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First DeFi then very short NFTs and now I see we are or entering the Meme Coin mania times on crypto markets.

Of course people learned nothing from Doge and keep investing in all sorts of meme coins available on the market.

What is even better there are literally dozens of new meme coins started in last few weeks, don't want to spread the names to obvious scams, so you will need to research this, but believe me I have seen more as 20 new once.

To add the fire many scammers can fill the hype and they pump many of this coins to record highs reaching best gainers positions and scoring free advertisement from the biggest crypto related websites.

For me this is little hard to understand that they do completely nothing to filter this out.

I don't mention any names of websites or project on purpose, every little experienced crypto investor knows what I am talking about.

So tell me, are we in meme coin mania already?

https://poocoin.app/tokens/0x984ae7a0e32ae2813831b3d082650e1eca7a1996

Maybe we are, but I would say this is not good as they don't have good potential in the future.

Elon Musk should be the father of meme coins as he started it with Dogecoin that makes people believe it will rise even $1.
Maybe it's the current hype but like I said it will not last, these people who ride on it now will definitely regret it in the future.

Crypto investment is risky but it will become risky if we don't check the fundamentals of the coins we are investing, instead, we follow the hype.

i think we are passing this mania stage
these meme coins, they are actually super illiquid and they aren't pumped by a lot of retail money, but rather by pure manipulation
once the scrap of retail is gone, there will be no point in pumping these meme coins because no one will be willing to buy them

meme coins have always existed but its been brought to the attention of the quick rich people because of Elon Musk and his ludicrous support for Dogecoin. We will see more and more meme coins being released in the coming months and none of them will amount to anything. I have seen legendaries getting in on the action too and that is concerning because they cannot legitimately think that they are worth anything unless they are just trying to mock.

Its a phase that would soon fade away. Pay no mind. And as this hype is growing, so is the input from malicious and dubious characters. For every 10 new meme coin, 9 is legit scam(assumption is mine). I'm not even buying any and I don't encourage anyone to invest. Always DYOR

The hype on Meme token are slowly dying because we are on a bear market and they can’t survive this situation, so only the good one will remain active but not as hyped as before.

I think the trend now is for the NFT games, that’s the hype now that even on a bear market they managed to rise and make its new all time high, so this could be the next trend in the market, so look for a better one now.

Oh yes that is the era. the opportunity for scammers to rullpull projects. the opportunity for the scammers to reap their greedy followers up. it is advisable for one to do their own research but with the look of things. people hardly research on anything. they jump on any little crypot project that looks good, have great designs and has sweet talkative.  we will keep making mistakes.

It is a part of the hype and let's see how long these meme coins or tokens can survive in this crypto market.
This also actually has high risks, moreover for the beginners who really don't know the cycle of this kind of hype coins or tokens. And finally, they are trapped in these meme coins, losing much money.
But it may be okay for some people who are often trading and utilizing this kind of moment, by utilizing the dump and pump fo these meme coins to get any profits. But once more, if we are not ready with that, I personally will prefer to avoid them.
Meme coin may be very popular right now. But, I personally think that this is part of the hype era and it may beend soon.

I think meme coins is just part of the hype where in investors wants instant profits. These meme coins suddenly gets high in price where many investors got to invests with it and eventually going to dump the value by selling all their coins leaving those poor people who do not know the situation loses their money.

NFT not by any means is short lived hype, I see recently meme coins faded in popularity and instead its NFT that becomes booming, the NFT games are now getting more and more users and keep appearing everyday which is a hood thing since NFT game could gelp blockchain innovate as well. Meme coins on the other hand are becoming the place for people who likes to speculate to stay in that space  which is finding new meme coins to speculate,.
I personally prefer NFT games though, its just feels more useful for end users because it has real product thats the game.

with the decline in bitcoin, the trend that occurs in all existing crypto also decreases. At the moment memecoin is not the main choice to buy, most of the investors are waiting for the price to collapse again and are ready to buy a trusted coin. Moreover, the influence of people like Elon seems to have faded, and of course the market is waiting for someone to come back for a bullrun

Not sure if meme coins are still on the lose but I am hoping it could end so to give way to those fundamentel and solid projects. Investors should learn to see the difference of good and potential tech from pump and dump scheme. Trading crypto is to earn money but somehow if you think of the pnd profits and some are losing their hard earned money due to hype and just been invited out of a silly project? We cant enjoy that way. Knowing we exited on their provided liquidity. Im not saying its a trader faults if he got profit, its just pityful for those who blindly buying those meme coins and lose.

I thought were already leaving the mene hype behind? You see not that many people actually interested in meme coin anymore instead many of us has already put our attentjon to something else, whats left are just those existing coins with speculative purpose.
But the newer ones usually fail so hard it got relatively low trading volume  i think theres no point worrying about it.

