Will MemeCoins Fuel the Next Crypto Craze? - page 2.

Phoenixtrader

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Quote from: Kelward on April 27, 2024, 02:55:27 AM

Truly memecoins provides the hype and speculations that attracts investors to the crypto market, as stated in the OP, many people don't have that patience to wait on long term projects like Bitcoin and Ethereum, so they're ready to gamble their funds to make profits on the short term. I believe that this is the major reason why memecoins are fueling the crypto craze, as the subject of this thread captions it, and thanks to the Solana, network that is energized and accepting them as many as they come. But investors should understand that all that glitters is not gold, therefore they should carry out research first and invest the amount that they can afford to loose

You've spoken well, because of the hype that comes with memecoins, users especially newbies tend to shift to that direction. While I believe that memes are important in the crypto space, it's also crucial to position yourself wisely and know the risks before getting involved. Bitget memezone has been my go-to in terms of memes. I've gotten bome, Slerf, wif early and now they've introduced MANEKI with candybomb initiative attached..(OP mentioned it). The meme seem to be gaining momentum both on X l, Discord, telegram and Reddit. Will definitely ride the wave with this using my strategy. NFA though.

kotajikikox

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Quote from: Sayeds56 on April 27, 2024, 09:52:11 AM

Regarding meme coins, their role is important to test efficiency of block chains

This is why people need to appreciate altcoins even memecoins more. They need to understand that it is more than just the profit we are after but rather the experiment and testing that comes with developing a new blockchain and other features that could help and be implemented in the bitcoin’s.

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however I firmly believe that Bitcoin remains a pivotal factor in driving and sustaining the bull runs of cryptocurrencies market.

Being the first and inarguably the best cryptocurrency out there it is no shock that bitcoin controls pretty much the overall market sentiment and I’m pretty sure it will stay that way for a long time.

Sayeds56

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Quote from: Tipstar on April 26, 2024, 11:55:10 AM

Memecoin had been a significant part of bull run. Last time on the large bull run Ethereum network couldn't keep up with the bull run and congestion on ETH network led to botched pump on altcoins and specially meme tokens. But today, there are many options, Solana the leader of memecoin has been able to easily handle the large number of memecoin transactions and in case they fail, halt or is too congested, the memecoin bull would just shift to base, Ton or BSC and likes. Whatever be the platform, no other coins can give the same momentum as memecoins in the bull run.

Certainly, the scalability of block chain and transaction fee are critical factors of any block chain network to determine their efficiency, and it is interesting to note that Solana is a leading network in this regard as it can successfully handle large volumes without experiencing network congestion.

Regarding meme coins, their role is important to test efficiency of block chains due to their high transactions volumes, however I firmly believe that Bitcoin remains a pivotal factor in driving and sustaining the bull runs of cryptocurrencies market.

peter0425

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Quote from: ultrloa on April 27, 2024, 05:40:24 AM

That's why a investors should do full research towards what they try to do so that their will be a lot more of knowledge they can gather and for sure that this is helpful for them in long term especially if they became more knowledgeable on crypto and also on the investments they made.

It is true and if people end up gaining losses maybe it is on them.

We are all entitled to do our own research. We can’t just jump in blindly and invest on the first thing we see. As investors, we are expected to take risks but not just any kind of risks. We have to be making educated decisions somwe have to find that balance between risky and safe.

btc78

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Quote from: aima55 on April 26, 2024, 11:28:37 AM

It's like waking up to free money in your wallet - which undoubtedly helps onboard new users.

Honestly with memecoins it’s too difficult to predict what will happen to a project but sometimes it’s just full of luck. Some people never actually expected for projects to soar but they do end up going upwards. Of course you need to be careful with what to do with those coins after you’ve soared but the point is even though it is so rare if you get hit by that you are easily a wealthy man.

ultrloa

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Quote from: Kelward on April 27, 2024, 02:55:27 AM

Truly memecoins provides the hype and speculations that attracts investors to the crypto market, as stated in the OP, many people don't have that patience to wait on long term projects like Bitcoin and Ethereum, so they're ready to gamble their funds to make profits on the short term. I believe that this is the major reason why memecoins are fueling the crypto craze, as the subject of this thread captions it, and thanks to the Solana, network that is energized and accepting them as many as they come. But investors should understand that all that glitters is not gold, therefore they should carry out research first and invest the amount that they can afford to loose

It can somehow open some awareness towards learning more about crypto if they eager to expand their knowledge on their investment since for sure they will be redirected to the best altcoins or rather they will go directly with bitcoin and became a long term holder. But for other greedy people thinking about they can get a lot of money from meme coin then provably that they will get discourage and curse meme coin and the whole crypto just because of negative things happened to them.

That's why a investors should do full research towards what they try to do so that their will be a lot more of knowledge they can gather and for sure that this is helpful for them in long term especially if they became more knowledgeable on crypto and also on the investments they made.

