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A quick warning for those who needed them, be careful with projects that ends with the word .inu and nomics , right now investors are investing once again on projects mainly on hype and FOMO and developers are ready to take advantage of them, almost every new projects that listed on coinmarketcap ends with inu, small time now we will start seeing

Shakura inu
Kiba inu
Naruto inu Which I'm sure is coming
 ;D :D ;D ;D

Just know where you put your money not all these meme coins mean business

When there are more advanced meme coins like Dogecoin, then copy coins will also be born to take advantage of certain moments such as hype and trends, an example of this you can find in Babydoge.
After that when Shiba Inu gets a lot of good responses and amazing pumps, then a meme coin with a copy of this name will also be born as you have mentioned and all of them will trap everyone who starts to believe in him at this time.

I respect shiba inu token for one purpose and that's the team, honestly I've seen successful projects since 2020 that aren't that popular but as time goes on these projects brings insane profits to investors, the fact is you really can't tell which one has a serious team and which one isn't, it's just that meme coins are 💯 more dangerous

Some projects are bad for them. But is it right to believe that all projects will be bad? I don't think all projects will be bad for them. Currently Shiba Inu is pumping slowly. It has not gone down at all now. They have a good spread in the market. So it can be said that even if it is bad, not all projects are bad

Shiba is different and also the real doge killer to me but every projects after shiba are just here to catch cruise, yea it's possible that they can bring insane profits but I don't recommend for long term, if you buy such tokens watch them very closely and exit when you get profits

I agree with you, that there will be many projects that appear in the future, because we know that successful projects will have plagiarism on the current developing projects, so we'll see how long the project will run, will it be a future project or not. only solely to seek profit solely from the money of the investors..

There are too many meme coins on crypto market now, there is a new wave of hype that is why there are many scammers, who use this hype and launch their tokens to attract newbies. But we should be very careful in terms of new coins. We should investigate a web-site, documents, partnership, a development team and it will be great if you can read smart-contracts.

Okay, shiba can be useful, but everyone knows that other meme tokens or cat, dog tokens do nothing but create fomo. In fact, it is beneficial for conscious investors, new investors for some reason always join the ecosystem to invest in such shit tokens and usually lose their money. The only difference between them is shiba and it has proven itself in this regard.

After the success of Shiba inu it is not surprising to see copy cat jumping out and using the inu name to gain recognition, Shiba inu according to an article I read has shibaswap audited by certik which means Shiba inu now has a use case and it is more than just a meme coin, and as for those copy cat inu, I would say be careful with them.

Well searching "Naruto Inu" led me in this page (https://etherscan.io/token/0x600ca5bbd286451ae94ae3efbe95b6d87754a0d9). Not sure why people think that these coins are worth losing your money for, but I am just curious on the reasoning.
I watch anime, but I was never fan of that anime lol. Doge and Shiba were the popular coins that I know that are meme, but I never expected that a lot will still follow.

It is really hard to keep track what is even happening or which projects with a great long term potential are launching soon with all those meme-coins that are coming out each and every day and that for at least a few months now. I was really hoping that the meme-coin wave would slow down or even die out when the market dropped quite heavily in the beginning of may, but somehow that trend just won't die. The reason for that is quite simple in my opinion. You don't really need to be a dev to launch a meme-project, you just create a ETH, BSC or Polygon token and give it a weird name and hope for the best. 99% of those meme-coins will be dead in a few months.

I would say those anime inu coins are not worth to invest because they are just a meme but the reality is different, the hype of those coins is really high and it could make one exchange listing a week (Big exchanges also). So my conclusion is, meme coins could make a lot of profits as long as we enter at the right time because when the hype is over, our investment could be consider as gone.

This kinda garbage will always follow when some coin is in the boom. Sometimes I feel like there is whole team is sitting around the corner who is continuously coding a token or coin once they find the parent coin is booming. Lolz. They would immediately start with their github development, make some non sense site with lucrative design, social media accounts with cheap budget followers and everything that can support it as amazing looking project.
You are completely right, they will also deceive the newbies with the same names either the whole or partial. It's such a stupid thing to do but these peeps know they have the ability to loot peeps so its like criminal warfare of crypto underworld. Funny and worst at the same time.

Thanks for the reminder but I'm not investing in those.

True.

Many of these meme coins came out and just were for the profit and we didn't expected that shiba could grow this a lot. Well, despite it's hot in the market, I've decided not to invest on it.

Hype began to surface again with the marked increase in Shiba Inu and all memecoin began to move showing a massive increase. Almost all promote various memecoin under the nicknames of their dogs.

Whether with a very large number of memecoin, of course it is difficult to identify which ones are truly profitable. Because the ups and downs of investors are quite volatile.

I dare not choose one memecoin. Too careless to enter when heavy rain will bring big currents. I'll be watching Shitcoins on the prowl.

