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Alternate cryptocurrencies => Altcoin Discussion => Topic started by: Andrik Viate on June 02, 2022, 08:45:40 AM



Title: Can anyone explain what is the value of meme coins?
Post by: Andrik Viate on June 02, 2022, 08:45:40 AM
I am confused that there are meme coins whose prices are sky rocketing but I dont see any real value these meme coins are providing


Title: Re: Can anyone explain what is the value of meme coins?
Post by: Upgrade00 on June 02, 2022, 09:24:05 AM
Hype and trends can replace actual utility in the market value.

Investors, especially inexperienced ones which make up the bulk, FOMO into assets when hype goes up. It's a rat race to get in and get a share while the hype exists, this surge in demand increases the perceived value and results in the sky rocketing prices.

Hype can last for a short time, or a much longer one as we can see with meme coins like doge and Shiba. I can't particularly explain why they have lasted this long.

Note, I'm not saying all who invest in hype are naive investors as there is potential for ROI in there, and with a calculated risk one can profit from them.


Title: Re: Can anyone explain what is the value of meme coins?
Post by: noorman0 on June 02, 2022, 09:52:26 AM
It is nothing but an indirect form of gambling integrated in token form without a centralized bookie/house edge. Their only continuation lies in the loyalty of the community, but basically you are competing with each other. When you buy it, it's just like you bet against a lot of people with the same hope that you won't be the last person to get stuck in the dump.


Title: Re: Can anyone explain what is the value of meme coins?
Post by: Godday on June 02, 2022, 10:04:21 AM
I see for meme coin is a gamble.  What I mean is that meme coins are basically coins that are just a joke.  They have no value.  What counts on meme coins is the trend and hype that is going on with the coins.  Just like some of the meme coins that went from being just a coin with no value to being on par with the top coins in the crypto market.


Title: Re: Can anyone explain what is the value of meme coins?
Post by: Bankless-gypsy on June 02, 2022, 10:11:37 AM
Since Elon Musk  ;D began promoting Dogecoin, meme-coins have surged in popularity, particularly the cryptocurrencies Shibu Inu and Safemoon. Some see investing in memecoins as madness, while others see them as an opportunity to get rich quickly, earning up to 1000% of the investment. For example, in May 2021, Mark Zuckerberg, CEO of Facebook, posted a photo of his pet goats with the caption "My Goats: Max and Bitcoin. And just hours after that post was published on the social network, the value of the meme-token Aqua Goat ("water goat") went up about 300%. According to price aggregator CoinMarketCap, the three most popular meme-coins are Dogecoin, Shibu Inu and Safemoon (as of June 2021).

Are they worth investing?   ::) Don`t think so.


Title: Re: Can anyone explain what is the value of meme coins?
Post by: Mosharafhh on June 02, 2022, 10:18:11 AM
Its have no value its made for only joke and sometimes its got market high because of some influencer work behind this coin.but its have no actual usecases but its possible to add usecases in future like any payment method or any types of gambling, nft then it will more perfect for holders!


Title: Re: Can anyone explain what is the value of meme coins?
Post by: bakasabo on June 02, 2022, 10:36:45 AM
The value of meme coins is determined by the amount buyer is ready to pay. If someone is ready to pay for air, then why not sell it to him? If the this buyer already have another person to buy it, then why not supply him with worthless coins? As long as there is a demand, there will be a supply. Value of meme coins is a chain reaction with buyers and resellers, where greed conducts everything.


Title: Re: Can anyone explain what is the value of meme coins?
Post by: bittick on June 02, 2022, 10:47:29 AM
I am confused that there are meme coins whose prices are sky rocketing but I dont see any real value these meme coins are providing
You're right if it doesn't have any value. The correct thing is if it meme token was only getting its value from the speculation by traders and the whales. The real value of meme token is not even exist. This token being created as a joke token that has no value. People are so dumb by consider the meme token as long term investment which is a very bad thing for sure. Im sure that if you will be seeing so many meme tokens dead in the market.
This proves that meme token was only for a speculation only


Title: Re: Can anyone explain what is the value of meme coins?
Post by: cryptomaniac_xxx on June 02, 2022, 11:00:41 AM
I am confused that there are meme coins whose prices are sky rocketing but I dont see any real value these meme coins are providing

As you have said, they are just meme coins, influence by people such as Elon Musk or the social media itself, in short just pure hype nothing more nothing less.

And so you are correct, they don't offer real usage, that's why it's very dangerous to invest on them because they are being used for pump and dump scheme. Of course you can ride on them, but nevertheless, the price will not go on a parabolic rise. And sooner or later it will go down hard.


Title: Re: Can anyone explain what is the value of meme coins?
Post by: avikz on June 02, 2022, 11:23:49 AM
I am confused that there are meme coins whose prices are sky rocketing but I dont see any real value these meme coins are providing

Congratulations! You sound mature! Memecoins and NFTs are both two sides of a coin which doesn't have any value. That's why you will see thousands of memecoins are getting added in Pancakeswap every month but disappears after a short while. The creator of those coins launch it and let it get traded, once the price is at ATH, they sell of their holdings and exit the market.

So stay away from NFTs and memecoins at all costs!


Title: Re: Can anyone explain what is the value of meme coins?
Post by: Maus0728 on June 02, 2022, 11:34:37 AM
Similar to funny images, text, videos, GIF or any other kinds of format that is being distributed all over the internet, meme coins follows the same concept but on steroids due to some endorsement/shilling made by celebrities/billionaires in the industry that makes them popular and vulnerable to hype.

In other words, their value is driven by popularity and not by a sensible use case.


Title: Re: Can anyone explain what is the value of meme coins?
Post by: youdacapt on June 02, 2022, 11:47:24 AM
I am confused that there are meme coins whose prices are sky rocketing but I dont see any real value these meme coins are providing

Meme coins means different things to separate investors and you need to discover the niche with which you want to invest into. Meme coins are good tokens, they have their separate use case, some have auto staking, some share token or busd rewards while some are just there surviving on just hypes. As an investor, you should find out and know when to buy and take profits if you want to try meme tokens trade


Title: Re: Can anyone explain what is the value of meme coins?
Post by: asriloni on June 02, 2022, 12:18:45 PM
I am confused that there are meme coins whose prices are sky rocketing
That shit token already manipulated by the whales. That's not even worth to consider this kind of token as investment for long term. Sometime the skyrocketing in the price of meme token due to the whale pump and FOMO.
People are following FOMO and they were buying the shit token massively.


but I dont see any real value these meme coins are providing
You got the point mate. People are using it as a money machine generator. These days there are bunch of people wanna get instant profit and they were following the pump that happened with the meme token to get some money instantly.

that's why we have called that as a shit token that has no usability.


Title: Re: Can anyone explain what is the value of meme coins?
Post by: Accardo on June 02, 2022, 12:54:26 PM
The value of memecoins are nothing compared to coins with use cases or attached to the blockchain network. The moment memecoins gets attached to the blockchain it'll have a value and investors will see more reasons to hold them but, this means nothing to a fresh investors who joined the cryptocurrency market because of memecoins.

An investor that got introduced to cryptocurrency by a dogecoin hodler will definitely buy Doge. You see why the price is rising? The market that attracts more investors will definitely grow. Currently Doge is trading at over $100million daily and the 13 largest cryptocurrency according to coinmarketcap.

Everyone accuse memecoin to be a joke coin and jokes don't stay forever, but, through entertainers potential investors can be brought into cryptocurrency. Most people knew cryptocurrency because of memecoins.

Regardless of their failure to make profits using memecoins, they now have a platform to start their cryptocurrency journey and move it forward. Experience they say is the best teacher. So, memecoins rise in price because their jokes attracts more investors into cryptocurrency.


