What could have happened to all meme coins - page 5.

beerlover

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Quote from: Apocollapse on March 23, 2023, 05:32:07 AM

Dogecoin have been stayed on top 10 coins before Elon Musk joined cryptocurrency world, so either Elon Musk support meme coin or not, meme coin is always a meme coin. At the end all of them will become a dead coin, it's just used to make quick profit by taking advantage over pump and dump. So if you're looking to invest for long term prospect, you're better to stick with Bitcoin.

Are you entirely sure about that? I can promise you that back in 2015 it was definitely a top 10 one because there weren't really that many which was great. But if you read this article you will see the truth; https://cointelegraph.com/news/dogecoin-ranks-among-top-10-crypto-assets-for-first-time-since-2015.

As you can see it is top ten ranked in 2021 and it hasn't been in top 10 from 2015 to 2021, which is 6 years. Hmmm, what has happened in 2021 that made it go up that way? of course Elon did. So if you ever question that Elon wasn't the reason why it went up, just reopen this article and ask yourself is that true or not and stop convincing yourself that its anything else.

rokok lokal

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If we follow the popularity of meme coins is mostly driven by social media and online communities. While Elon Musk's tweets certainly caught the attention of the Doge coin, other meme coins have also gained popularity in similar ways.

The success of meme coin does not depend solely on the influence of one person or entity. Other factors such as the overall market sentiment, the technology behind the coin, the strength of the community supporting the project, and other external factors can also play an important role in determining the success of a particular crypto asset.

It is also possible that without Elon's influence, meme coins will also get a lot of mainstream attention, but it is important to remember that the crypto market is constantly evolving and new trends can emerge quickly.

ElmedoRator

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Quote from: GEMIN_M4 on March 22, 2023, 04:02:22 PM

I am wondering what the fate of projects like Volt inu, Baby Doge and other meme coins would have been if Elon Musk never supported Doge coin, would Shiba inu ever made it to top 20? What would have happen to meme coins? Will there ever be any if Elon never existed?

The nature of these projects is like a joke, and whether they get away with it or not depends on the projects themselves. The change adapts to the construction market but brings more benefits to users instead of a pump/dump. Basically to me some of the top memes like doge or shiba have special use cases so I think they will still be sustainable in the market even if Elon manipulates them.

vv181

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It is quite interesting to see how the outcome it might be, putting aside utilisation, meme coins are quite the contrary of many projects where they are thriving to solve some problem, within the cryptocurrency scene, at least. As absurd as it can be, meme coins surely have the true supporter of the project itself, the one who just simply loves doge and themselves are onto cryptocurrency. So even let's say Elon did not shill it, Doge might probably just exists.

Among other projects, surely some of them must be inspired by Doge. But do in mind, if there is no popular figure "endorsing" it, I believe it won't be as large as it is right now. So, the degree of its popularity and market cap would be lower than what the current number.

Apocollapse

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Dogecoin have been stayed on top 10 coins before Elon Musk joined cryptocurrency world, so either Elon Musk support meme coin or not, meme coin is always a meme coin. At the end all of them will become a dead coin, it's just used to make quick profit by taking advantage over pump and dump. So if you're looking to invest for long term prospect, you're better to stick with Bitcoin.

Jody.Drummer

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It seems that for now almost everyone agrees with the condition that if there is no Elon for Doge all these coins will have nothing to be proud of because indeed seeing from their condition coins like that are just trying to suck by taking advantage of Doge's hype before and when it doesn't exist , then their reason for living too I think is questionable because no one is really interested in a coin like this apart from the hype for a moment and creating a hit n run moment.

Jackl87

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Quote from: GEMIN_M4 on March 22, 2023, 04:02:22 PM

I am wondering what the fate of projects like Volt inu, Baby Doge and other meme coins would have been if Elon Musk never supported Doge coin, would Shiba inu ever made it to top 20? What would have happen to meme coins? Will there ever be any if Elon never existed?