Kelward

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Truly memecoins provides the hype and speculations that attracts investors to the crypto market, as stated in the OP, many people don't have that patience to wait on long term projects like Bitcoin and Ethereum, so they're ready to gamble their funds to make profits on the short term. I believe that this is the major reason why memecoins are fueling the crypto craze, as the subject of this thread captions it, and thanks to the Solana, network that is energized and accepting them as many as they come. But investors should understand that all that glitters is not gold, therefore they should carry out research first and invest the amount that they can afford to loose

Bureau

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Meme coins are a high risk investment. With the recent hype of meme coins there has a lot of new projects that have come up. Not all of them are genuine but scammers are utilizing this opportunity to scam investors. As Solana network has seen an unprecedented growth due to meme coins there have been lot of scams that are now coming out. I don't think we will see again a hype but those existing ones will perform well in the next bull run.

LogitechMouse

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Re: Will MemeCoins Fuel the Next Crypto Craze?

Yes? No? Maybe?
I mean anything can happen during the bull run or in this case, the crypto craze that OP said.

Last bull run, who would've expected that NFT games, and NFT pictures will be that popular to a point where everybody (including me) is investing into it? No one expected it to happen, but it is what it is. If I will say any category that might fuel the next bull run like what NFT did during the last bull run, it will be AI coins and RWA coins. I don't know why, but they might be the one that will fuel this crypto craze OP is saying. As for meme coins, it's a big part of the crypto space knowing that most of them are being called as "community coins" however, I don't see them doing the same as NFT did last bull run. What's sure though is that meme coins will increase in price during the bull market.

Anyway, I might be wrong though and we might see many meme coins projects in the future but for now, it's AI and RWA that I'm seeing.

Bournesparks

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Quote from: Tipstar on April 26, 2024, 11:55:10 AM

Memecoin had been a significant part of bull run. Last time on the large bull run Ethereum network couldn't keep up with the bull run and congestion on ETH network led to botched pump on altcoins and specially meme tokens. But today, there are many options, Solana the leader of memecoin has been able to easily handle the large number of memecoin transactions and in case they fail, halt or is too congested, the memecoin bull would just shift to base, Ton or BSC and likes. Whatever be the platform, no other coins can give the same momentum as memecoins in the bull run.

I believe so too. Remember the last bull run, when Shiba, Pepe, Doge, and Safemoon spearheaded it? Right now, the Solana ecosystem is at the heart of it. I suggest we pay attention to it, but be mindful of the risks involved, as once the market is in full flow, we'll see a lot of memes dominating. For Maneki, Solana mobile phone holders are eligible for a $100 airdrop, and the meme is already trading on A- and B-list platforms.
https://twitter.com/bitgetglobal/status/1783824062784938380?t=uuzPEs9L-WbKjCiZ7KVl6Q&s=19

batang_bitcoin

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Quote from: aima55 on April 26, 2024, 11:28:37 AM

The rising meme coin mania shows the power of community narratives and viral cultural trends in this space.

Mate, you've mentioned the term. And with every mania, there's always an ending to it and you probably haven't seen it yet, that this craze has already started and will indefinitely stop soon. The narratives in the crypto market has been changing constantly and if so, you're going to enter on it be prepared for the changes that you're going to experience.

Quote from: aima55 on April 26, 2024, 11:28:37 AM

If cultivated right, the next memecoin could very well capture the spotlight in 2024's bull cycle.

While this is possible but when it happens, make sure that you have already taken your profits because these pumps that usually happen in the meme coins are gone quickly.

goaldigger

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Quote from: senyorito123 on April 26, 2024, 02:43:45 PM

Hopefully, memecoins will relatively cause a huge impact for the massive crypto rise someday. As we see the current situation of our crypto market, there's always a sudden change with an unexpected market trend. The huge community is unstoppable, it's either a good flow of your asset or could be downside of the market.
Memecoins is just starting the race of progress, this might be the sleeping giant and that's one of the reason why traders gain more desire to own this type of crypto.

Because of its hype that’s why there’s an interest about it and the possible to make huge profit.
If memecoins will start another bullish trend, then it could be good to the market, also if you know how to deal with the memecoins then you can have the chance to make huge profit. Once the community moves towards the bull trend, then we can expect a bullish trend again and I still expect the top coins will lead the market.

senyorito123

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Hopefully, memecoins will relatively cause a huge impact for the massive crypto rise someday. As we see the current situation of our crypto market, there's always a sudden change with an unexpected market trend. The huge community is unstoppable, it's either a good flow of your asset or could be downside of the market.
Memecoins is just starting the race of progress, this might be the sleeping giant and that's one of the reason why traders gain more desire to own this type of crypto.

ajiz138

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Quote from: AbuBhakar on April 26, 2024, 12:10:52 PM

Definitely not. Meme coin always just riding the hype if the bullrun market already started. Meme coins is like the convenience store of crypto markets which is the go to buy of most traders that looking for quick gains. With this kind of thinking of the majority, meme coin pump due to the ripple effect when there’s already an increase of buy demand.