Yes, without Elon making a trend on coin memes, maybe no one will be interested in meme coins, that's obviously because the functions and benefits are minimal or even almost non-existent.

Yeah I think this is what's happening right now. Elon's hype on Doge doesn't have that same effect while Shiba lost steam when Vitalik dropped the bomb on them. The new meme tokens like baby X and baby Y, cats, and other breed of dogs didn't really have that popularity.

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If we're talking about mania, check out play to earn projects following the footsteps of Axie.

If it's true that we are in meme coins mania times like what you said, then in my opinion this is one of the darkest eras in the crypto world. It's stupid, unclassy, and degradation. There are so many great projects out there with remarkable technology and could be massively adopted in real life for human importance, shadowed by these meme coin projects. This is saddening. Common people will only know the crypto world as a joke with a pump and dump scenario. Sorry for being so harsh, but this needs to be stopped

Cryptocurrencies trading as a whole itself is a non-zero-sum game. The profits we have taken are some else losses, no matter whether the project itself has fundamental or a useless cryptocurrency. The thing is how to minimize the losses. I'm sure that every one of us, in the beginning, is completely numb about how trading works, and the lesson and experience have taught the experienced traders a lot.

Let's say that if someone takes a profit knowing the whole project itself is PnD scheme, well they have intention in the first place to blasted all the newcomers who invested. Therefore, they should have known the profits they are taken, are some else's losses knowing the reason why they investing they project in the first place.

I don't think this is a long term mania phase. Shitcoins moon and die all the time even in the bear market. That's nothing new. There will always be another alt that claims to be the next x100 coin and sometimes it really is, until it goes to zero. The coin you linked to isn't anything special. It is just good old pump dump.

as others have said, we're already past them. it's time for 'high quality project' to face the test. whether they survive or not will decide how they will do in the future. my bet is, just like ico boom, 90% of them will die and the rest will struggle, while only one or two project will fly to the moon.

I agree, it's just a pump and dump coin and we already have DOGECOIN whom I believe is so special in terms of pumped because it was able to position in the top 5 of the market during its ATH. As we can see, DOGE is dumping already, there was a prediction that it could go as high as $1 and some even believe higher than $1, but look where Doge is going now, it is slowly sliding, so any new coin that is hype will not keep that uptrend in the long run, they'll all die because they are just hype.

i dont think NFT and DeFi are similiar to this meme coin, they had strong concept and great for many projects. unlike meme coin majority had no purpose and only for fun and for their community, and it seems like this meme coin it was a trend only because of Elon Musk. and just hype at the time and now looks at the market those coin are tend to continue down more and more . I have some friends who are under a lot of stress because of this.

Memecoin/ token have taking a forefront in Cryptocurrency market in recent weeks and you can see these coin been listed daily on coingecko even in a bearish market.  I wonder why people keep creating these token ! It is obvious that  some scamners are creating most of these coin to defraud naive Cryptocurrency investors.  The sign on the wall is big!

I think this coin meme trend has ended, because the influence of Elon, who started this trend through DOGE, no longer has much influence.

I suppose there was still some little hype on any Coin that created based on meme as you Mentioned "Jiro Inu" On that link but the hype not really much when previously Elon Mention "Doge" Or "Shiba" The crypto market has entered the saturated phase especially on DeFi & Meme from my opinion, It's good try to get some instant profit on short term but not really good for long term.

I think we are, people want to earn some easy money that is just their nature, instead of trying to earn money consistently and do well over the long term they want to get rich now, and they think those meme coins are the answer they have been looking for and quite honestly they are completely wrong, what they do not understand is that only 1 in 100 will get the results they want and the rest will lose all their money, and if they want to still invest in those coins with those odds then that is their choice.

It all just started when a certain rich guy hyped it up. I wouldn't call it meme coins mania just yet, though I doubt it will happen anyway. Let's just see how long can they still last on their shillings because surely there will be point that these people will sell their coins.
NFTs going crazy right now here in my country as well and it is just because of a simple game.

The best coins are those who even call themselves 100x coin! Guaranteed profit, why else the name? Since it fits your comment:

https://coinmarketcap.com/currencies/100xcoin/

Pump and dumps everywhere.

Yeah I get it. I just hate the idea mate, no offense cause I also exited when I profited. I just want to reiterate to those who are newbie or just started to invest with this kind of investment should be very careful and always take action and dont be greedy. If you have your profit already should have taken it and dont be greedy cause chance of losing is also there if you become so obsess with higj profits.