Shiba isn't the only meme coin that passed certik, others like kishu inu, saitama and very few passed certik successfully, even kishu and saitama made it to gate.io, people just tend to like meme coins this time around simy because of doge coin success, I'd say enter and take advantage as well

Dogezilla meme coin just rugpull hours back lol, over 300 BNB are been sold by the scam artists leaving people at huge loss, this will serve as a lesson for all those desperately looking for where to invest their money without proper research

Don't know if you're fan of anime or not, but those project owners wanna take advantage of anime lovers as all those tokens are named from the characters name of "Naruto" anime. Not only this, there are also so many memecoins which used the main character's name of famous anime/manga. Also, those are just launched to grab money from the market and many of those projects already became scammed project. So don't believe into those, just put those amount which anyone can afford to lose.  ;)

Nice catch! This is exactly what OP is talking about, new scammy projects are popping out and people invest in them and lose money! Just because of the hype around, this time about meme coins!

Well, people who invest money without proper research risk a lot definitely, I don't believe they are aware of that, they will get a clue once everything is over! In the end, we all paid some school, looks like it's how things going!

The same on decentralized swap exchanges before. Honestly, not new to crypto. We have seen that many times. But yes, since there are always new on this game, they might easily be lured on those new projects because of its sounds legit as names are derived from popular ones.

But I trust most newbies today that they won't fall on that simple trick. Yes, there will always be someone that will be lured by it but at least, and I believed, that the whole percentage isn't that high.

A lot are deceived to spend their savings to this kind of project hoping that they will get good profits, if the token will suddenly pump.
So there are still a good number of crypto users who are lured into this venture.
Just like with SHIB, honestly, I don't know how this meme token will survive once the hype is over.
Good that it is listed in top exchanges like binance, but how long they can sustain its market?

Take profits and keep taking profits, there is nothing wrong investing in good meme coins just for the profits, I've made tons of profits from shiba inu than any other good projects with good utilities combine, get into the hype and get out early, that won't hurt

Well of course. It is just all hypes obviously and I am not sure why would some people expect something like that to be something for a long-term to root for. After that supposed "exchange listing", it is almost always just go dry overnight. I never made any attempt to join meme coins, as I am a long-term holder nor I care about those coins really if they get reported a lot in crypto news which is almost often when I tend to scroll down in Facebook.

Advanced like doge? Doge was a joke, it was literally made as a joke and it will always stay a joke as well. I do not think that there will be any situation at all where people will be able to understand how much of a joke it was and why it was created. At the time doge memes were a lot and people just memed about it, so some guy who just knew how to code ended up doing it in 2 hours (his own words) as literally a joke, like a meme, so that we would laugh for a while.

The fact that it is taken seriously right now is all because of Elon Musk, it was nothing before this, it was just something that we had fun and that's it. To think that doge is a better version of anything is just convincing yourself for your investment and nothing else. Don't get me wrong, shiba and all the others are still as bad as it gets, I would never spend a cent on them either, but just because the other memes are bad, doesn't change the fact that doge is a joke as well.

Right, as long as you know what you are doing and investing money that you can afford to lose then why not? The dangerous thing is that there are newbies who think they can just pour their money on a hype and meme coins and have a good profits in return. But that won't work if you don't know what meme coins you are going to invest.

Shiba right now is making huge profits for investors, specially those bagholders who enter early, but how about for those who enter the top? they might be trap and then lose their money and these newbies blame the crypto market itself.

The value of a memecoin is the value of their comunity, but a comunity that is basically there to make money will run when the going get tough ???

Thats an inevitable event I guess, since shiba is being pumped again and being one of the most hyped tokens in the current market. Surely another meme coins/tokens with similar names are expected going to pop up here and there once more time, I believe people should take their own research before investing in any coins not just following the and fomo.

You are very kind to call such people a developer, I guess deverobber is most the suit one for them. lol

Those projects that bring profit after time goes are the ones that are being actively developed and trying to bring something new to the crypto market. I doubt any of those new meme coins (shitcoins) will give you insane profit in the long run. Those coins are made for pumping and dumping. Ask why people are investing in those coins. They all are going to say that they are doing it for making some quick gains. Once the meme craze is over, I doubt any of those meme coins will survive.

This is the sole reason we are calling it a meme coin simply because it was created after the meme that was going on during that period but once it was launched it had a huge fan following and even the developers were surprised and for years it was quite until Elon Musk started pumping the coin and now things are changing but not sure how long as they reestablished the Dogecoin foundation and we might see some interesting things from them like sponsorship like they used to do in the past and so on.

 

if you are keen enough to analyze these projects, they are absolutely worthless projects, investors will never look into them but newcomers might be got tempted due to huge profit offerings.

But Shiba Inu is different ( it is out of your list) and that seems it was a legit project among those INU projects that you have mentioned. As this crypto market keeps growing, FOMO and all acts of creating fake projects would really have to exist that is why we should be careful and have to do searches before risking our money otherwise.

But does the Shiba Inu not have the potential to go down again in the near future? now it's not about how bad or good a project is, but about how many people like it so that it can give birth to another value in the eyes of everyone for each project.

