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Alternate cryptocurrencies => Altcoin Discussion => Topic started by: peerwallet on February 10, 2024, 03:31:54 PM



Title: How do coins with no use case value so high in the Market?
Post by: peerwallet on February 10, 2024, 03:31:54 PM
I have seen several of these tokens, how is this even possible?


Title: Re: How do coins with no use case value so high in the Market?
Post by: Xal0lex on February 10, 2024, 04:53:40 PM
If there is a demand for such coins, the utilitarian aspect of such coins goes to the background. The main thing is that with the help of such coins there is an opportunity to earn money. And for traders it does not matter whether the coin has some practicality or not. There are a huge number of coins on the market that have no utility whatsoever. Nevertheless, they feel great due to the fact that they can be used to earn money. This is enough.


Title: Re: How do coins with no use case value so high in the Market?
Post by: mk4 on February 10, 2024, 05:42:54 PM
Speculation — which fuels the entire cryptocurrency markets lol. People invest in a coin because they think it has a future(hence pump), or sometimes solely because it would pump due to meme-tic reasons.

It's almost like venture pre-seed investing, but instead of savvy investors and visionaries, it's mostly gamblers who are trying to make bets.


Title: Re: How do coins with no use case value so high in the Market?
Post by: DeathAngel on February 10, 2024, 09:13:48 PM
Developers & backers with deep pockets can pay for sophisticated advertising schemes. It can go very quickly from mint to some useless coin going viral & really pumping hard. It’s like a snowball rolling down a mountain, getting bigger & bigger as it rolls down. These low use case coins very rarely last long in an uptrend. Developers & early adopters & backers usually rug pull & the hype dies down very quickly. It’s a get in & get out quick type vibe.


Title: Re: How do coins with no use case value so high in the Market?
Post by: Stalker22 on February 10, 2024, 09:30:19 PM
I have seen several of these tokens, how is this even possible?

Well, how can anything be worth if it dont really have a clear, tangible use case? Like traditional collectibles for example.  The answer is simple, people think it will be worth more later on - betting on it, yeah? Call that speculation.  Just like stocks and stuff coins can go up because investors reckon they will hit the big time someday. 


Title: Re: How do coins with no use case value so high in the Market?
Post by: Dr.Bitcoin_Strange on February 10, 2024, 11:48:45 PM
I have seen several of these tokens, how is this even possible?

Demand and supply for such tokens or coins usually plays the magic too. Cryptocurency owners and their management usually have some secret marketing tricks that they can implement that could cause hype on the coin, and the more people start buying lots of that coin, the more the price will gain value. For example, some projects can make a token burn announcement, and once they do so, the price of the coin will pump. They can also announce any new model that they want to bring to their project and the announcement can make the coin value to go up.


Title: Re: How do coins with no use case value so high in the Market?
Post by: Marvelman on February 10, 2024, 11:51:46 PM
If folks want 'em, they'll pay for 'em.  Investors pile their money into coins thinking theyll hit the big time down the road.  For traders, a coin's utility don't mean squat. 

I mean usefulness dont necessarily drive prices up.  Speculation and hype do.  If enough people think Coin X is the next hot thing, demand skyrockets regardless of whether it actually does anything helpful at the moment.  Maybe its developers promise world-changing applications or it gained momentum from some viral hype storm. 


Title: Re: How do coins with no use case value so high in the Market?
Post by: JeffBrad12 on February 11, 2024, 12:21:54 AM
thats just how hypes works, even the shittiest coin out there if it got the support of many people and become hypes overnight it will have valuation of at least hundred millions of dollars it seems ridiculous at first but frankly speaking even in stock, not different with cryptocurrency market the same thing is occurring its all not about the technology presented sometime, its sometime just about the shill of influential people that determine the success of the coin itself.
thats why many people are saying to follow the trend because usually the trend are where the money are, so basically by following the trend we might get that piece of cake getting that share of profit by just following around what people are investing regardless of the fact whether the coin itself have use case or not.


Title: Re: How do coins with no use case value so high in the Market?
Post by: Rimueng on February 11, 2024, 07:48:51 AM
I have seen several of these tokens, how is this even possible?
Me to, sometimes like you, but trust me, you're not alone in wondering this. I mean, take Dogecoin for example, started as a joke and boom. If you look in this token, it's like shitcoin or nothing but it's high value and many people buy, before we know it. Right? This means, altcoins can often run on hype and speculation. The reality is, the value of any currency, digital or not, comes from the trust and belief people have in it. But, many tokens have value baked into their protocol through uses like staking, providing liquidity, or being a governance token. These coins have a strategy, a plan, and purpose.