Maybe. But it's too bad it's not something new. I mean a new platform.
ICO, IEO, DeFi, NFT. They are all unique. But this time it is not, because most of them are copycats of the original meme coin.
It's bad to tell names. Let's just call them the dogs.  ;D My Twitter account is flooded with those types of new meme coins and I need to unfollow most of the news services that I used before.

Since the day that doge trying to impress and want to get attention in the market, thats how some of the meme coins start emerging as well,  they literally take the advantage but after all a waste of time and can't even guarantee profits wherein only losing money. So i suggest to stay away from them. Because they're totally scam project that will show a hype but suddenly  always turn into worthless coin. See what's happen to doge, seems no more chance to recover from the dip after the manipulation.. So don't expect with new meme coins they're a joke in the space.

Shitcoin is shitcoin.
These random altcoins who are just popping everywhere with huge percentage on 1 day and after few days, look like the very huge dump.
And what I am also starting to see these days are the NFT games, or blockchain games involved. I am afraid to see another set of scams with these new things involved, NFT/Defi/Blockchain games.

Sure, I do have a pity for those who lost their hard-earned money or we know that some people use their savings/emergency funds only to ride the cryptocurrencies boom. Nevertheless, we all should know that it is a non-zero-sum game.

I do agree with your main idea, to warns newcomers who blindly invest/trade to cryptocurrency. There some stories that people suicide because they lost all the money they got, and got no helps but to end their life. That is really devastating. I do too emphasized for the people who participating in cryptocurrencies no matter how experienced they are, to not use their savings/emergency funds to play jumps on this highly volatile market.

With this down market seems most of the meme coins were dumped so much like Shiba Inu and I don't see anymore meme coins that skyrocketing, looks like the hype is over now. The meme coins will not survive for long, only the coin that has a real project.

I think you are pretty late to the party when you say we are entering the meme-coin mania now. This stuff is going on since the middle of April and i even think that it slowed down now.. thank god for that. I also think that those meme-coin hype was really bad for the whole crypto market overall and it was probably one of the main factors why the market is dumping since the beginning of may. Which serious investor or financial institute would decide to join the crypto market when they see that projects like shiba-inu, elon-one or babydoge have much more trading volume and market cap than most of the new projects that actually have a use-case. I hope that in a few months that whole meme-coin craze is completely gone.

that's what meme coin is doing in the market. grow with hype, when it's all done then a lot of people will throw it away. especially in market conditions like this.
Now the focus of many investors will be more on the big assets in the market. no longer meme coin. but for Shiba, I think they still have a strong and big market. it all depends on the developer. want to raise their token or will just wait for the hype going on in the market.

it seems to me that good advertising rules the world, because advertise your product well and people will buy it and it doesn't matter what this coin will cost or what the value is, the main thing is hype.

Problem I have is with the big exchanges and crypto websites supporting this shitcoins by listing and even promoting them, this made me realize that some of this big platforms don't really care about the health of this space, but rather, they care more about the money they are getting from all this shitcoins, ignorant investors are getting scammed everyday and when you contact this platforms why they list such projects without proper researching them, they tell you not listing them will undermine the main purpose of crypto currency which is decentralization, meanwhile they themselves are not decentralized.
But am not really bothered though, as it looks like the bear market is fast taking a full swing, am watching closely to see how many of this meme shitcoins will survive a crypto winter if it hits us hard like the one that followed after 2017 bull market.

Just wait for another meme word from Elon musk to get another pump-dump memecoin. Whenever Elon tweets any meme word, memecoin with that same word, skyrocket within short time because of the fomo among users. Indeed, it's just another hype/trend and only real projects with great fundamentals will survive in the long run.

I must say yes since it's too visible that meme coins are getting more attention these days since they're being carried by the hype of most influencers just like what Elon did to Doge. However, I believe that if a coin was originally made for a meme, it would only pump for a short time since it has no definite function.

Thank you very much Bitcointalk members for such great response to my thread, haven't expected that.

I was busy last days (of course with crypto) but stay assured I have read all the answers and will be happy to reward few best once with merits, but unfortunately don't have any and kindly ask merit sources to the job.

I know we are in altcoins section but I have read all comments and am sure many deserve merits, so I am quite shocked that I haven't seen even one rewarded.

But maybe this is topic for another thread? Let's get back to meme coins.

I see many of you agree that we have/had meme coins mania on the market started by Elon and Doge, as always in crypto we will have to wait and see where it will bring us finally?

Don't think it will end up well for many newbies, literally only Doge has small chance to survive in my opinion, thanks to Musk and the hype he made.

Never buy this shitcoins, especially already pumped once, if you are early and like to gamble, I understand that 800x can be tempting  ;)

I wish luck to all of you on crypto minfields, sorry markets  ;) :D

I feel the Meme coin mania are about to over now cause the correction of bitcoin price. The mania makes people looking for new coins on tiktok or even in some signal coins on instagram, They will buy it fast on pancake swap with high gas and sell it immediately. Its really bad that people chasing pump coin and some people just got dumped very hard by buying this useless coins with zero project at all.

