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It seems the memecoin momentum has returned to Ethereum. Recently, I observed Neiro skyrocketing by about 35x in just a few days. Now, I'm considering exploring other Ethereum-based memecoins like WHY, as it seems to have similar features to Neiro.

Are any of you into meme trading? What are your thoughts on my suspicions?. Do you think money has flowed into Ethereum for memecoins?

Money is flowing for every sector in the crypto market. As you're saying with Ethereum, every layer 1 has always been the target of these meme coins. We've got some trends that went through solana and now, if you think that it's going with the Ethereum or ERC20 tokens then it's your call to think whether you'd be checking all of the new trends. It's very possible that these memes are going somewhere else and it might be this time as it starts. But just to give you some friendly reminders, these are just craze and don't get hooked on it for a long term because typically they end the craze in short term.

From the ethereum ecosystem itself it is very difficult for the growth of memecoin, because maybe the problem is the gas fee that is used so that more people use meme coins on the solana network, but it does not rule out the possibility that the ethereum network gets attention from memecoin players, but I think for now I think it is much better on the solana network to memecoin.

Regarding Neiro, it really surprised me, even I never thought it could reach 35x from its launch, talking about the transition of money attention to ethreum memcoins cannot be confirmed, although some are getting attention such as Neiro, Pepe, which are still cool in speculation.

Meme token trends are always rotating from one blockchain to another. Neiro was a meme token that had been skyrocketing. But, I warned you to be careful with meme tokens in this bearish market.

https://i.postimg.cc/sDnNwSHy/WHY-All-graph-coinmarketcap.png

It's very risky to take WHY. Its meme token has a similar market cap to Neiro, and it has been skyrocketing too. Are you sure to gamble with meme token after it reaches peak price?


I don't think money has flowed to the Ethereum meme token. Though some meme tokens pumped so hard, the market is not even showing if ethereum meme token gets hyped. People are scared to invest in meme tokens due to Bitcoin's big drop.
I'm only worried if you get rekt by making a position in the ethereum meme token. But if you are gonna risk a few hundred USD, then that's worth a try.

Wondering how Ethereum and memecoins can be in page considering the huge gas fee which may not be compatible with the way Ethereum ecosystem operates. Moreover, memecoins may have been in news but eventually people will lose huge amount like they have been losing on solana based memecoins. We don't need stuffs which can be volatile and uncertain that more than 95% of it are rugpull projects (refering to solana based memecoins).

Instead of ETH based memecoins we need ETH ecosystem with lesser and reasonable gas fee.

Memes are huge risks buddy, but some can be rewarding though .  Here's WHY price 📈📈
https://i.ibb.co/HpHb69Z/IMG-20240801-230447.png (https://ibb.co/YTL1mVg)
I'm looking at it here though, also planning on using candybombWHY candybomb (https://www.bitget.com/events/candy-bomb) to get more if price gives me an entry.

Thanks for the tip buddy. Sure you don't wanna join me?😆😆

before that neiro is also sky rocketing (and now dumped so hard  ;D) in solana and yes there are so many neiro coins ;D because so many individuals trying to profit off meme coin.

but honestly seeing current situation of meme coin the pattern has become unclear, there's no such thing as meme coin trend centralized in one blockchain, sometime it's in base, eth or solana. it's overall very random pattern.

but one thing for sure, the early buyers of these meme coin always dump at the peak unlike holder of doge or shib that faithfully holding onto their meme coin and don't want to sell it, just my 2 cents though.

in the crypto market of course money will flow into it, and it's a cycle, however ethereum, I think has significant potential under the surface that will continue to grow, so ethereum, there will be investment opportunities driven by its value and innovative applications, regardless and high expectations, I think this crypto asset is not free from the bearish grip, with the positive trend seen in the market I think shiba inu is one of the top meme coins, and makes a good investment choice for the best meme coin to buy now depending on the many optimistic market analysis for now.

Neiro, like most memecoins is likely a pump and dump. 78% of the supply was sniped within minutes of launching. This level of centralization makes it a huge risk for investors. I am not a memecoin trader, but anybody who is should only risk a small amount. There is some hype surrounding it so it can still pump some more but eventually the founders and all their friends will dump their coins leaving you with worthless tokens.

Ethereum has a large community but based on my observation, meme coins have mostly thrive on some other blockchain network that has a very low gas fee such as BSC and Solana and because the ethereum gas fee always go high that's why most of those meme coin project are often launching on blockchain that has a low gas fee.

 I feel that soon, meme coin might thrive on TON network instead of Ethereum network, I might be wrong though but I know that those meme project prefer a blockchain with low gas fee, it's a strategy to make investment easier for their investors.

There were so many meme tokens that thrived on BSC and so many are thriving on Solana but I have doubt for Ethereum.  If you are investing in altcoins, don't invest all your capital, apply caution and invest what you can risk losing if peradventure the investment did not go as expected.

Lol, even before there’s a lot of meme coin that printing insane profit on Ethereum. The hype on Ethereum never die but Solana just outshine them temporarily due to the hype.

I witness multiple memecoin on ETH that manage to hit above x100 during the memecoin on Solana is trending. But of course the trading volume is not that high that’s why it create that kind of volatility in the price.

Memecoin is like ponzi in all blockchain. Anytime one of them can explode since many user like you keeps watching meme for investment purposes.

You will see many meme coins mooning over the upcoming 12-18 months. We are about to enter the peak stage of this epoch, ERC20 meme coins will likely pump hard. You may need a little bit of luck to buy the right ones though but overall it’s soon to be a very exciting time for meme coin investors.

