are trying their luck in crypto market and that's why you will always see newer cpins introducing in the market.
legendary
Activity: 2338
Merit: 1041
Smart is not enough, there must be skills
You're too caught up in an instant $50 profit with an 800 rated meme coin there and never think about how risky it is that it's going to be blind to you when you profit from that lowly meme.

Maybe they can be hype right now for some reason but what if the bear market is really long in the market, can meme coins return capital, of course this will be rugpull prone as we have seen a lot, much better avoid it even if it's profitable now don't ever put its there again, because basically the meme coins rated below are much worse.
member
Activity: 361
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You know investing in crypto in the current market conditions is very risky especially in meme tokens. It's great when you can profit from investing in meme tokens. However, my suggestion is that you should invest only in the short term, because I am also not too sure about the future of these meme token, the price could drop at any time.
legendary
Activity: 2492
Merit: 1001
Leading Crypto Sports Betting & Casino Platform
What you need to know about meme coins is that they are very volatile, in fact I think they are more so than other altcoins. however, you are lucky to invest when the price is going up, but what if it goes down, then your opinion will definitely be different.
other than that, I understand what you mean that 1 coin meme can be very valuable. however, not all meme coins will be like that. maybe, the meme coin that you are investing in is currently high, but sometimes there are too many meme coins that also become a rug pull. where they sometimes deliberately increase the price of the coin to attract investors, then dump the price in a short time. however, do your research before investing, not assuming that all meme coins will be very high in the future.
hero member
Activity: 2758
Merit: 575
It is because they're like that. They'll pump as high as they can during the bull run and would be dumped eventually as we enter the bear market. Good to those that have made money on these times and that's all you need to do.

Even with the popularity of meme coins, it's not just started from 1. There were already many of them but because of the hype that has started from Doge to Shiba and with the help of Elon.

Many of them came out from nowhere.
legendary
Activity: 2380
Merit: 1224
Hahahaha.

I guess you forget the rist, your money can 100% lost because the rugpull. We have a dozen meme coin ended with the same things, is always created based on the tweet name from Elon. Then some random dude created the token.

The name it self already give us inclusion, the token is only meme without any utility.
legendary
Activity: 2072
Merit: 1023
★Bitvest.io★ Play Plinko or Invest!
Not everything is profitable, investing in memes is very risky, most of them are scam projects, you should be careful. You are lucky that you were able to make a profit investing in those anonymous coins. If you still want to invest in memecoins, you may do so as long as you invest only in projects such as doge or shiba, I think these projects still have the potential to rise in the future, I guess both won't stop at today's prices. For other memes it just bumps and dumps and will disappear after that, you should be careful.
member
Activity: 245
Merit: 13
Not just shiba, but there's a dozen different others I think.
I tried a couple of them, just to see how they behave in this bear market.
To my surprise one of them was 20% in profit last time I checked ( after about a month ) the other one $50 in profit after one day. Not bad !  Grin
But to be honest I don't think I would put any money on Doge or Shiba... they're already far too high in the rankings.. way... way higher than they deserve. The best gains are made when your meme coin is ranked #800 or somewhere around there
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