Title: Re: Can anyone explain what is the value of meme coins?
Post by: Wexnident on June 02, 2022, 12:58:01 PM
Hype. That's it. It may seem odd, or weird, but that's how the market goes. And investors with a lot of money can basically use that hype to well, hype it more up so that they can profit in the end by baiting new investors. It's basically a manipulation of the entire market of that certain coin imo, and honestly even if new investors realize that it's full of hype, it is a fact that they can make profit off of it if they were able to enter early on. Now the hard thing is figuring out that "early" part since really, most of the time they're already too late.


Title: Re: Can anyone explain what is the value of meme coins?
Post by: JeffBrad12 on June 02, 2022, 02:06:27 PM
Meme token has no value. People are buying on the speculation. Small traders are using this token as a way to get easy money. People were not buying any token but they were only buying the speculation if the token will give them money. It can be said that if those are wasting their money to buy the scam token like meme token. Doge coin and shiba inu were different case. Thousands of meme tokens gone as the bearish market has come.
So, you shall not be surprised to see that. We are in the speculation market. Even token that worth nothing can be speculated if that will worth something.


Title: Re: Can anyone explain what is the value of meme coins?
Post by: TheUltraElite on June 02, 2022, 02:20:57 PM
I am confused that there are meme coins whose prices are sky rocketing but I dont see any real value these meme coins are providing
Memecoins are as good as memes. They have their time of being viral and then die out gradually only to have small spikes of activity in future. Same memecoins are hyped assets that have gained value from excessive buying that some shill groups have done. Hence if you own any of such coins, just sell them at an inflated price and cash out, dont hold from for too long. In case you never got any, refrain from making a new investment in your portfolio.

Truely, they have no value, but if someone keeps buying at higher price and someone keeps selling at higher prices, it seems as though the trading base is active, while in reality it is not much in development or long term value.


Title: Re: Can anyone explain what is the value of meme coins?
Post by: Anonylz on June 02, 2022, 02:26:41 PM
Just like the name imply, meme coins are fun coins that have no strong utility to back them for long term sustainability. meme coins or project are mostly short term investment (if you get lucky you can make a huge sum withing a short period) but they are not for long term investment.
@op if you consider investing in any of the meme coins available in the market, remember they are for short term and anything can happen with the project and you may end up losing your investment.


Title: Re: Can anyone explain what is the value of meme coins?
Post by: Crypt0Gore on June 02, 2022, 02:27:06 PM
I am confused that there are meme coins whose prices are sky rocketing but I dont see any real value these meme coins are providing
Are you sure you've looked into the popular meme coins? There are a few that have good utility for example Shiba Inu and Doge dash, and I want to remind you that projects with good utilities do fail as well, for example Luna, if we are talking about gamble then everything crypto is a gamble.


Title: Re: Can anyone explain what is the value of meme coins?
Post by: Jackl87 on June 02, 2022, 02:30:28 PM
I am confused that there are meme coins whose prices are sky rocketing but I dont see any real value these meme coins are providing

Well i can only say that i have the same opinion about meme-coins as you. They don't really have a real use-case and they don't offer any functionality for their users. That is also a reason why a lot of people call them shit-coins. The reason why a lot of those shit-coins showed such a good price performance was pretty simple and also pretty ridiculous to be honest. Elon Musk made a tweet about Dogecoin a few months ago and that was enough to make the price of Dogecoin itself rise significantly it also was the reason why the wave of second generation meme-coins started a few months ago. During the peak of the meme-coin craze there were like hundreds of new meme-coins appearing every week and 99% percent of them were dead again after a few days.
Thank god the meme-coin hype is over.


Title: Re: Can anyone explain what is the value of meme coins?
Post by: tvplus006 on June 02, 2022, 02:31:26 PM
I am confused that there are meme coins whose prices are sky rocketing but I dont see any real value these meme coins are providing

The main value of meme coins is that it has no value) It should be remembered that the main goal of meme coins is to get a quick profit for its organizers by pump & dump. But at the same time, not every meme coin can be subject to a pump & dump cycle, since this requires a large investor or a public person capable of providing this.


Title: Re: Can anyone explain what is the value of meme coins?
Post by: crwth on June 02, 2022, 02:40:07 PM
Based on the name itself, you shouldn't expect anything from it because it's just going to make you feel worthless once you get in. Mostly, people who invest in it are ready to lose it all and it's going to be considered as a "very risky move" that would make you question every thing that you have. Knowing that you are not going to be correct all the time during selection of the coins that you will have. Hopefully, you would get the right one, but that's still going to be tricky.

The value that it gets is always going to be based on what people decides it should have. When it sky rockets because it becomes viral and with that in mind, it's going to go down for soon enough. So decide whether you want a quick buck or maybe feel the heat or something.


Title: Re: Can anyone explain what is the value of meme coins?
Post by: rhomelmabini on June 02, 2022, 02:47:45 PM
I am confused that there are meme coins whose prices are sky rocketing but I dont see any real value these meme coins are providing
Anyone can disagree with this but I think a meme is a meme that has value especially to entertain something. We're in a bear market and if you see goblin town art, it represents meme and that's where value may be derived from, it was minted for free and it has 5 eth floor now. Isn't that laughable, isn't that meme? Tell me if that wouldn't have any intrinsic value. Yeah, we're too attached to the intangible value in this space (financial value).

Don't fret if they do skyrocket, most of these meme coins will gone, maybe 95% of it. It has short term valuation in this space, just don't get caught up in it.


Title: Re: Can anyone explain what is the value of meme coins?
Post by: Jaered on June 02, 2022, 02:51:10 PM
Hype,my friend,hype. That word pretty much helps most of crypto projects. Dogecoin,for example,got hyped into a utility coin,so yes hype has its merits too since it propels a particular coin or token into the attention of the high and mighty like Elon Musk


Title: Re: Can anyone explain what is the value of meme coins?
Post by: asyakashi on June 02, 2022, 03:05:14 PM
it happened because of the high interest of that meme community. In cryptocurrency I think hype is very easy to create, some short-term events create high price increase opportunities such as listing exchange, mainnet, partner, burn etc. But burn is the most preferred, besides that the reason why coin memes are so popular is that the price is cheap when it goes up small from fair trading, the profit is more.


Title: Re: Can anyone explain what is the value of meme coins?
Post by: popeye95 on June 02, 2022, 03:13:27 PM
No traditional crypto value but exist purely of people's greed. Most people hold meme coins because they thought it was being a meme that is popular enough to attract more gullible people into buying it at a higher price. Heck, a lot of cryptos out there weren't meme coins but are still bound and operate by this rule too.


Title: Re: Can anyone explain what is the value of meme coins?
Post by: masterrex on June 02, 2022, 03:13:30 PM
I am confused that there are meme coins whose prices are sky rocketing but I dont see any real value these meme coins are providing

Based on your questions, I think you must familiarize the crypto market first regarding how it works, and behave because if you already know how this industry works, you can easily get an idea, of why even the meme coins prices have been skyrocketed besides it has no real-world uses cases that can drive a future demand of its token.

Anyway back to your question, In reality, I believe that the meme coins are just driven by hype and FOMO, and it's all temporal thats why it will not last long, But on the other circumstances If the meme coin has been back by a large community including whales, I think it's been another story, but it doesn't mean that the project is all good and have potential, don't forget that the meme coins still a meme coin and it will remain as it is no matter how high the price they are already achieved.


Title: Re: Can anyone explain what is the value of meme coins?
Post by: pawanjain on June 02, 2022, 03:19:44 PM
I am confused that there are meme coins whose prices are sky rocketing but I dont see any real value these meme coins are providing

Those meme coins are skyrocketing because of the fake hype that is being created by the developers and the supporters.
Everybody wants to make a quick profit out of those meme coins and thus the hype around them.
In the long run all of those meme coins will get dumped and basically there's no intrinsic value to them.