Because of the drastic growth of Doge due to Elon's tweet, meme coins got the spotlight and gain popularity especially to new investors who like to join the hype. Its not surprising to see the increasing number of meme coins on cmc, it became a new trend. However due to the market condition and the price declined of bitcoin, most coins (including meme tokens) were affected of bearish season.

Indeed its too risky, early investors are the ones who will benefited the price increased and those who were left behind are unfortunate to missed the price pump.

Personally I am not against meme coins. Trading on them is a good tool to get more than 10x in one day. But what you should remember when investing in them is: firstly, don’t invest money that you are afraid to lose, secondly don’t be greedy and as soon as you notice that price starts falling, sell it.

It is pointless to hold meme coins and, as a result, to be left with nothing.

But meme coin is just a meme without crypto use. Just an entertainment purposes that will still fade as time goes by. I dont think there are still new meme coin that can be a dogecoin. I mean, dogecoin used in some gambling site and have been chosen by many investors even before the hype because of the lowest fees and fast transactions.

However, if these new meme coins can also proved their greatest existence in crypto like SHIBA INU and others who created after dogecoin pump, then let us see.

It's good if you're not into coin memes as coin memes aren't really a collectible in the long run nor are they a good choice for trading in the crypto space,
so it's okay if you don't like coin memes.

I think mene coin mania is over now. It actually lasted only at the time of bull run, now that bull run is over I don't think meme coins are going to last a long way. It was the big volumes which was giving these coins big boosts. In bear run these coins won't even be able to hit their IEO price. Moreover after what Vitalik did these meme coins actually failed terribly so we don't really need to worry about these coins.

Who knows whether it is really over. Memes are a wide field. For now it related a lot to dogs and frogs and I don't know...:D But you can turn a lot of things into memes. You can turn Trump into a meme. Therefore we will see more meme coins coming, but we will probably not have another DOGE.

Right now, even if the whole cryptocurrency market is on a big dip or bearish mode, there is a resurgence of meme token projects all over. Just go to any free-to-join Telegram shilling groups and you can see what I mean. There are just too many and they are all promising the heavens including the stars and the planet therein to their prospective investors. They all want to bring us to the moon and beyond. Admittedly, I am supporting some of these new projects but am not anymore shelling out money from my pocket as I am now tired of scam type of a project and those who just failed or died a natural death. We have to be careful as 99% of these will just evaporate into the sky together with the money you invested on them. Be warned. Be wise.

Doge will still Doge and it can not replace by the other meme coins. The trend for meme coins already end but it could rise again as we can not predict what will happen in the future. But playing on the meme coins can tempt people to become greedy because they already make a big profit from Dogecoin and still want to make another profit from the other meme coins. But they need to wait for more to see if the meme coins will have the chance to rise.

Pretty much this. I still kind of heard some people being able to use them to casino stuffs though I am not fan of these gambling stuffs due to how risky it is rather than investing.
These are pretty much just hyped up most of the time.

As stated they are nothing much but the meme coins so they are made to do nothing but make joke of!  :D
They are like fuels in the crypto open space, if you light it with smallest possible fire then it will catch big fire in the market and make a boom. But obviously after few days that is unaccounted for!

What I mean with this example is: We seen same story with the DOGE. The coin was literally worth penny and it was easy to pump with even small money. But guy like Elon fuel it with his fans money, his own money and driven the big fire towards it giving our ROI more than thousand percent in very short period of time.

That is the whole point here, meme coins are joke to the crypto, then can played the way we want if done smartly.

It was not only because of what Musk did, there was another group of people that decided they wanted to pump dogecoin and this is why the price went up so fast, however people are losing perspective, they think they can invest in any coin and earn a fortune and this is simply not true, however it seems they are going to have to learn their lesson the hard way once those coins begin to crash as there is nothing behind them except hype.

I don't think so that "we" are, but some of us maybe.
Moreover, when it goes to newbies who are trapped with the hype of meme coins, they are mostly getting on them.
Well, the hype will always happen and also continue every time, depending on what triggers that are being popular at that toime. As what happened to Dogecoin that can pump really high because of Elon Musk and also other good news.
Then, there are emerging many meme (shit) coins following, trying to be better and better than Dogecoins. Saying that they are offering much better fundamentals than Doge and many others. but in fact, they are still "a meme (shit) coin)".

obviously we are because there is meme coins everywhere we go . people are expecting that there will be a next doge coin and shinlba inu so they are buying many kinds of meme coins as early as they can or as long as the price is still cheap . theres also  defi and nft  . they are not over yet especially nft that is starting to get popular again  .
 the three of them has their own level of risk but they can be profitable too if done right or if we get lucky

Agreed and the trend of meme coins has gone just in a few months. The NFT trend was farr better than the meme coin trend. meme coin mania already faced bunch of the scam coins because the scammers were only generating more and more scam token to be sold to fool people. It seems like that NFT trend will become a long time trend.
More and more game got introduced and this is pretty interesting.