They are the trend starter of crypto craze but rather they are leeches on crypto market since they usually siphoned the liquidity from Bitcoin and altcoins markets after the taking profit part of traders that purchased early on crypto market.

Yes, it's true that the meme hype was at the beginning with the bullrun that started, the market was getting crowded because of the meme craze that was increasingly scattered in this market because the demand increased, so with the presale that the team made like a joke, it was much in demand. I don't know if it's because they want to get rich quick, they think of instant rich schemes, plus many influencers show portfolios on social media to attract a lot of attention.

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Quote from: Tipstar on April 26, 2024, 11:55:10 AM

Memecoin had been a significant part of bull run. Last time on the large bull run Ethereum network couldn't keep up with the bull run and congestion on ETH network led to botched pump on altcoins and specially meme tokens. But today, there are many options, Solana the leader of memecoin has been able to easily handle the large number of memecoin transactions and in case they fail, halt or is too congested, the memecoin bull would just shift to base, Ton or BSC and likes. Whatever be the platform, no other coins can give the same momentum as memecoins in the bull run.

Yeah Ethereum was following the Bull Market alongside with bitcoin and it was doing well with $4,768 and when people see that Ethereum was doing well in the cryptocurrency market and people started investing in it and suddenly the coins network was congested with high transaction fee and that slow down the massive purchase of the coin. And the developers too could not do anything to douse the situation. I also bought Ethereum thinking that it will go up as bitcoin did but instead it was coming down.

So I left it and I was planning to invest more. When I checked Solana network it was the same. So I didn't see any coin in the altcoins section that will make the cryptocurrency crazy in the future.

tsaroz

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The way meme coins had been popular, no doubt they'll be the reason for next bull run. Can't be sure about Dogecoin but in my experience, there had been an huge accumulation on most of the popular meme coins like Shiba Inu, Pepe, BOME, Dogwifhat, BONK and MEW. I myself and a lot of my friends holds a few of them atleast. Can't tell about others but there are several more newer memecoins that are being accumulated with the speculation of large growth. Meme coins have had the largest growth in marketcap and are still in huge demand. The people buying now won't sell them in cheap making them a good investment for bull run.

electronicash

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you get lucky when you have some of them before it got hyped by someone and the community starts pumping the memecoin. when someone posts they profited thousands out of 100$ worth of memecoin investment, i'm sure it will inspire a social media user. thus begins this craze. no elon musk needed already.

i have no idea about Maneki but if you feel like it will be the next memecoin to be bought by thousands of memecoin investors, it's your money.

aioc

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Quote from: aima55 on April 26, 2024, 11:28:37 AM

Let's be real, while lacking fundamentals, meme coins provide the speculation and hype that attracts newcomers to crypto. In these tough market conditions, they're among the few assets still generating profits for degenerate traders. Established assets like Bitcoin and Ethereum have become stale and boring for many.

The rising meme coin mania shows the power of community narratives and viral cultural trends in this space. If cultivated right, the next memecoin could very well capture the spotlight in 2024's bull cycle.

That's because these traders are driven because of profit they don't look for fundamentals all they want to be is to be one of the early investors of these meme coins/tokens and they will wait for the next action of the whales.
These meme coins/tokens have become the playing ground for whales to make a profit, so if you're a gullible investor and sold out to the hype of a particular meme you will find yourself waking up and finding out that you lost your investment.

I checked the meme coin mentioned in your thread Take Maneki, it's going downhill and volume is crashing, only $56 volume in 24 hours, it's only a matter of time before this one becomes a dead meme like all the rest of meem coins/tokens.

AbuBhakar

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Definitely not. Meme coin always just riding the hype if the bullrun market already started. Meme coins is like the convenience store of crypto markets which is the go to buy of most traders that looking for quick gains. With this kind of thinking of the majority, meme coin pump due to the ripple effect when there’s already an increase of buy demand.

They are the trend starter of crypto craze but rather they are leeches on crypto market since they usually siphoned the liquidity from Bitcoin and altcoins markets after the taking profit part of traders that purchased early on crypto market.

Yatsan

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I quite doubt. Well, it is indeed profitable to many investors despite of some features such as utility. Most of memecoins' market value are manipulated by whales and hype over the market in general. Most of the increase on the market prices are big indeed and to the same extent it is also the reason why sudden dump takes place. I doubt that it could be the fuel of next crypto craze simply because out of numerous memecoin projects, only a few are succeeding and becoming something "bigger" upon enlistment on different exchangers such as $PEPE, SHIB, and DOGE. The hype or popularity of memecoins are still there but to fuel the next crypto craze is just something. If it is with new narratives in the market, RWA and AIs has a bigger chance for a new trend.

At the end of the day, we'll just see it once the bullrun has started. Will still be sticking with major coins and I now included Solana on my portfolio.

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