Title: Re: Can anyone explain what is the value of meme coins?
Post by: Silberman on June 02, 2022, 04:19:47 PM
I am confused that there are meme coins whose prices are sky rocketing but I dont see any real value these meme coins are providing
It is nice that you can distinguish between price and value, the price of meme coins is high just because people like to speculate with them, and since that is the case the only utility of those coins is for a bunch of traders to outsmart another group of traders and earn money that way, however in terms of value those coins are worth zero, and anything with a value of zero will have its price eventually reach that value as well, so stay away from those coins as they are not worth your time.


Title: Re: Can anyone explain what is the value of meme coins?
Post by: TribalBob on June 02, 2022, 04:40:27 PM
meme coins only rely on hype and fomo for a moment, they can reach the highest price of 2-10x even more but will disappear and fade after their hype is gone, so if you are going to enter the meme coin.  just get 25% profit from the initial capital, don't be too high set profit because you can regret


Title: Re: Can anyone explain what is the value of meme coins?
Post by: hichamito37 on June 02, 2022, 04:45:23 PM
I am confused that there are meme coins whose prices are sky rocketing but I dont see any real value these meme coins are providing
Are you sure you've looked into the popular meme coins? There are a few that have good utility for example Shiba Inu and Doge dash, and I want to remind you that projects with good utilities do fail as well, for example Luna, if we are talking about gamble then everything crypto is a gamble.

It's all gambling, nothing is 100% safe in crypto. But investing in meme projects is more risky when you try to invest in potential projects. What happened to Luna was actually quite unexpected and no one could have predicted it but the death of most memecoins is something almost everyone knows in advance.


Title: Re: Can anyone explain what is the value of meme coins?
Post by: MidNite36 on June 02, 2022, 05:19:54 PM
Meme coins are MEME coin, like the name said, they practice what they preach, doge coin is a good example and it's been alive since the old days of bitcoin, I don't call meme coins a shitcoin like many others but we have bad actors amongst us using any form of utility that's presently trending in the market against those new investors that know too less.


Title: Re: Can anyone explain what is the value of meme coins?
Post by: Rengga Jati on June 02, 2022, 05:36:11 PM
I am confused that there are meme coins whose prices are sky rocketing but I dont see any real value these meme coins are providing
As its name, meme, it may be only a symbol but only among the community, but I also don't know what kind of community they are haha. And the community was raised by the hype and FOMO. many more people who are invited because of the hype, will come to the community and make the meme coins skyrocketing. But, let's see how long the meme coin skyrocket will run or will fly. And let's see how the price will drop to the down.
I remembered when at first Dogecoin was skyrocketing at the time, many people were rich very soon. And this makes so many people create more and more similar meme coins. And unfortunately, many people are triggered to believe in those shit meme coins because they hope that they can be rich very soon like previously.


Title: Re: Can anyone explain what is the value of meme coins?
Post by: nimogsm on June 02, 2022, 06:57:16 PM
Most often, memes appear at a particular event.Recall the same Will Smith and his slap in the face on the same day, a meme token appeared and it lasted a little more than a week.As always, only the developers turned out to be in a good plus, nothing new.meme tokens, as well as NFT, have no value other than HYPE around.


Title: Re: Can anyone explain what is the value of meme coins?
Post by: BIT-BENDER on June 02, 2022, 07:12:15 PM
Value in what aspects, the fact that some project manipulators create a coin and gives it a fake value or usage doesn’t make it valuable, well sometimes I see beyond crypto being a tool, Memecoin was even probably not going to be a thing not until Elon musk but he interest and influence on Dogecoin ever since then memecoin had been blown up many ripping of it especially shiba inu, but in reality if you checking for the real value of Memecoin I doubt if there is any solid one.


Title: Re: Can anyone explain what is the value of meme coins?
Post by: serjent05 on June 02, 2022, 07:30:33 PM
I am confused that there are meme coins whose prices are sky rocketing but I dont see any real value these meme coins are providing

Meme coins are a highly speculative investment, so many investors are jumping in hoping that their investment will grow 100x to 1000x in a short span of time.  With this kind of hype, demand flocks in increasing the price of the coins.  We all know the price or value of any coin is strongly driven by the law of supply and demand.  Following the logic of the stated law, the more people get excited over the Meme Coin the more funds come in thus creating a surging trend in the meme market.  In a speculative investment, the real value of the coins and even their use case is neglected.


Title: Re: Can anyone explain what is the value of meme coins?
Post by: Sanitough on June 02, 2022, 09:48:39 PM
I am confused that there are meme coins whose prices are sky rocketing but I dont see any real value these meme coins are providing
Their prices will sky rocket as they are easily hyped by those big whales or those high profile individuals like Elon Musk, but when the hype is gone, their prices will eventually drop again and some won't even recover at all. This happens because they have no real utility cases in the market and that there is no community that would need them for long, in short they are only useless coins that's why they find it hard to survive particularly when there is bear market.


Title: Re: Can anyone explain what is the value of meme coins?
Post by: fedelowe on June 02, 2022, 09:55:07 PM
I am confused that there are meme coins whose prices are sky rocketing but I dont see any real value these meme coins are providing
there is no value of this coins, you can just buy and sell them when its profitable but mostly meme coins is scam, so better don't even try it


Title: Re: Can anyone explain what is the value of meme coins?
Post by: bitkanu on June 02, 2022, 10:09:57 PM
meme coin for the most of part has no real underlying value, it's just this meme coin are being heavily used for manipulation, they main reason most of meme coin could go against the current trend of bearish is because manipulation itself.
moreover meme coin for the most of part also heavily driven by trend, like elon's shill and the likes.
so in short, it's just a coin with no real market, it's all just a game created by the ones that manipulated the market of these meme coin, it's better if you just invest in some ordinary coin since they have real underlying value.


Title: Re: Can anyone explain what is the value of meme coins?
Post by: isaac_clarke22 on June 02, 2022, 10:19:28 PM
I am confused that there are meme coins whose prices are sky rocketing but I dont see any real value these meme coins are providing
If you don't see any real values, where do you think these money came from and who do you think are those people willing to buy a lot of these? Of course those people who are really hyped up for these coins just because it is a meme.
Sometimes an internet culture should just stay in internet culture, smh


Title: Re: Can anyone explain what is the value of meme coins?
Post by: MiF on June 03, 2022, 04:02:41 AM
I am confused that there are meme coins whose prices are sky rocketing but I dont see any real value these meme coins are providing
If you invest in meme coin then you are investing in a very risky coin meme coin had no use case it depend on hype and the advertisement from the big names in crypto just like elon musk, investing in coin that has no use case is just like wasting time and money, however you can still invest on it in a very small capital and forget it on your wallet and if you are lucky on that meme coin then you can still earn on it if it will hype in the future, just like shiba inu and many meme coin on crypto.


Title: Re: Can anyone explain what is the value of meme coins?
Post by: BitDane on June 03, 2022, 04:37:30 AM
I am confused that there are meme coins whose prices are sky rocketing but I dont see any real value these meme coins are providing
there is no value of this coins, you can just buy and sell them when its profitable but mostly meme coins is scam, so better don't even try it

But to be able to buy them you need money for it. And we know money can represents value.  From the explanation of money,

Quote
Money is a commodity accepted by general consent as a medium of economic exchange. It is the medium in which prices and values are expressed. It circulates from person to person and country to country, facilitating trade, and it is the principal measure of wealth.

Once money is used on something it automatically procure value.  So meme coin that is trading has somehow value in it.  The value is dictated by the demand of people wanting to buy it.


Title: Re: Can anyone explain what is the value of meme coins?
Post by: ItsCrafty on June 03, 2022, 05:57:55 AM
I am confused that there are meme coins whose prices are sky rocketing but I dont see any real value these meme coins are providing
This is just whale accumulation and when some people buy it and hold for some time they rugpul the price. Memecoin is just like gamble but you should not be a long holder. I give you good profit in hours but very Risk that you will lose all.