Meme coin was popularized by Elon for the first time, but it faded when we know that Elon Musk tried to manipulate bitcoin, I think the meme coin trend is the shortest trend in the history of cryptocurrency that I encountered, because it's like a concept that is not very useful, just for entertainment only, even some people lose a lot in buying them.

No, "meme" is a timeless term. It just depends on the social/political/economic circumstances that might lead to another meme coin. You could think of all kinds of events in the whole world and if then somebody starts a coin that in a certain sense relates to that event, you get really close to already call it a meme coin. Meme coins are not necessarily only about dogs or other animals.

Hilarious. Directly to the point.

If this was on a more reputable exchange I would buy some just for the lulz. Cheap as f too. What do you think? Can it make x100 easily from here? Might worth a try.  ;D

All it needs to is one x100 and it can die in peace.

This is for sure possible, like I have written in opening post, I don't reveal the names of these meme shitcoins, but I have seen few only in last two weeks that pumped 800, 400, 100X

Pure pump and dump of course, as we can see the first pump was the most spectacular, next once pumped much lower but still 400 or 100X in a day or two is a lot.

Totally no products, no communities, all of them just stared, I always wonder who buys such shit on ATH?

Meme might be a timeless term but meme coins aren't timeless once people lose a lot of money in them most of the people will become aware about how these coins are just fake and Don't provide any real value just like the idiotic ICOs went down the drain. But yes there would be another such thing which would definitely take away the money of innocent investors again. There are many sharp brains who know how to make money from idiots.

You are right! The hype was gone when Elon had made out those claims which is totally opposing communities interest and even attack bitcoin which turns out that everything that  he's trying
to engage on or do make out some tweet doesnt really make out some effect a of this moment. Meme coin mania?  Yeah it did happen if you do look out on how many coins had
followed on  the trend but look at them now? Majority of them are on reds or negative.Feel sorry into those investors who had bought into the peak or top.
For sure they are struggling on seeing their portfolio on on reds.

That’s right, Elon started and ended the hype believing on this guy made a lot of troubles into new investors, the hype was gone now and the new trend is the NFT games. Meme are useless token with no purpose at all, I’ve seen many at BSC platform and seriously, most of them are dumping hard right now which I believe will last until the next cycle of the market.

we can't blame elon musk, we have to blame the many greedy crypt market and the many scammers who create altcoins just because they see elon musk backing some altcoin meme, that shouldn't be a reason to start popping a lot of altcoin meme, it's sad and It's shameful what you see in this cryptocurrency market. in the past it was altcoins named after japanese food, now it's altcoins named after dogs, and then what's next? already altcoins named after jesus, altcoins named after Japanese food, altcoins named after dogs, what else is missing?

meme coin is a topic that is widely discussed by traders. The dynamics of meme coin are a lot. there is a sudden rich or bankrupt suddenly. considering the price is very volatile and the price movement is very fast. The famous coin meme started with the unnatural rise of doge coin.

Haha yes, regardless of liquidity. Go 100x with literally a non-existent order book because the team holds 95% of the supply and then call it a day: "we've delivered on our promises!"

Well, according to that logic a lot of coins did not die in peace. Or maybe I just failed at decrypting the cryptic language in the white papers and they in fact all reached their goals. Good old times when the white papers became more and more buzz wordy :D

I once read something like "we may or may not reach our goals, depending on various circumstances". Does that mean they may or may not scam us, depending on various circumstances?

Very soon the altcoin market will soon become something else looking at the rate at which careless and useless meme coins are trooping the market without any filtering of these coins making the crypto market to become more risky for investors who are looking for good coins to invest in. The persistent of these meme coins post a great obstacle and threat to the crypto market in general, increasing the numbers of victimized investors, making it hard for previous scammed individuals to increase their urge for crypto investment and trading.

The trends keep on changing so better to keep yourself active with how things works around the market,

Many traders lose as they think that following the hypes gives them good amount of compensations but

in reality, they are just risking with time and if they made it wrong everything will lose, means that investment

will fly away with the market dumped.

Meme coin category wasn't exist before the Doge hype by Elon Musk so this is actually a new trend followed by a successful hype. Meme coins has no utility at all but still people are ready to invest on it with the hope of getting returns in short time.