Title: Re: How do coins with no use case value so high in the Market?
Post by: PIMPdev on February 11, 2024, 08:25:43 AM
Marketing, that's all I think. 99% of memecoins are useless, but people are buying them for some reason.


Title: Re: How do coins with no use case value so high in the Market?
Post by: husencoe on February 11, 2024, 08:54:05 AM
I think it all happens because of the trends. When a developer wants to create hype, of course he will pay the media or advertising to work for him. Or he even pumps the coin by buying the coins as if the coin is shining again. When a trend has been created, of course their mission will run automaticly by itself. Then the people became interested because they seemed to be able to see the hope of making money, and of course people who follow this trend will get benefits. I think this doesn't only happen to crypto world only, but can also happen to the fiat. Here, the rich guys will have the power to move the price with their money.


Title: Re: How do coins with no use case value so high in the Market?
Post by: khiholangkang on February 11, 2024, 09:14:53 AM
If there is a demand for such coins, the utilitarian aspect of such coins goes to the background. The main thing is that with the help of such coins there is an opportunity to earn money. And for traders it does not matter whether the coin has some practicality or not. There are a huge number of coins on the market that have no utility whatsoever. Nevertheless, they feel great due to the fact that they can be used to earn money. This is enough.
Some people even rely on hype on projects that have no superior utility, such as on projects that are generally only based on ordinary technology such as memecoin, or other shitcoins but for players they always buy and trade them to the community to benefit from the narrative that is brought up to attract the attention of more people, there are even most who pump deliberately to increase the price, because they buy at the beginning, even though in reality the token or coin has no utility at all in increasing scalability or whatever is needed as the crypto industry can develop more effectively and efficiently.

Essentially for some people if it has the potential to increase their money then why not take the risk.


Title: Re: How do coins with no use case value so high in the Market?
Post by: EarnOnVictor on February 11, 2024, 09:57:25 AM
I have seen several of these tokens, how is this even possible?
Bro, my candid advice for you is to take the crypto market as it is, many things there look impossible, as though insane, but in reality, they are so no matter how we take it. If meme coins could attract as much as billions of dollars, what do you expect? These are coins/tokens with no speciality but only for play, yet, they are very important today, so you should not expect less in the crypto space. Also, I want you to know that the pricing of coins/tokens varies, that's why some will attract a small amount of money but will move more than others in value that are even attracting more capital.

There are some that had low liquidity as well and were manipulated by big volume. Such tends to move high and fast. At times, they will keep the status, while some will move back lower, which is why the market is so uncertain on what will happen to them, and they are so unexplainable with a single ideology, they are just too confusing to explain at times. This is why I conclude that we should not limit our investment to the fact that we trust a coin/token so much but to the fact that we are just risking in the market. And if luck shines on us, a token/coin that we underrate could earn us x100 of our investment in a very short time. This is even as the others we believe so much in might just earn us x2 or thereabout. The crypto market is insane.


Title: Re: How do coins with no use case value so high in the Market?
Post by: oktana on February 11, 2024, 11:09:30 AM
There are many factors and one very popular and effective one is about the people backing the project. Do you remember how DOGE blew up? Elon just tweeted and something that never really had value was valuable. If people who have big images decide to promote a coin, irrespective of the use of the coin, it will likely be valued. Another factor is hype. People fuel hype and the hype creates anticipation which can likely add great value to a coin or token.


Title: Re: How do coins with no use case value so high in the Market?
Post by: Sophokles on February 11, 2024, 11:10:15 AM
I have seen several of these tokens, how is this even possible?

There can be one explanation for this, and that is manipulation. Whales manipulate the market of those tokens by creating a lack of supply by accumulating most of the tokens on the market. So after the whale accumulation the project price already shot up and got speculators eyes. They push the price further because there isn't much supply left in the market so even a few percent of high cash inflow pushes the price higher than expected. If you don't know how they play this game you should stay away from this token otherwise you can lose a lot of money.


Title: Re: How do coins with no use case value so high in the Market?
Post by: pakhitheboss on February 11, 2024, 01:00:55 PM
I have seen several of these tokens, how is this even possible?

Most of these coins are meme coins to be precise, they have high value because most of them are community-driven. Resulting in the hype of those coins with the perception of high returns as they are less than $1. The idea that comes into the mind of an investor is to buy these dirt cheap coins in bulk quantity. Wait for the hype to trigger in by holding them for long-term gain, resulting in a high value of these shit coins. If you want you can check the community of meme coins like Shiba and Pepe, they are always shilling their coins to get a pump in the market value, resulting in a small-term gain.

The other factor is whale manipulation which suddenly gives rise to a price hike. New investors want to ride the bandwagon and therefore invest when the price is high resulting in getting stuck into the coin unless they sell it or regain the same price point where they took a position.  