Title: Re: Can anyone explain what is the value of meme coins?
Post by: cabron on June 03, 2022, 06:43:32 AM

Basically when you got into it the first, you are lucky to have a lot that a tiny increment of price you can already sell to get thousands of USD in profit. Some investors, even when its late enough to get into it  still buys their share hoping they could also make it.

Some memecoins take a big step to develop inorder for investors to come in again or buy back what they sold. Shiba Inu seem to be in this position already but its a flop.


Title: Re: Can anyone explain what is the value of meme coins?
Post by: TopT3ns on June 03, 2022, 08:04:29 AM
I am confused that there are meme coins whose prices are sky rocketing but I dont see any real value these meme coins are providing
meme coin in my opinion is not very profitable because they the developers created the meme coin just for fun so for you not to buy the wrong coin, you have to look at the project behind the token being developed so that from the analysis it can provide very clear information that the coin it makes a profit or not.


Title: Re: Can anyone explain what is the value of meme coins?
Post by: alisonwonder on June 03, 2022, 08:04:48 AM
This is just whale accumulation and when some people buy it and hold for some time they rugpul the price. Memecoin is just like gamble but you should not be a long holder. I give you good profit in hours but very Risk that you will lose all.
Buying meme coins is like betting for profit, because the meme coin market is no indication other than big news from people who have been influential, so now the Shib price is low and may be able to buy with low allocation for long term holding.


Title: Re: Can anyone explain what is the value of meme coins?
Post by: Little_Sister on June 03, 2022, 10:30:33 AM
meme coin in my opinion is not very profitable because they the developers created the meme coin just for fun so for you not to buy the wrong coin, you have to look at the project behind the token being developed so that from the analysis it can provide very clear information that the coin it makes a profit or not.
If associating with other meme coins would not be profitable as many other coin memes were created by scammers, now only coin memes survive in the market i.e. for Doge and Shib, but both have dropped in price with no price recovery apart from the impact of BTC price recovery.


Title: Re: Can anyone explain what is the value of meme coins?
Post by: dwminer1 on June 03, 2022, 12:49:00 PM
Most of them have no real value and their value is caused by the hype of the community. Personally, I stay away from memecoins, but many people or P&D groups are interested in them, because you can still make good money from them. However, I believe that it would be better for the whole crypto world that such projects were treated at most as a toy or a curiosity.


Title: Re: Can anyone explain what is the value of meme coins?
Post by: RussianEnglishTranslation on June 03, 2022, 03:36:03 PM
I am confused that there are meme coins whose prices are sky rocketing but I dont see any real value these meme coins are providing
They aren't providing any value, especially when you compare them to projects like HBAR, which has google and banks on its governing board, and ICP, which is a blockchain that is able to host websites and gives those websites Web3 functionality. Your dog token can't do that.


Title: Re: Can anyone explain what is the value of meme coins?
Post by: Jody.Drummer on June 03, 2022, 03:44:05 PM
I am confused that there are meme coins whose prices are sky rocketing but I dont see any real value these meme coins are providing
Meme coins are synonymous with price manipulation, so don't be surprised if the price is easy to soar but easy to drop in a short period of time. Beginners are always attracted by crazy profits like this so they end up gambling, no longer called investing or trading. It's no wonder even unlocked liquidity just keeps you from taking profits. Therefore, avoid coin memes even if the temptation of big profits won't make you feel at all comfortable.


Title: Re: Can anyone explain what is the value of meme coins?
Post by: poodle63 on June 03, 2022, 10:37:11 PM

It's all gambling, nothing is 100% safe in crypto. But investing in meme projects is more risky when you try to invest in potential projects. What happened to Luna was actually quite unexpected and no one could have predicted it but the death of most memecoins is something almost everyone knows in advance.

to be fair here, memecoins and shitcoins in general are worse than gambling, just imagine investing thinking that it could give you a chance of multiplying your investment but as it turns out there is rugpulls that decrease your chance of having profit to literally zero chance.
That kind of thing isn't gambling, it's worse than that because its market manipulation where you literally have zero chance from the start but you just don't know it.
meme coins in general considered very volatile because it also has the chance of having massive rugpull and heavily manipulated so take that into account before investing in memecoins.


Title: Re: Can anyone explain what is the value of meme coins?
Post by: jossiel on June 04, 2022, 06:08:56 AM
It's been said that it's all about the hype that it brings.

Most of them have no real value and their value is caused by the hype of the community. Personally, I stay away from memecoins, but many people or P&D groups are interested in them, because you can still make good money from them. However, I believe that it would be better for the whole crypto world that such projects were treated at most as a toy or a curiosity.
I'm also staying away from them and the hype that they've made were all done. But the sad thing, there are still investors that have been stuck with that reality and also they're stuck with losses so they still hope for its comeback.

It's hard to move on if you've invested a lot and too late with it because you can't accept it.


Title: Re: Can anyone explain what is the value of meme coins?
Post by: Fakhrulenclix on June 04, 2022, 06:55:02 AM
I am confused that there are meme coins whose prices are sky rocketing but I dont see any real value these meme coins are providing
Meme coins are synonymous with price manipulation, so don't be surprised if the price is easy to soar but easy to drop in a short period of time. Beginners are always attracted by crazy profits like this so they end up gambling, no longer called investing or trading. It's no wonder even unlocked liquidity just keeps you from taking profits. Therefore, avoid coin memes even if the temptation of big profits won't make you feel at all comfortable.
the level of risk is too large, just like we gamble, usually beginners are interested because they are tempted by the benefits that will be obtained. yes I think it's better to avoid it because it's really not worth it. There is no greater hope in Memkoin than disappointment.
go and pick a top altcoin to take a bit more realistic profit i think than gambling on memcoins.


Title: Re: Can anyone explain what is the value of meme coins?
Post by: Silberman on June 05, 2022, 04:50:23 PM

It's all gambling, nothing is 100% safe in crypto. But investing in meme projects is more risky when you try to invest in potential projects. What happened to Luna was actually quite unexpected and no one could have predicted it but the death of most memecoins is something almost everyone knows in advance.

to be fair here, memecoins and shitcoins in general are worse than gambling, just imagine investing thinking that it could give you a chance of multiplying your investment but as it turns out there is rugpulls that decrease your chance of having profit to literally zero chance.
That kind of thing isn't gambling, it's worse than that because its market manipulation where you literally have zero chance from the start but you just don't know it.
meme coins in general considered very volatile because it also has the chance of having massive rugpull and heavily manipulated so take that into account before investing in memecoins.
This is completely correct, investing in meme coins is not like gambling, to begin with gambling should be done to get some fun and nothing more, while investment should be about the profits you can obtain regardless of the entertainment you can get, however meme coins are not really an investment as not a single one of them can keep existing as they have no good fundamentals, those coins literally exist just for the sake of existing, and something with those characteristics will sooner or later disappear.


Title: Re: Can anyone explain what is the value of meme coins?
Post by: Xal0lex on June 05, 2022, 08:24:32 PM
I am confused that there are meme coins whose prices are sky rocketing but I dont see any real value these meme coins are providing

Their value is in the hype and only, the prices are inflated due to the increased interest in the coin, usually at the expense of influencers and public people. For example, the value of Dogecoin is that this coin is advertised by Elon Musk, and the Shiba project was advertised on YouTube, and because of that there was a big hype. Without all the hype these coins would be worth 0 or close to that value. Though DOGE used to be very popular among arbitrage traders, who transferred money from one exchange to another using DOGE, because this project always had low commissions. But some utilitarianism didn't raise DOGE price anyway, but when this coin was advertised by Musk, the price went up at once. That's all the value, just at the expense of celebrity mentions.