Agreed and there are so many new inu tokens were coming to the market. Shiba inu was triggering scammers to issue scam tokens to be bought by crypto investors. There was also a coin called squid game that didn't let the investors to sell their tokens but they were able to buy it. People are so crazy these days to earn huge profit in a short time and they abandon how important the fundamental analysis right now. They must not forget it again. I hope that some people will be also thinking for twice before trying to buy such coin. So many scam tokens exist in the market right now. People are so crazy without think about the risk by investing in the meme token.

Let the people play the games they want to play - relax, dude :)
You won't save everybody here, on crypto market. By the way - all you gains here are someone's losses - did you think about this? :)

the scammer will set a lot of traps at the moment of meme token hot famous and make meme token with the developer so that cooperation is successful ,everyone will start analyzing and predicting prices then share it with several/family people and the results when it rise ,the scammer will dump the price ! be careful it's important because we didn't know that criminals might have a group and start their perfectly work planned ! this will bring up negative news that will corner crypto in the world ,we must not preserve and support waste projects

This is true. It's the same gimmick we saw when Dogecoin pumped, every new project picked the "dog(e)" tag. I saw a lot of them without teams, just shenanigans picking profile names on LinkedIn to plaster on their scam projects. It's the same way I see every other project that isn't Shiba but has the "inu" tag. The truth, regrettably, is that a lot of people like to pick those memetokens because they think with as little as $10 they can become millionaires over night once it hits $1 or $0.1 price. Can you beat that?

Since every big altcoins are sleeping in my wallets and meme coins are the only ones trending I don't mind risking some USD for quick gains, the rules is you must take profits as time goes on so you will have something to fall back on if things go wrong

You should remember that the trend will not last forever because a new trend will replace the existing trend and attract people's attention to invest in the new project. If you can know when to get out from the trend before it is over, you will not regret or be sad and even you can make a lot of money from the trend.

Shiba really gets attention from many people, including investors who spend some money to buy and hold Shiba at a low price. And now, they are making a lot of money by selling their Shiba, while I am sure they still have more Shiba and wait for another increased time to sell the rest of Shiba.

well, you missed the Goku Inu (https://twitter.com/officialgokuinu), Charizard Inu (https://twitter.com/CharizardInu), Saitama inu (https://twitter.com/InuSaitama)  LOL
i will never invest my money in any meme tokens. most of them didn't have any goals, whitepaper or roadmap. like the others said, "it's a trap". they posted very similar thing on their social media.

Most of these meme coins are spin-offs of Dogecoin, popularized by influencers and celebrities through posts on social media.
And most coin memes don't have a use case, in fact, some of them were just created as a way to make quick money, pump and dump

The coin that originally started as a joke, doesn't seem funny anymore :-X

When a craze like this is happening, there will be con-artists out there that will create a new coin that is almost the same name as the coin that is booming and after few weeks to months they will just get the money and walk away like nothing happened.

To all, nobody is saying that you don't need to invest into these meme coins because after all its your own money. Just invest what you can afford to lose especially into these meme coins that no use case at all. If you are just investing base on emotions and hype, better not to invest at all because it is the riskiest form of investing (investing using emotions).

The purpose of the new meme coin at this point is for pump and dump only because its main purpose is just that and nothing else so many don't dare to go into meme coin and also many don't like it for future assets.

That's because there's money to be made in these meme coins, that is if you are an early bird and you know when to exit in these pumps and dump meme coins, I never invested in these meme coins after what happened to Dogecoin the first meme coin in the community and because of the huge profit made by investors, developers take this opportunity to offer more meme coin in the market for a quick profit, these meme coins are just a fad there's no guaranty that you will make profit in the long term.

https://i.ibb.co/4J6rdfh/photo-2021-10-30-23-04-16.jpg (https://ibb.co/pntFyPY)
https://cryptorank.io/

https://twitter.com/MorningBrew/status/1453445533754855433
"This wallet bought roughly $8,000 of $SHIB last August.

It's now worth $5.7 billion. 

From $8,000 to $5.7 billion in roughly 400 days. "

Who do you think makes millions of dollars? Investors in Meme Coins or their Developers Meme Coins?

These early investors are the sure winners, the hype is present and pretty much felt, these inu supporters are definitely all-in on these memecoins, but the question is for how long will this actually take place? will the hype be long enough to actually keep these memecoins alive? especially SHIB?

I think of course the developer, knows better the condition of his coin, the easiest thing is to look at the number of holders and the largest percentage of coin owners, if there is 1 owner who has a balance of more than 30% then we deserve to be wary because they can pump or dump in a short time. Of course this is a trend that is happening in the market and we can't blame it.

The presence of a large number of coins held by developers allows you to maintain the price of the coin. But no one knows what plans the developers have. It is possible that the price has reached the planned value and in this case we can expect that large holders will sell their coins little by little to prevent a dump. But if someone decides to sell their coins quickly, then the pump cannot be avoided.