I think it is quite simple. If Elon Musk did not make that tweets about Dogecoin two years ago or so, then all those other stupid shit-coins like ShibaInu, Baby Doge, Volt Inu and so on would not even exist. The only reason why those "second generation" meme-coins were created were those tweets of Elon Musk. Later Musk even said that stuff he said about Dogecoin were all just a hustle. For me it is just crazy, that a few tweets that were not even meant as a serious statement were enough to kick off that whole shit-coin plague that we are still witnessing today. There are still hundreds of new shitcoins launched each and every day.

Dr.Osh

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if Elon Musk had never supported Doge, then I don't think many coin memes would have gotten noticed. people are probably still focusing on Dogecoin over other meme coins. after all, meme coins have always been meme coins. people really know that the coin has a very high risk compared to other types of crypto. however, due to the Hype of dogecoin, a lot of people have suddenly paid attention to other coin memes, even today. however, I think nowadays people are just taking advantage of the fast volatility that occurs in meme coins to make a profit.

MAAManda

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Quote from: GEMIN_M4 on March 22, 2023, 04:02:22 PM

I am wondering what the fate of projects like Volt inu, Baby Doge and other meme coins would have been if Elon Musk never supported Doge coin, would Shiba inu ever made it to top 20? What would have happen to meme coins? Will there ever be any if Elon never existed?

The Dogecoin (DOGE) hype was originally initiated by Elon Musk, so that it eventually spread to a new hype, namely a token with a low MC and a very high supply (the meme coins themselves). If the question is " If Elon Musk never supported Doge coin, would Shiba inu ever made it to top 20? ", then the answer is " Yes ", If initially Elon Musk did not create the hype from Dogecoin (DOGE), we wouldn't have seen the hype from meme coins.

Strongkored

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Isn't that what has always been asked not only of meme coins but has also been asked about the sustainability of Bitcoin as well as Dogecoin when they first appeared and until now they still exist and Bitcoin and Dogecoin are getting bigger and bigger.
So as long as crypto still exists, meme coins and other types of coins will still exist, those that have good and clear development and have great community support will make memecoins survive, although some will eventually die, but not all of them. People like Elon Musk need crypto and one of the ones chosen is memecoins because they can make their money continue to grow through the speculation they are doing.

adaseb

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They obviously wouldn’t of have existed. Many missed the Dogecoin pump and so that’s why they started to have clone coins and many made lots of money if they got in early.
Eventually it got out of Hand how many of those dog type meme coins came out. Some were outright scams and many got an-99% loss buying them.
It happens in every market cycle pretty much.

wxa7115

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Quote from: GEMIN_M4 on March 22, 2023, 04:02:22 PM

I am wondering what the fate of projects like Volt inu, Baby Doge and other meme coins would have been if Elon Musk never supported Doge coin, would Shiba inu ever made it to top 20? What would have happen to meme coins? Will there ever be any if Elon never existed?

While the influence of Elon played a part on hyping meme coins, at the same time I really feel that this was bound to happen anyway, there are investors out there which are always looking for the next big thing, and whether we were talking about NFTs, metaverse coins, P2E token or meme coins they will invest in them no matter what as long as they believe they can make money with those coins.

So when we think about it not much changed, except that the hype was bigger than anticipated and the hype took over the market sooner than what it could have happened otherwise.

OcTradism

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Quote from: GEMIN_M4 on March 22, 2023, 04:02:22 PM

I am wondering what the fate of projects like Volt inu, Baby Doge and other meme coins would have been if Elon Musk never supported Doge coin, would Shiba inu ever made it to top 20? What would have happen to meme coins? Will there ever be any if Elon never existed?

If Dogecoin is a first meme coin and Shiba Inu is a first meme token, others are late comers.

Early comers got success does not mean late comers that usually are copy cats, lack of ideas and capability for development and marketing will gain similar success.

Most of meme tokens will die with time as most of altcoins die with time. Meme tokens won't make difference in this market.