Title: Re: Can anyone explain what is the value of meme coins?
Post by: bhooscream on June 05, 2022, 10:43:49 PM
The value?
Emm, I think it is to shake your heart, to train you control your emotion and physiology.
Because most meme coins are like that, sometimes they can make your heart so happy because of sudden profits. But mostly also they can make you lose your money and make you stressful over the time

So, that is what I think, it is to help you to have exercise on shaking your heart  ;D


Title: Re: Can anyone explain what is the value of meme coins?
Post by: Kelvinid on June 05, 2022, 10:51:30 PM
I am confused that there are meme coins whose prices are sky rocketing but I dont see any real value these meme coins are providing
If you are new (obviously) in the market, you will get surprised why these meme coins and shitcoins are having such a trend knowing of have no market value. And this is to explain how manipulation has been influenced by the market price, whales and the owners could hype and play tricks just to keep seeing the project is worth it because of the price. But behind this activity and surprising trend, you'll be careful as this will give you losses if you fall into their bait. A bull trap was it called and many have become a victim of this thing.


Title: Re: Can anyone explain what is the value of meme coins?
Post by: shinratensei_ on June 05, 2022, 11:10:15 PM
No value for meme token. A joke token being created for the joking purpose only. If you are seeing if meme token has value and that means if that's just a speculation price. people are not buying for the utility but they are only buying for the speculation from the meme token.
This can be used as a pump and dump token. People are jumping it and going out as soon as they have earned bunch of money from there. The losers will always be the last who can't jump out from there.
I meant you must need to see that how it can be a very bad thing to be used to used your money.


Title: Re: Can anyone explain what is the value of meme coins?
Post by: TelolettOm on June 05, 2022, 11:11:06 PM
I am confused that there are meme coins whose prices are sky rocketing but I dont see any real value these meme coins are providing
Only their supporter and their community actually know about this. Because they will always promote it to become hype to skyrocket the coin. But after that, I think also that they will not care again as long as they have gained the rofits.
So far, the meme coins are always related to the hype that is brought by certain influencers and also the community. They always say that their meme coins will become the killer of Doge coins. But when we are also asking about their value, they cannot explain it clearly.


Title: Re: Can anyone explain what is the value of meme coins?
Post by: Republikcoin.com on June 05, 2022, 11:25:05 PM
the level of risk is too large, just like we gamble, usually beginners are interested because they are tempted by the benefits that will be obtained. yes I think it's better to avoid it because it's really not worth it. There is no greater hope in Memkoin than disappointment.
go and pick a top altcoin to take a bit more realistic profit i think than gambling on memcoins.
Utilizing memecoin only for a moment in good market conditions, besides that I don't think it's necessary to keep looking at memecoin because the losses can be greater than the profits, actually it is very clear and beginners should also be able to see this and ask people -people who already understand memes or something else so they don't fall in the wrong circle.


Title: Re: Can anyone explain what is the value of meme coins?
Post by: Rabi3 on June 05, 2022, 11:35:41 PM
I am confused that there are meme coins whose prices are sky rocketing but I dont see any real value these meme coins are providing
they have no value, you got that right, most meme coins are made for pump and dump schemes and cannot be trusted, if you want to invest in one of them it's considered a gamble and probably even gambling in casinos is better, i hate the fact that they make crypto seem bad and people who jumped on some of them and got wrecked will hate crypto in general, Elon musk made the first sparkle with Doge and thing got crazy.


Title: Re: Can anyone explain what is the value of meme coins?
Post by: X-ray on June 06, 2022, 12:35:38 PM
The main purpose of meme token creation to be a joke token that basically being used for joking purpose only. The value was coming from the some greedy guys that wanna earn money from anywhere. They were starting to buy meme token and used it as pump and dump scheme but some time this has become a trap for the newbies. I remember when so many people being brain washed to invest in the garbage meme token like safemoon or dogelon. People were so dumb. They were even burning their own token.
This token has no value. Just another money grabber token.


Title: Re: Can anyone explain what is the value of meme coins?
Post by: TheUltraElite on June 06, 2022, 01:03:33 PM
Utilizing memecoin only for a moment in good market conditions, besides that I don't think it's necessary to keep looking at memecoin because the losses can be greater than the profits, actually it is very clear and beginners should also be able to see this and ask people -people who already understand memes or something else so they don't fall in the wrong circle.
People who understand memes and memecoins value have no proven correlation. The coins became popular because memes are also popular. But with time this importance decreases as other memes also come into the picture. Because DOGE had become big as a joke at one time does not mean another meme is going to be as big as it was.

It is therefore a high risk asset to put your money into and not recommended for long term holding. While individually a specific coin might be pretty big right now, you cannot guarantee that it will not go down into the dumps in the next few years but for bitcoin this can be said to a large extent.

Hence newbies should steer clear of memecoins and focus on bitcoin. Those who dont will see the consequences themselves in the upcoming years.


Title: Re: Can anyone explain what is the value of meme coins?
Post by: Rufsilf on June 06, 2022, 01:18:14 PM
I am confused that there are meme coins whose prices are sky rocketing but I dont see any real value these meme coins are providing
Don't get confused mate as these meme coins are created mostly useless, they haven't got a good market value but because of hypes and market manipulation influenced by these whales and project developers that is why we saw them in a huge spike that absolutely surprise us. You can't really imagine from $0.0000000xxx to $0.00xxx ( at least) as that was not what we expect from them honestly.

Well, some people got lucky as they perfectly ride the hypes but the majority are in regret while suffering losses.


Title: Re: Can anyone explain what is the value of meme coins?
Post by: RussianEnglishTranslation on June 06, 2022, 03:05:04 PM
Meme coins serve one major purpose, they bring new people into the space when they hear about elondogecoin going up 1000% and they want to get a piece of the pie. After a few hard knocks they start doing research and invest in real projects like HBAR and CNDL. I don't like how scammy these dog coin projects are, but I recognize that they will probably be around as long as crypto remains unregulated.


Title: Re: Can anyone explain what is the value of meme coins?
Post by: Silberman on June 09, 2022, 04:51:49 PM
I am confused that there are meme coins whose prices are sky rocketing but I dont see any real value these meme coins are providing
If you are new (obviously) in the market, you will get surprised why these meme coins and shitcoins are having such a trend knowing of have no market value. And this is to explain how manipulation has been influenced by the market price, whales and the owners could hype and play tricks just to keep seeing the project is worth it because of the price. But behind this activity and surprising trend, you'll be careful as this will give you losses if you fall into their bait. A bull trap was it called and many have become a victim of this thing.
While developers, whales and scammers are to blame for the existence of meme coins, at the same time we need to remember that if it was not for the people those coins would not exist, most people know that meme coins are not worth anything and despite this knowledge they still decide to invest in those coins, since they think they can make money in the markets anyway with those coins, it is because of this I do not recommend to ever invest in those coins because even if you were to get profits the risk you would had to take is simply too big to ignore.


Title: Re: Can anyone explain what is the value of meme coins?
Post by: Finestream on June 09, 2022, 11:22:52 PM
I am confused that there are meme coins whose prices are sky rocketing but I dont see any real value these meme coins are providing
That's part of their existence. Their prices will skyrocket once they are hyped or backed by big whales, but once they're gone, eventually their value drops again and some hardly recovers. These coins have no real value because they have no real use cases that the community is looking for. So this is why that even if they skyrocket somehow, they should not be given due importance. Otherwise, our money will only go into waste as their chances to survive in the market is very rare.



























Title: Re: Can anyone explain what is the value of meme coins?
Post by: nurilham on June 09, 2022, 11:45:37 PM
I am confused that there are meme coins whose prices are sky rocketing but I dont see any real value these meme coins are providing
Unfortunately I cannot see the value of this kind of meme coin. They only utilizes the hype of the projects to gain more investors, moreover through the community. Many people are promoting those shit meme coins. any teams are also creating shit meme projects after the rise up Doge coins. I think that now, the basic thing of creating meme coins are none, only hype,  utilizing the pump and dump to gain profits for themselves.