That's the whole point of a pump&dump shitcoin. They are not in the building a community business. They are the modern day pyramid schemes.The people who buy these at their ATH's expect the ongoing bull run to last a bit longer so they can dump their stash on somebody else. That's how pyramid schemes work.

Almost anything can be profitable the issue is if we can somehow replicate this process to make it to rely on our skill instead of our luck and unfortunately this cannot be done, people are just gambling with their money by investing in those coins, and if they were going to gamble their money away they might as well just gamble directly in a casino, the odds to win will be better and they may have some fun in the process, unlike with what happens with those useless coins.

But some people like to jump on this kind of hype for the hope that they will get rich fast. However, very few meme coins/tokens will survive as most of them have empty foundation to begin with. Although people are still creating a lot of meme tokens, only few of them will make it in the market. So be careful in choosing meme project to invest with or better yet, not invest on them at all. Just stick to top projects with active use case.

you have your own risk management to in which project will involved or not. buying coin that build reall utility will make the coins value naturally growth not flash pump that common happen in shitproject. We've see many meme coins hardly pumped in market and hardly drop too so many traders rekt. We should not trapped in this condition due there are alot better quality in this market.

Jump into meme coin project is just like a gambling in cryptocurrency because meme coin doesn't have any future roadmap and don't have the purpose of the coin itself. People buy it also because they want to get a quick profit, so it will just an in and out game. If you can get in and the right time and get out in the right time you will get a quick profit but actually i hate it because it can make cryptocurrency image looks bad from other people eyes out there

It has been for a long time.
I don't know if the developers of that coin are either desperate to get some money or its their way to lure some newbie investor out there. Either way, it will remain as a shitcoin and it will always be :D.

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A quick search on google and this is the definition of a meme coin:

There has been a time where meme coins are really hyped. Coins such as Shiba Inu, Akita Inu and the like are ones that became popular but for a short amount of time only. Right now, I rarely hear some meme coins out there that is becoming popular because most of the time I only see this NFT tokens online. NFT based games are for me the popular right now and meme coins? Maybe they aren't that popular right now.

This is insane I see more meme coins launching everyday, just can't believe it, there is still market for this because these shitcoins are traded to my big surprise.

Of course super micro caps but still, I just can't believe there are people willing to spend even 1$ on this.

I have seen 7 presales in last 2 days, with DeFi it was easy but with meme coins this is super easy, they even don't have to pretend that this is something decent, no WP, nothing.

Crazy times we have now on crypto markets and looks like this mania keep growing everyday.

Elon Musk was not the first to pump Dogecoin. About a year ago, a challenge appeared in the TikTok service, offering everyone to buy coins in the amount of $25. According to the calculation, in the event of an increase in the price of Doge to $1, everyone should have received a profit of $10 thousand. And a year later, thanks to Elon Musk, when the price rose to 75 cents, those who bought Doge in the amount of $ 25 could sell coins for 7.5 thousand dollars.

Memecoin trend is still on and people keep putting their money in it. At sometime though, this memecoin trene is going to fade out and other trend will take the center of attention. I do not think any exchange or cryptocurrency related website can be blame for vetting. I have seen a situation where there is boldly written disclaimer about a certain coin and yet, people still invest!

What if they do it wrong ? what they get for novice investors who get carried away by hype season with minimal experience and little knowledge, meaning  just rely on luck as you said, I think coin meme are not good for long term investment even buy when price is still cheap

Yup, that’s just what we have moved into, this is their time. Since Dogecoin came to light there has been so many shitty coins that came along with it. Lots of scammers has been popping up here and there. I do see a lot of them with their funny names. I have even seen some that are named after Elon Musk during the time he was trending, just some really funny shitty coins that keeps coming out everyday and a lot of people have been falling for it.

Scammers are always taking advantage of times like this, when they see a trend they follow up with it and starts spamming the market with their traps and those who end up falling for it are scammed of their hard earned money which is very bad.

Precisely. Look at how the hype is slowing down and the investors are getting bored about it. They are just made for profits and average investors or small ones will not even feel it. Large investors like Elon Musk will be the ones swallowing all the profits from the small investors.
I'd rather stick with NFT's that is being supported by the mass and not by billionaires who are stressed out having troubles on how they will spend their money and playing around with little fish to rekt them.

Totally agree with you, is exactly what I think and what I also see on the market in last months.

Last few weeks this is like apogeum of this, meme coins with "funny" names with Elon or Doge incorporated in them are everywhere.

Of course majority of investors that are total newbies, also scammers that are orchestrating all these new presales are divided to old once that already made few meme coin and totally new once that are in crypto from the time of Doge pump and try to start their own.

What is funny many of this "developers" and "leiders" is happy with their past achievements and advertise these all newly launched projects as their proof of work, especially, if they pumped significantly after launch. Of course, now majority of them is already abandoned.