Shiba Inu needs to have more token burns to reduce its total supply to climb up higher on marketcap table.

Lorence.xD

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Quote from: lobo13hf on March 22, 2023, 06:55:09 PM

Meme coins in general are already trends even before elon starts mentioning it, but it gets massive recognition once elon actually starts mentioning it,
so I think meme coin will still exsists even without elon musk but only certain meme coins, the other meme coins are I doubt will ever exists if not for elon,
even though I also sure that shiba will also never exists without elon.

I agree that memecoins are already a living token before. But it doesn't worth a lot unlike the value of memecoins now. Since few people knew what kind of token is that due to they don't have an idea what is a meme before. As time fly many people recognize what a meme is and can relate on dogememe which they invest because of its popularity and hype. But it pumped a lot when Elon Musk mentioned it. It will still be a thing but it won't be popular like today. Some other memecoins I consider them as dead since the meme is not popular as the token. I remembered the token of squid game where a lot of people invest to it since its popular but in the next days it got rugpulled. Which I conclude that I rather invest on memes that are mentioned by famous traders and investors.

PIMPdev

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I don't think memecoins besides DOGE would even exist if it wasn't for Elon's DOGE pump. DOGE was a pure joke and I support that, but all other memecoins were made just as a cash grab, at least I see it that way.

lobo13hf

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Meme coins in general are already trends even before elon starts mentioning it, but it gets massive recognition once elon actually starts mentioning it,
so I think meme coin will still exsists even without elon musk but only certain meme coins, the other meme coins are I doubt will ever exists if not for elon,
even though I also sure that shiba will also never exists without elon.

Stalker22

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Honestly, I do not think many of them would even exist without Musk. They are all just riding the hype train, and without him, they would probably be nothing. Maybe there would have been some other celebrity or influencer who would have championed the cause of meme coins. But let's be real, it is hard to imagine anyone having the same level of impact as Elon Musk. I mean, he can just tweet something and the whole market reacts. He is like the king of memes!

Psynthax

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it's without a doubt that elon shill did affect meme coin in a drastic way, he was also the sole reason bitcoin could increase so much before, that until his influence his gone and most would consider his statement to be some kind of joke, right now elon shill isn't as influential, many just considers his blabbering as non sense but doesn't mean he has lost all of his influence, but it's still the fact that his shill is what makes doge right now.

o48o

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Quote from: GEMIN_M4 on March 22, 2023, 04:02:22 PM

I am wondering what the fate of projects like Volt inu, Baby Doge and other meme coins would have been if Elon Musk never supported Doge coin, would Shiba inu ever made it to top 20? What would have happen to meme coins? Will there ever be any if Elon never existed?

ALL of them? There are like thousands new in a month or more that die immediately.
Some of them survive because people trade anything so why not memes. Best thing about them is that they don't need tech to survive. Just hype and community.

And they are not pretending like buyers were in it for the tech, so in that way they are more honest them most of the snake oil salesman who sell blockchain as a solution when you don't need a blockchain.

blockman

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Quote from: GEMIN_M4 on March 22, 2023, 04:02:22 PM

I am wondering what the fate of projects like Volt inu, Baby Doge and other meme coins would have been if Elon Musk never supported Doge coin, would Shiba inu ever made it to top 20? What would have happen to meme coins? Will there ever be any if Elon never existed?

There's an essence to this question and I think that Dogecoin will remain but the majority of the meme coins will never be known. They've been into the hype and no doubt that thanks to Elon Musk for doing all the shilling and hyping everyone with his tweets that have made these meme coins trendy during the last bull run. It's the exact thing that John McAfee did when he got those projects paying him just for them to get tweeted by him. But in Elon's case, I don't think that most of them paid him because it's not really essential as he's got covered the majority of the meme coins, as in general even if he just talked about Doge or Shiba.

Topic: What could have happened to all meme coins - page 5. (Read 654 times)