Title: Re: Can anyone explain what is the value of meme coins?
Post by: funteki on June 10, 2022, 12:48:16 AM
I am confused that there are meme coins whose prices are sky rocketing but I dont see any real value these meme coins are providing
Unfortunately I cannot see the value of this kind of meme coin. They only utilizes the hype of the projects to gain more investors, moreover through the community. Many people are promoting those shit meme coins. any teams are also creating shit meme projects after the rise up Doge coins. I think that now, the basic thing of creating meme coins are none, only hype,  utilizing the pump and dump to gain profits for themselves.
Exactly, meme coins is nothing than usual scam on small wave of scam, most of them pump in first 15 mins and dump in the next 15, they value nothing


Title: Re: Can anyone explain what is the value of meme coins?
Post by: lienfaye on June 10, 2022, 01:17:39 AM
I am confused that there are meme coins whose prices are sky rocketing but I dont see any real value these meme coins are providing
Because of hype, these meme coins became popular. Investors who dont have deep knowledge about crypto and like to earn in a short period (most of them are newbies) are investing in meme coins. It has value because of the people who create the hype making the investors to buy because of FOMO. Its quite risky since it has no utility and just based on hype hence its not advisable to invest in meme coins.


Title: Re: Can anyone explain what is the value of meme coins?
Post by: uneng on June 10, 2022, 01:39:47 AM
I am confused that there are meme coins whose prices are sky rocketing but I dont see any real value these meme coins are providing
Meme coins' values are given accordingly to the fun's intensity of the joke. The funnier it is, the more expensive it will be. But be careful, because once the joke becomes too repetitive, it stops being funny, leading the hype to a sudden end. That is when investors start crying and the comedy genre is replaced by drama. :P


Title: Re: Can anyone explain what is the value of meme coins?
Post by: LouVandetta on June 10, 2022, 02:30:19 AM
I am confused that there are meme coins whose prices are sky rocketing but I dont see any real value these meme coins are providing
Meme coins' values are given accordingly to the fun's intensity of the joke. The funnier it is, the more expensive it will be. But be careful, because once the joke becomes too repetitive, it stops being funny, leading the hype to a sudden end. That is when investors start crying and the comedy genre is replaced by drama. :P
My point exactly, the hype, the hype is what makes them quite popular. But as you said, the risks are too big to take. It's all about the hype at the time, it the meme coins at the time is very popular, there's a chance that the price is going skyrocket. And since it's a meme coins, It's the classic old scenario which is the quick up and down scenario. But once the hype died down, you better pray that you're already out or maybe made quite the profit before you losses.


Title: Re: Can anyone explain what is the value of meme coins?
Post by: Sir Legend on June 10, 2022, 03:00:43 AM
Last april there was an expert who calculated that the total marketcap of 100 memecoins is around $25 billion, of course Doge and Shiba are dominating with more than 70%, of course this is easy to change especially the current market trend is down and the total possibility is 100 memecoins also dropped significantly because Shiba's current market cap is only around $5.8 billion


Title: Re: Can anyone explain what is the value of meme coins?
Post by: fuguebtc on June 10, 2022, 03:27:01 AM
Meme, the name says it all, it's just a joke nothing more and nothing less. Originally the purpose of memes was to create fun but later they were used by the sharks as a tool for speculation and they created hype around it. Memes don't have any real value in the crypto world, most of them are made for hype and then disappear. So serious investors never pay attention to them, only speculators look to memecoins because they are too risky.


Title: Re: Can anyone explain what is the value of meme coins?
Post by: ice18 on June 10, 2022, 03:54:18 AM
Meme is just like for entertainment purposes only developers are taking advantage of the previous bull market to earn huge amount of money from their shitcoin memes, but I found some meme projects that has usecase you can always see them it their WP and roadmap if a meme coin is useful or not. Right now Im accumulating some meme coins at cheap price who knows this will give us huge returns in the next bull market just like Doge showed us. 


Title: Re: Can anyone explain what is the value of meme coins?
Post by: adzino on June 10, 2022, 04:19:57 AM
I am confused that there are meme coins whose prices are sky rocketing but I dont see any real value these meme coins are providing
Nothing. No value. The prices go up when they get hyped. The prices go up when they are trending. Once the hype and trend goes away, the price crashes very badly. And then once again, a new hype is created to pump the price. The bring useless updates like "burning portal" or "NFTs" or "metaverse" to bring back those hype. Most of them don't even proceed/work on the roadmap while others fail. And then look at twitter, lot's of people shilling for those meme coins.
Meme coins have no value. It is the trend, hype and community that keeps it alive.


Title: Re: Can anyone explain what is the value of meme coins?
Post by: rozak on June 10, 2022, 06:50:35 AM
Meme coins like this usually occur due to betting and there is also hype and their value will not last long, then we find it difficult to know the price that actually happened, then not all meme coins we can rely on, because their value can drop drastically in a short time and will be ash forever, not everyone is lucky by investing in meme coins then if you don't want to take the risk just skip it.
Even if the pumping is for a while, it is usually done by their team to make the price go up. can even make a pump when the price of BTC drops.
Their market capitalization is not very large. and market movements are still very risky. it could be a decline that occurs very quickly after you place a buy order.
but it looks like the hype of meme coin is over. I don't see it as strong as it was earlier this year.


Title: Re: Can anyone explain what is the value of meme coins?
Post by: mumang siat on June 10, 2022, 07:34:26 AM
I am confused that there are meme coins whose prices are sky rocketing but I dont see any real value these meme coins are providing
That is what is called a coin that does not have a strong utility, this kind of coin is more affected by hype, so the price can soar or decline very quickly, meme coin is unstable enough for us to invest, in several cases we have found, that meme coin can run quite fast but also can sink in a short time, I don't think it's too strong for us to trade on meme coin


Title: Re: Can anyone explain what is the value of meme coins?
Post by: MarjorieZimmermanGinger on June 10, 2022, 08:02:00 AM
I am confused that there are meme coins whose prices are sky rocketing but I dont see any real value these meme coins are providing
There is no certainty in meme coins, they can skyrocket very quickly and can also sink just like that, it is difficult to predict the future of memecoins, because these kinds of coins do not have many options for us to take advantage of, usually they rely more on hype, that's why if they have the opportunity to go up is quite fast and if it goes down it is also priceless


Title: Re: Can anyone explain what is the value of meme coins?
Post by: $anounimus$ on June 10, 2022, 08:42:01 AM
I think it's an interesting question and one that's worth exploring. I don't know if there's a clear value proposition for these companies. But rather than debating whether or not the prices are justified, I want to look at the history behind many of the meme coins, and what has helped them grow so quickly. Some may argue that it's pure hype, but in my opinion, most crypto coins have no real value beyond their market cap—and in the case of some of these meme coins, even that seems nearly impossible to justify.


Title: Re: Can anyone explain what is the value of meme coins?
Post by: Oshosondy on June 10, 2022, 08:59:59 AM
I think it's an interesting question and one that's worth exploring. I don't know if there's a clear value proposition for these companies. But rather than debating whether or not the prices are justified, I want to look at the history behind many of the meme coins, and what has helped them grow so quickly. Some may argue that it's pure hype, but in my opinion, most crypto coins have no real value beyond their market cap—and in the case of some of these meme coins, even that seems nearly impossible to justify.
Well, maybe I only know few meme coins, but among like ten meme coins that I know, only doge and shiba inu are successful, they are the ones that I know that grow in price, others like Elone coin and many others have even been more of shit coins and a reason to be careful of buying meme coins. I can only prefer to buy only doge and shiba.