Pure pump and dump and all these meme coins are the biggest shitcoins I have ever seen. I had hard time to accept DeFi or NFTs but these projects at least has some decent roadmaps, teams, products, not all of them of course but many. Compared them to meme shitcoins then they are loaded with value.

As one experienced forum user, I'm sure you have a way of filtering which projects you should support and invest in. I also believe that you don't have to trust and support everything even if you have faith after doing the analysis. Shitcoin can be found anywhere and anytime even they keep flooding the market at a price of $0.0000000 (don't know exactly how many more 0 I should write) but we should ignore them and don't be attracted by pump and dump.

I think you should read all my comments in this thread also OP because you clearly understood me wrong.

I am not interested in meme coins at all and wonder how is this possible that so many of them are pumped and even alive for some time with supporting communities.

This is what makes me really surprised, that people learned totally nothing from Doge and still hope that every other meme shitcoin will do he same.

I researched this topic a bit deeper and checked how many new meme coins was started only in last 2 months, I was able to find 80 and am sure that I missed many on chains I haven't checked because it was only on ETH and BSC, and we have many other active chains already like Tron where they pop up like crazy too.

this what we talk and wonder here, nobody talks about buying them or advertise meme coins, quite the opposite.

A mistake I think can still be corrected, but if the fault was with the meme coin, it would be very silly and irreparable because anything to do with the meme coin, it will all end when the meme coin holders simply throw it on the market.

I consider all coins that are making fun of something or are rather meant to be a joke a meme coin. The weird thing is that if a big name gets behind it (like was the case with Musk and Dogecoin), these meme coins can seriously start flying. Shiba was another example, but those particular trends come to an end at some point. However, topics that are suitable for meme coins will be there forever. It could be about politicians, animals or maybe even soccer players who behave bad. They are almost always just for pump and dump though.

I think the peak of "Meme coin" mania coincided with the peak of Bitcoin (naturally) and was also around the time of the Gamestock short squeeze. That tells me that a lot of people, probably many from the USA, had a lot of cash available to spend. It is unsurprising really because people are always looking for a shortcut to wealth and Covid created a very bizarre distribution. You either had people who were really struggling because their jobs vanished (but they still got some stimulus) and you also had people who continued working all the way through, with less places available to spend their cash (like on holidays or cars) - that were eager to take a chance on these mysterious new crazes that made people very rich if they timed it right.

And that's bound to happen, those holders doesn't have anything in their minds but to dump it as soon as they've seen that it's already profit on their end.
There's no need for them to hold it for a longer time if there's already enough profit that they've got with those meme coins that they hold.

Not all are focus on raising huge fund. Their are some with soft cap of 50 bnb and all well hype and still on coin gecko with low trading volume. While some are legit and trying everything to make awareness to people but the major set back of this tokens are fast profits. The moment presale investors cashout their money, they move next to the next project and the circle continues except with the NFT Airdrops that keep some and also farming as well.

Maybe.Because we know that many new meme coins are created and attracted so many newbies especially.There are high FOMO in this kind of memecoins. But as we know, only very limited meme coins are going to succeed. But inf act, it is only a hype coin where it will not last or survive for the long term. many are fallen and now it is time for the game or nft coins. I personally never interested in meme coins

We have to be smart, we need to ride with the hype but cautiously if we want to gain from short term investment, actually we can maximize profit with the hype coin as it will easily attract newbies just like they are getting FOMO to invest. Trend changes from time to time for new coins, but the old coins like Binance and ETH, will stay consistent, so make sure your biggest portfolio goes with them.

Don't say maybe, we are not memecoin mania lol, someone will become memecoin mania when already invested in it, and unfortunately if we look at the facts, only beginners like memecoin.
Like Dogecoin, I don't invest in it and never buy it at all even though the hype is very high, I'm sure a lot of old players are like me because memecoin is just a coin for fun not for long term investment.
Memecoin will be the same as the trend in previous cryptocurrencies such as ICO or Privacycoin trend, only some will survive and others will become scams because they are abandoned by developers.

I agree with you on this, well written, I wish I had merits to reward you, hope some merit sources will read it.

This so true this hall craziness with corona, stimulus and money printing for sure helped to pump BTC to 65K

Of course we need to remember that USA is not hall world and there are countries with smaller pockets and there a lot of people struggle because they got not enough support when lost their jobs or need to stay at home because of pandemic.