Title: Re: How do coins with no use case value so high in the Market?
Post by: Saisher on February 11, 2024, 02:32:14 PM
I have seen several of these tokens, how is this even possible?

Dogecoin is just a copy of Bitcoin but it landed on the top 20 that's because of Elon Musk, who is considered to be a big influencer in the market, so it is more of hype, and on what's trending, it's easy to make money from pump and dump coins if a coin has an influencer behind him and they engaged on creating hype, it's a domino effect, people will invest on coins that are getting the attention of investors even though they employed deceptive marketing.
Investors want quick profit they are easily swayed by hype, something they cannot get from projects that will take years to complete their roadmap and perform better in the market.


Title: Re: How do coins with no use case value so high in the Market?
Post by: bastian466 on February 11, 2024, 02:35:47 PM
Marketing, that's all I think. 99% of memecoins are useless, but people are buying them for some reason.
What do you think are their reasons for buying or collecting different types of meme coins? What reason do they have to believe in useless coins as you say? This is different from me who looks for meme coins by working or participating in airdrops so as not to lose a lot of money or time if the coins just become trash in my wallet


Title: Re: How do coins with no use case value so high in the Market?
Post by: tvplus006 on February 11, 2024, 02:57:01 PM
I have seen several of these tokens, how is this even possible?

Dogecoin is just a copy of Bitcoin but it landed on the top 20 that's because of Elon Musk, who is considered to be a big influencer in the market, so it is more of hype, and on what's trending, it's easy to make money from pump and dump coins if a coin has an influencer behind him and they engaged on creating hype, it's a domino effect, people will invest on coins that are getting the attention of investors even though they employed deceptive marketing.
Investors want quick profit they are easily swayed by hype, something they cannot get from projects that will take years to complete their roadmap and perform better in the market.

Dogecoin had a huge community before Elon Musk drew attention to it. And what Elon Musk did, who was shill the coin, increased the price of Dodge, after which the price of the coin returned to its previous values. So famous personalities like Elon Musk can come and go, and the community will always stay with Doge.


Title: Re: How do coins with no use case value so high in the Market?
Post by: ThemFloo on February 11, 2024, 03:02:50 PM
I have seen several of these tokens, how is this even possible?
Because people usually buy and sell for a reason.
is no exception to what you are talking about.
maybe there is a positive side.
so that the coin sells well in the market.


Title: Re: How do coins with no use case value so high in the Market?
Post by: cryptoknightt on February 11, 2024, 05:52:30 PM
I think traders don't see the real case of utility tokens as long as they see an opportunity then they will buy it, that's why one day there are tokens that rise very high then fall the next day.


Title: Re: How do coins with no use case value so high in the Market?
Post by: justdimin on February 11, 2024, 07:46:42 PM
I have seen several of these tokens, how is this even possible?
Community hype is what makes them gain value in such a short period because when a coin or token is hyped in the market, most people would want to get in and buy it so that they can profit from it as well since they hear promises and falsified developments and roadmaps which makes them feel that what if they are true and they miss out on huge profits? So they invest some money on it and when that chain continues, hundreds of thousands of people start investing and that is how those coins with no proper utility or use case gain high values in the market.

Such coins and tokens are mostly called meme coins, and because a few meme coins in the history of cryptocurrencies have managed to provide great profits to its initial investors, meme coins have become a trend and people tend to invest in every single one they hear about hoping that they might become lucky and become a millionaire through it.


Title: Re: How do coins with no use case value so high in the Market?
Post by: lalabotax on February 11, 2024, 09:12:34 PM
I have seen several of these tokens, how is this even possible?
Most of them may appear from hype coins/tokens, right? Once they are hype, they will have huge community. And this may one of the reasons why the coin is still surviving in the market,  and even having high value.

But, how long they can survive? This is what questions commonly we are asking and considering. because not all of these kinds of coins are able to stay last longer in the market. Once they are left by the other project hypes, they will be left. And then, it simply ends up as usual.


Title: Re: How do coins with no use case value so high in the Market?
Post by: Adreman23 on February 11, 2024, 11:13:24 PM
I have seen several of these tokens, how is this even possible?
There are numerous reasons why a coin/token with no use case value experiences a price pump in the market. One reason I believe is a tactic to attract attention to a coin or token in the market. When a coin/token pumps, it grabs the attention of many, and instead of spending on advertising through other means, they use their funds to pump their token/coin in the market. This is just my analysis, and I'm not claiming it to be the sole reason. However, if there's advice here, it's that you shouldn't jump in just because of the hype, ensure you're confident and conduct thorough research before investing in a pumping coin with no use case value.