Title: Re: Can anyone explain what is the value of meme coins?
Post by: Ozero on June 10, 2022, 10:01:05 AM
I think it's an interesting question and one that's worth exploring. I don't know if there's a clear value proposition for these companies. But rather than debating whether or not the prices are justified, I want to look at the history behind many of the meme coins, and what has helped them grow so quickly. Some may argue that it's pure hype, but in my opinion, most crypto coins have no real value beyond their market cap—and in the case of some of these meme coins, even that seems nearly impossible to justify.
In my opinion, meme coins are created in almost all cases only to attract attention, create hype and make a profit for her team. They don't represent any value. The prospects of the project depends on how much the team manages to promote it. Of course, the initial investors in such coins usually also make good profits, if they manage to fix it in time.
I think that to a certain extent, meme coins are bad for this market, as they will cause uncertainty and sow panic in the market participants when they start to burst.


Title: Re: Can anyone explain what is the value of meme coins?
Post by: bounceback on June 10, 2022, 01:26:11 PM
I am confused that there are meme coins whose prices are sky rocketing but I dont see any real value these meme coins are providing
Most meme coins experience price spikes that only last a short time and usually this will happen after a FOMO by a celebrity or public figure so some people are afraid to miss the train if they don't buy the meme coin, but once people who enter early have managed to take advantage they will throw it away with a large amount it will cause the price to go down again basically because so far there are no fundamentals of the meme coin that can help maintain its price.


Title: Re: Can anyone explain what is the value of meme coins?
Post by: CaVO32 on June 10, 2022, 01:42:48 PM
I am confused that there are meme coins whose prices are sky rocketing but I dont see any real value these meme coins are providing
Most meme coins experience price spikes that only last a short time and usually this will happen after a FOMO by a celebrity or public figure so some people are afraid to miss the train if they don't buy the meme coin, but once people who enter early have managed to take advantage they will throw it away with a large amount it will cause the price to go down again basically because so far there are no fundamentals of the meme coin that can help maintain its price.

The meme coin that I know which evolved to be a useful one before this meme hype, is doge. Even before this hype, doge was already used by many gambling platforms and you can find it basically in most trading platforms. I used to use this before for transfer purposes because the fees were cheap but when this meme hype took over, the fees are quite expensive as compared to other alts like LTC. With respect to other meme coins, I don't see anything valuable that can provide them longevity on this market. Once people are done with meme, they can easily die down without being noticed. So if you want to invest long-term, consider first btc and other top alts with actual usage in this community.


Title: Re: Can anyone explain what is the value of meme coins?
Post by: zasad@ on June 10, 2022, 02:04:42 PM
I am confused that there are meme coins whose prices are sky rocketing but I dont see any real value these meme coins are providing
Most meme coins experience price spikes that only last a short time and usually this will happen after a FOMO by a celebrity or public figure so some people are afraid to miss the train if they don't buy the meme coin, but once people who enter early have managed to take advantage they will throw it away with a large amount it will cause the price to go down again basically because so far there are no fundamentals of the meme coin that can help maintain its price.

The meme coin that I know which evolved to be a useful one before this meme hype, is doge. Even before this hype, doge was already used by many gambling platforms and you can find it basically in most trading platforms. I used to use this before for transfer purposes because the fees were cheap but when this meme hype took over, the fees are quite expensive as compared to other alts like LTC. With respect to other meme coins, I don't see anything valuable that can provide them longevity on this market. Once people are done with meme, they can easily die down without being noticed. So if you want to invest long-term, consider first btc and other top alts with actual usage in this community.
Dogecoin is Elon Musk's coin. He is very cunning and did not want to create his own coin. He and his team spent several years buying this coin very cheaply in order to get most of the coins. And no one knows what will happen to this project when Elon Musk gets tired of his toy.


Title: Re: Can anyone explain what is the value of meme coins?
Post by: Tony116 on June 10, 2022, 02:35:40 PM
I am confused that there are meme coins whose prices are sky rocketing but I dont see any real value these meme coins are providing
Most meme coins experience price spikes that only last a short time and usually this will happen after a FOMO by a celebrity or public figure so some people are afraid to miss the train if they don't buy the meme coin, but once people who enter early have managed to take advantage they will throw it away with a large amount it will cause the price to go down again basically because so far there are no fundamentals of the meme coin that can help maintain its price.

The meme coin that I know which evolved to be a useful one before this meme hype, is doge. Even before this hype, doge was already used by many gambling platforms and you can find it basically in most trading platforms. I used to use this before for transfer purposes because the fees were cheap but when this meme hype took over, the fees are quite expensive as compared to other alts like LTC. With respect to other meme coins, I don't see anything valuable that can provide them longevity on this market. Once people are done with meme, they can easily die down without being noticed. So if you want to invest long-term, consider first btc and other top alts with actual usage in this community.
Dogecoin is Elon Musk's coin. He is very cunning and did not want to create his own coin. He and his team spent several years buying this coin very cheaply in order to get most of the coins. And no one knows what will happen to this project when Elon Musk gets tired of his toy.

In fact, the future of doge is also bleak as we all know doge is an age-old meme but there wasn't any hype surrounding it until Elon mentioned doge. We don't know what Elon's real purpose is, whether he really loves Doge coin or he just takes advantage of it to enrich himself and then throws it away when it's no longer worth using. If that happens, I think it's a tragic end for the doge.


Title: Re: Can anyone explain what is the value of meme coins?
Post by: virasisog on June 10, 2022, 03:24:07 PM
Quote
Dogecoin is Elon Musk's coin. He is very cunning and did not want to create his own coin. He and his team spent several years buying these coins very cheaply to get most of the coins. And no one knows what will happen to this project when Elon Musk gets tired of his toy.

Doge could easily be manipulated by Elon Musk before but lucky are those who rode with the trend and took profit from what he did. Elon used his popularity to manipulate the said coin but things won't last since people already know his strategy. Now that he has his platform, I'm sure that he still has lots of coin manipulation plans in the future but we must be skeptical because most of his plans will only benefit his business.


Title: Re: Can anyone explain what is the value of meme coins?
Post by: Iyeman on June 10, 2022, 04:03:57 PM
Meme coin in a nutshell is just a coin full of manipulation where the volatility and fluctuation is rather high, that's why it attracts many traders.
some people think they could outsmart the market manipulation and making money off it meanwhile in reality that's not true at all, considering the fact that the ones that initiated manipulation of memecoins usually ended up with humongous profit.
so basically if you want to keep your investment safe, don't invest in meme coins.


Title: Re: Can anyone explain what is the value of meme coins?
Post by: andyou1234 on June 10, 2022, 05:35:03 PM
It is very difficult to explain how the value of memecoin is, but what is certain is that its growth depends on the hype which only lasts for a while, where volatility and fluctuations are very easy to manipulate by certain people, if you are a beginner and want to invest in crypto it is best to choose a coin that has  strong fundamentals and capitalization so it has a great opportunity to be able to give you profits in the future.


Title: Re: Can anyone explain what is the value of meme coins?
Post by: sana54210 on June 11, 2022, 08:56:03 PM
Meme coins like this usually occur due to betting and there is also hype and their value will not last long, then we find it difficult to know the price that actually happened, then not all meme coins we can rely on, because their value can drop drastically in a short time and will be ash forever, not everyone is lucky by investing in meme coins then if you don't want to take the risk just skip it.
Even if the pumping is for a while, it is usually done by their team to make the price go up. can even make a pump when the price of BTC drops.
Their market capitalization is not very large. and market movements are still very risky. it could be a decline that occurs very quickly after you place a buy order.
but it looks like the hype of meme coin is over. I don't see it as strong as it was earlier this year.
I agree, memecoins were a thing during the Elon Musk period when he pumped doge, and even participated in some pumping of shiba as well, but that was it. Hell people literally created a token after the DOG Elon has, which is a SHIBA type dog, named floki, so there is a floki token as well.

Imagine how further we have come in the meme world, we are literally naming the coins with the name of the shiba which is the main type of dog in doge memes. It was a thing back in the day, and maybe it is still going on right now, but at the end of the day people are not as much hyped about it as they used to be and that matters a lot for everyone involved.