While the markets moving sideways I'm being very careful with Memecoins and similar plays. Right now I'm adding to my long-term bags.

Once we get bullish again and break ATH, then I'll dive in.

Memecoin is gaining more and more interest when there is new hype including the much talked about Neiro on X. Some influencers try to pump it up in their own way and even their followers can do the same due to their fomo.

For now, I'm not interested in memecoin anymore. Are trading of course not. There is a clear suspicion for fear of rugpull or far away at any time.
As long as you can take advantage of the memecoin, do it to your advantage if you see the opportunity.

This is the moment for memecoins so the money is flooding the market and most solona projects are in the center stage of the whole altcoin craze of this season, just like all the other hypes in cryptocurrency market in the past it all have a short terms hypes and shouldn't be considered for long term investment plans for memecoins, don't take them anything other than just gamble which means, with all the hype it going to be a short term base before the craze in the market will fade away and another hype project development or wave will take over, memecoins hypes of this moment is not the first of it type in the cryptocurrency market/industry and just to mentioned a few of them like ICO, Web3 and NFTs tokenization have all occupied this centre stage of the cryptocurrency hype market before, but out of all this hypes and tons of projects coins and tokens that have come along with them at the various time and stage, only a few of them are still active in the market.
Majority have died down or dead right now, investors lost money and some gain from the hype but ultimately the team behind those projects are the most beneficial of such hypes, so investors should always be careful with those hypes in the cryptocurrency market and only stake an amount that they are willing to gamble with since the possibility of losing all is there

Overall the entire memecoin market is a complete scam fest.  They are all built with zero use case.  The staying power of these tokens is zero.  Longterm some other market will pop up and these will all fade away.  People will make money on them in the short term but by and large these will all fall to zero and tons of people are gonna lose money on them.  I don't see the point of buying into them.

Before Neiro, recent ETH memes have all been shitty and I believe that the reason Neiro did well was because Solana Memecoin shit farm had a hard time deciding which of their two Neiro shitcoin would actually strive. The conflicting situations resulted in liquidity and volume being split instead of pooling all the liquidity to one shitcoin. I doubt that Memecoins are coming to eth again given the overall market condition. As a matter of fact, you might get rekt buying the memecoin that OP softshilled in the OP  :)

It's decreasing quite a lot since my last warning to buy WHY at that time. Meme tokens can be very rewarding. But, we shouldn't be foolish and buy them after they peak.

https://i.postimg.cc/v8jCCbY3/nfdh.png

Only those who bought before the huge pump benefited from meme tokens. It's risky to buy at the current level. Though a legit meme token could reach a $1 billion market cap. But, this is only if it gets listed on a major exchange.

Hopefully, you'll get your target.

You are not wrong, but when the main interest of speculators is to make as much money as possible with meme coins, they do not really care if the gas fee is that high as they are only making a few transactions, and after the pump is over they will sell their meme coins and exchange them for bitcoin anyway, so they are nowhere near as bothered by the high fees as a regular user of ethereum that does not care about meme coins would be.

The hype won't last for long. Especially when ETH has limited transaction capacity. Chains like Solana and TRON are better for this. I'd expect whales and early adopters of "meme" coins to benefit from the hype. The rest will get "rekt" in the long run.

It seems money is flowing into "garbage" after the recent plunge of both the crypto and stock market. Investors are trying to make money one way or the other. It's too risky. I, for one, have never been into "meme" trading and never will. Serious coins like BTC and ETH are much more appealing to me. You are free to do whatever you want with your money. Just don't start whining if you lose it all in an instant. :D

Agreed with this take, despite having so much gain, never really got me seriously interested into investing in them because lets be frank here, if we want volatility, just go 200x leverage on BTC or ETH then we got volatility already without the risk of delisting or rugpull, I just don't understand the hype surround memes at all.

especially the meme in ETH, we all know how bad ETH has been this week around, literally so low in trading volume compared to competition heck despite ETH ETF going live it's outperformed by solana by signifcant margin, I don't think whatever meme coin ETH gonna be that great aroudn this bullish cycle.  ::)

Great points in both of your posts. SOL is the king of memes, in my opinion. And that won't change in the near future.

It's true what you're saying; there's a lot of Neiro that comes up when you type his name in coinecko, and we can see that there's an under of the ETH network, Base, and Sol. Now if I'm a meme coin hunter, I'll take it for sure of risk in these, then I just hold for the short term and I will probably get a profit in them immediately.

Now, if we are talking about the long term, it can also be a 50/50 chance, especially since we are still in a correction period that can be considered, so the only sureball that is high and good here in the long term is Pepe, Shib, Toshi, Bonk, and Bone, in my opinion and just a guess.

If we talk about Neiro on ETH, it actually grew quite well after the situation with Vitalik Buterin dumping lots of tokens that he was given for nothing, just because of the hype (as I see it). So there are many factors to take into account, however, it's still risky in the end.

We can see from various aspects that ethereum has created its own community with many networks that can be exchanged both in the form of altcoins and memecoins which are currently trending, neiro is rising very rapidly but not far from other meme coins, every time the pump price is high there will be a dump in suddenly. Now money is definitely flowing in several networks that are being developed by Eth and Memecoin which are close together to form a network that can influence market prices.

Memecoins are always risky and the reward is quite juicy too. Vitalik dumped but neiro community was active. If you check the exchange chart I posted. Neiro recovered very well. I'm farming the token though. With the narrative and Ogs involved. There's a huge possibility this would do well long term...