Still, I can't find one reason to invest in all these meme shitcoins, and keep wondering how big this market is if they keep popping up like crazy, these only shows that they close successful presales and pump them later, then repeat the process with another, much better meme coin  ;) ;D

NFT is more potential than Meme coins because people always using them especially when they have lots of players in the game. where the game economy is alive and the players are more crowded. Meme coins are nothing but a scary pump to dump coin where we see most of them in the past are not worth investing right now since they are already being ignored for most of them are really useless and have nothing to do with it. If you will see the NFT token right now, you will understand how they grow up after years of existence because the players of the games are increasing every day and day will buy those tokens from the start.

meme coin really only relies on hype and the power of the community and influencers to get pumps. it's for a quick profit and then a dump, with no obvious real function, meme coins won't last very long, as you say, and it's really only influenced by the hype. it would be great if you were a dev who innovated to combine them so that they have more real functionality.
on the other hand, NFT has a clear function and purpose, this will be a pretty good trend one day. moreover, it can involve more people, involve more niches, although currently the most prominent is from the game.

And you are doing the right thing, people are getting too excited about those coins when truth to be told there is no way for those coins to become successful over the long term, maybe you can make money with those coins by speculating with them but taking into account how easy it is to create those coins and how many of those coins we have already you are basically gambling at that point and not investing, and gambling and investing are really different activities and yet it seems that people do not really understand the difference.

People should really be aware on that risk that whenever there's a hype then it would be expected that there would be projects that do pop out into the market and would join up the craze
because they do know that they can possibly get some potential investor or buyer on whats the current trend example which is meme coin where most people would be finding or seeking
out other projects which they do saw that could have potential to rise up but honestly they arent really giving out some significant changes or uses or utility which makes them more
special compared to the original one and thats Dogecoin.When it comes to trend then it is gradually been over as of now.

The meme coins got it attention because of the constant shilling by Elon Musk and now there are many meme coins in the market that gained momentum and new meme coins are coming out and new users are jumping into the market expecting they could make money with every new meme coins that are launched.

I am still trying to wrap my head in this craze, yes i have seen games being launched and with time we might see more NFT games that are really interesting to play but the concept is great but i am not sure why you would spend thousands of dollars of digital arts is still beyond my understanding.

Meme coin mania is a indicator of how people are inconsequential with their money. Instead of investing in something worthful they play with their money putting it in coins which don't have any real value, just for kidding. It looks like they don't worry about their money at all. Unfortunatelly many investors who can't waste money follow these hypes and end losing funds they couldn't afford to lose.
In my opinion this kind of investment should be avoided, since it is just an upgraded version of old ponzi schemes.

Yeah we are into it now. I am seeing projects emerging having the name dog species and same purpose as Doge. Some are even trying to be DeFi in their vision and having that the same tax distribution where if you hold more, you'll earn more.
This is probably because of what Elon has started. Shilling meme and now people wants to create one.

Meme coin is just a quick hype because people want to gamble their luck into a quick profits. It's different from NFT i think, NFT is a really good technology environtment which if combined with games is really make a powerful and valuable platform. If we look at Axie, it's not just a hype but there are also strategy to play the game and make money from it. So i think in the future there will be many new NFT games that will popular on the market

Nowadays, most people come to the crypto market to make big and fast profits. and now the meme project is their choice. because with good hype there is the hope of growing investment quickly than with top market assets which may take quite a while to gain the best market momentum.

Hype is over now in meme coins, alot meme project now dying and replace by NFT gaming project. only Doge coins so far that could survive and maintain price above 0,1$ meanwhile other project drop hardly and hard to recovery due  money switch from meme to nft . meme coins have no utility and investors use it speculate for gaining huge profits in short term.

it all depends on how the community continues to believe in trading the meme coin.
many are making new trends this year. more and more hype from the meme project. but many also came later disappeared from the market.
this year seems to be a topic for DeFi, NFT, and the MEME Project.

Not sure how long these DeFi trend last as there are a ton of shit projects in the market and we will see what happens when the market starts its major correction and what all projects will last the test of time. NFT is attracting a different audience altogether who likes to collect art.

You cannot count out Dogecoin because they are accepted in almost all of the gambling sites and the fundamental is the same like the rest of the coins and the only difference is that these coins will be having a huge number of coins in circulation and Elon Musk made a trend out of these meme coins and many of the meme coins rallied over 1000% in the past few months.

Sometimes those who create meme coins just take advantage of the Dogecoin bullrun. And change the way investors think that their coins will also have good value in the future. We know the journey of Dogecoin is very long, and almost all previous platforms created mining for Dogecoin, the basic purpose for advertising Dogecoin.
But the current meme coin has either weathered the crisis well, or is it just relying on the recent crypto bull run.

I think we have reached the end of this discussion, I will close it now to avoid spam.

Thank you very much for all your answers, it was a pleasure to talk with you all.

Stay safe and don't invest in shitcoins, especially if you are newbie with no experience.

OK thread locked from now.