Title: Re: Can anyone explain what is the value of meme coins?
Post by: Teraboy on June 11, 2022, 11:32:15 PM
its just like gambling, the value was driven out of nothing, there is no underlying innovation that could increase the value either, it's just you're investing some money and think it could grow magically, that's the main reason it was the same under category as shitcoins.
they're literally just being used for making quick bucks and the result is either you're losing or you're making some return of investment, also need to take into account that some of these coins are being manipulated, so you better invest in something else.


Title: Re: Can anyone explain what is the value of meme coins?
Post by: SistaFista on June 12, 2022, 05:49:09 PM
At the beginning, the value of meme coin usually comes from the community itself.
Later if they have enough value, they will have enough funds to develop their coin use case.
So, the most important thing in meme coin is a community i guess.


Title: Re: Can anyone explain what is the value of meme coins?
Post by: Silberman on June 12, 2022, 06:15:16 PM
I am confused that there are meme coins whose prices are sky rocketing but I dont see any real value these meme coins are providing
Unfortunately I cannot see the value of this kind of meme coin. They only utilizes the hype of the projects to gain more investors, moreover through the community. Many people are promoting those shit meme coins. any teams are also creating shit meme projects after the rise up Doge coins. I think that now, the basic thing of creating meme coins are none, only hype,  utilizing the pump and dump to gain profits for themselves.
That is the only reason those coins keep appearing, people know they do not really have any function, however they also know that a few of those coins may become incredibly popular and as such they keep investing in them thinking that if they invest early they can obtain a fortune, and while they are not wrong the risk they are taking is huge, since there are a lot of meme coins that never gain any support from the community and their price collapses not long after they are released.


Title: Re: Can anyone explain what is the value of meme coins?
Post by: hashrateproducts on June 12, 2022, 08:22:39 PM
At the beginning, the value of meme coin usually comes from the community itself.
Later if they have enough value, they will have enough funds to develop their coin use case.
So, the most important thing in meme coin is a community i guess.
Memecoin are one thing that brings traders down in Crypto space and makes them lose money. Memecoin is all about the trending coin. Memecoin normally pumps when lunch in the market, the good news about memecoins is that early Investors who bagged the coin when it starts to pump, are normally in big profits thanate investors. When you enter late on a memecoin, the project will dump on you and one will definitely lose money.


Title: Re: Can anyone explain what is the value of meme coins?
Post by: Ziskinberg on June 12, 2022, 09:16:43 PM
I am confused that there are meme coins whose prices are sky rocketing but I dont see any real value these meme coins are providing
Utility case is not the only way that meme coins prices will skyrocket, sometimes they are also hyped that makes them temporarily profitable. But knowing that any hype has eventually its end, then that's the time meme coins start to drop and eventually lose their value. This is why meme coins should be avoided in the first place because they're not making us profitable in the long run. Although some have been profiting from them for a short term, but there is also high risks and that anytime you will still end up losing what you all gained.


Title: Re: Can anyone explain what is the value of meme coins?
Post by: Kavelj22 on June 12, 2022, 09:20:07 PM
I am confused that there are meme coins whose prices are sky rocketing but I dont see any real value these meme coins are providing

In fact, it has no real value, simply because it was not produced for a specific need or to perform clear functions, because its value has been raised in systematic amplification operations similar to those who carry out awareness campaigns using advocacy tents.

The most important role that these currencies can play is that they are used as trading tools, which is almost the only good reason that can push me to acquire them.

We must not forget that there are many successful examples in this regard.


Title: Re: Can anyone explain what is the value of meme coins?
Post by: Yamifoud on June 12, 2022, 09:27:48 PM
I am confused that there are meme coins whose prices are sky rocketing but I dont see any real value these meme coins are providing
Utility case is not the only way that meme coins prices will skyrocket, sometimes they are also hyped that makes them temporarily profitable. But knowing that any hype has eventually its end, then that's the time meme coins start to drop and eventually lose their value. This is why meme coins should be avoided in the first place because they're not making us profitable in the long run. Although some have been profiting from them for a short term, but there is also high risks and that anytime you will still end up losing what you all gained.
Hyped projects like meme coins are just ideal for a short-term deal, we can never think they couldn't be able to sustain the competition, they will certainly lose their value. Thinking about Dogecoin as a long and existing meme coin, it is somehow lucky that this project has been supported by a known market influencer, or else, it has been dead already.
Thus, if we want money protection, we tend to stay away from them...there are a lot of potential and long-term investments that warrant a better future.


Title: Re: Can anyone explain what is the value of meme coins?
Post by: Silberman on June 16, 2022, 06:20:03 PM
I am confused that there are meme coins whose prices are sky rocketing but I dont see any real value these meme coins are providing
Utility case is not the only way that meme coins prices will skyrocket, sometimes they are also hyped that makes them temporarily profitable. But knowing that any hype has eventually its end, then that's the time meme coins start to drop and eventually lose their value. This is why meme coins should be avoided in the first place because they're not making us profitable in the long run. Although some have been profiting from them for a short term, but there is also high risks and that anytime you will still end up losing what you all gained.
Hyped projects like meme coins are just ideal for a short-term deal, we can never think they couldn't be able to sustain the competition, they will certainly lose their value. Thinking about Dogecoin as a long and existing meme coin, it is somehow lucky that this project has been supported by a known market influencer, or else, it has been dead already.
Thus, if we want money protection, we tend to stay away from them...there are a lot of potential and long-term investments that warrant a better future.
We must understand that even if we believe ourselves to be perfectly rational that is a lie, the market just like ourselves is irrational, a coin like dogecoin and many other similar coins in theory should not have any place in any market, however people thought back then that it was funny to have a meme coin and backed up, then some people began to see it was possible to make money with it and this is why it remains to these days, however I am not so sure this luck will remain forever and at some point it will disappear.


Title: Re: Can anyone explain what is the value of meme coins?
Post by: Kasabus on June 16, 2022, 10:30:18 PM
I am confused that there are meme coins whose prices are sky rocketing but I dont see any real value these meme coins are providing
Don't bother thinking about it because the truth is, meme coins don't have utility cases in the market that makes them sustain their value. Unlike established coins, meme coins only increase their value when hyped but when the hype is gone, they all fall down to a useless value. That is why its never safe to invest in them because you can't guarantee how long they can sustain their value and stay in the market, or just disappear instantly because their prices have gone out to zero.


Title: Re: Can anyone explain what is the value of meme coins?
Post by: Taskford on June 16, 2022, 11:16:02 PM
At the beginning, the value of meme coin usually comes from the community itself.
Later if they have enough value, they will have enough funds to develop their coin use case.
So, the most important thing in meme coin is a community i guess.
I doubt they could truly develops a meaningful use case at all, you see shiba inu, its just following the path of ethereum by creating smart contract blockchain, of course their community think it's a break through but honestly it's nothing special.
other than that is NFT markets that usually frequently being started by these meme coins later into the future, but that's also nothing special at all.
most of the time, meme coins just adding gimmick to their platform and that's it, nothing more.

They will not develop any use case because they are develop or created just for the hype, The owner of it just want to earn easy money that's why we can expect that it will just turn scam once they fool more people to buy and hold their tokens.  So this is not advisable token to be bought by anyone especially those newbies want to try some coins to earn because for sure they will just end up being caught off guard and left empty handed once those tokens dumped.


Title: Re: Can anyone explain what is the value of meme coins?
Post by: Rasa nanas on June 17, 2022, 12:20:59 AM
you should know that the price of meme coins can go up very drastically even though these coins have no utility. this can happen if there is hype or fOMO created by big people, without those two the price of meme coin will not go up because meme coin has no utility. shiba and doge are the most popular coin memes today and both are suitable for short term investments or day traders, but not all coin memes will have the same fate as shiba and doge because not a few coin memes end up being dead coins. so don't think that all coin memes will provide benefits in the future  :)