Title: Re: How do coins with no use case value so high in the Market?
Post by: Mpamaegbu on February 11, 2024, 11:52:14 PM
Marketing, that's all I think. 99% of memecoins are useless, but people are buying them for some reason.
Can you list the 1% exception you made then 😏 so the rest of the community can bag them?

Joking aside, yes I agree with you that what fuels projects and gives them unexpected push is hype. Hype comes from marketing. Besides, we've to factor in the place of backers of such projects. I've come to discover that any project with big VCs backing them easily do well because the financiers won't want their investments go down the drain. Take for instance, any project with backing from BinanceLab will easily get the attraction of the crypto community and that helps push demand for it.

I think traders don't see the real case of utility tokens as long as they see an opportunity then they will buy it, that's why one day there are tokens that rise very high then fall the next day.
Traders are different from investors. What causes cryptos to dump isn't the action of traders but investors. Whichever way a project goes, whether up or down, is immaterial to traders. They only need to position for the trend and profit from it. For investors, the trend must be upward for them to profit from it. Both are different.


Title: Re: How do coins with no use case value so high in the Market?
Post by: Natsuu on February 11, 2024, 11:54:56 PM
Coins without a clear purpose can still get a high market value because of people basically gambling on them. It's like a mix of hype, speculation and everyone talking about it on social media. People see a chance to make quick money and that drives up the value even if the coin doesn't really do much. But it's risky so you gotta be careful and not just jump in because everyone else is talking about it


Title: Re: How do coins with no use case value so high in the Market?
Post by: juansilva on February 12, 2024, 01:23:39 AM
Xai launched the distribution of their tokens https://xaidao.live


Title: Re: How do coins with no use case value so high in the Market?
Post by: NewRanger on February 12, 2024, 01:56:09 AM
some people do agree with your opinion and some don't because they follow the moment in the crypto market. However, unfortunately investors have different responses, there are projects that get a market sensation and there are also those that die because of their quality. In the green market, most investors prefer to play it safe by buying fast-turning coins or top altcoins on CMC, they don't want losses in similar conditions in the past so it can help them survive or at least stabilize their investment during market pumps and dumps.


Title: Re: How do coins with no use case value so high in the Market?
Post by: LogitechMouse on February 12, 2024, 02:06:56 AM
I have seen several of these tokens, how is this even possible?
Supply and Demand.

If there's somebody who want to buy the token for whatever reason, it will have a value. Just imagine that these coins that you are seeing right now are like Bitcoin when it was starting way back in 2008. Yes, it already has a use case at that time (base on the wallpaper), but nobody really cares at that time. Nowadays, people will invest into different coins for different reasons.

Whether it's profit, or the technology behind it or the use-case. However, many are still investing into coins that has no real use-case at all because of the fact that they believe that they can earn money when they invest on it.


Title: Re: How do coins with no use case value so high in the Market?
Post by: GreatArkansas on February 12, 2024, 02:51:45 AM
Include also other cryptocurrencies already long dead and suddenly some of them are just pumping even no more activities from the project at all, which means it's still manipulation, some whales maybe wants to make more money or some wants to exit their position, all I can see is only manipulation.


Title: Re: How do coins with no use case value so high in the Market?
Post by: martinex on February 12, 2024, 04:43:59 AM
The crypto currency that is fascinating and that is seen in the market is like that coins with no use case value so high in the Market there are many. Many times the value of crypto assets moves wildly like that and sometimes the option to choose that is also considered by some people as the way we transact, investing, and building wealth too, even though it is very risky because there is no development, just relying on market hype alone, but that is the consumer's choice.


Title: Re: How do coins with no use case value so high in the Market?
Post by: mich on February 14, 2024, 09:54:36 AM
Well it is easy for the developers to manipulate the value of their coins. It is also the demand and the speculation and the interest in the project or coin that will make the price go up.

We must know that there is many coins with no case that are high in the market. It does not mean the coin will be worth something in the long future. Or that it is a good coin for us to hodl just for this reason. You must do you own research and be aware of those possible rug pull projects.


Title: Re: How do coins with no use case value so high in the Market?
Post by: Promocodeudo on February 29, 2024, 07:50:46 AM
I have seen several of these tokens, how is this even possible?

The crypto market is all about news, when there is a news about how a particular coin is going to flood the market with good potential profit what will you except from from investors at this time, people will keep investing in such coin, the only people that might not fall for that is people with good knowledge that the cryptocurrency market is made up of speculations and this speculation has a major effect on rebranding and pushing the market, this is where manipulation comes in but at all times every crypto enthusiast or investment should be able to identify a good coin that can be managed for short-term purposes this will help to get rid of unwanted and fake coins off the market.