Are memecoins really important for the crypto market?

[Kocret02]

I want to hear your opinion about memecoin in the crypto market:

• Do you support the existence of memecoin in the crypto market?
• Have you ever invested in memecoin? Which memecoin is that?
• Has your investment in memecoin brought you joy, profit or loss?

Yes, I really support the existence of memecoins in the crypto market because I think memecoins can provide a different color from altcoins in general and memecoins can compete with altcoins.
and I have held memecoins such as doge and shiba inu for some time, and both gave me great benefits.

[Taskford]

I want to hear your opinion about memecoin in the crypto market:

• Do you support the existence of memecoin in the crypto market?
• Have you ever invested in memecoin? Which memecoin is that?
• Has your investment in memecoin brought you joy, profit or loss?

Yes, I really support the existence of memecoins in the crypto market because I think memecoins can provide a different color from altcoins in general and memecoins can compete with altcoins.
and I have held memecoins such as doge and shiba inu for some time, and both gave me great benefits.

The advantage of memecoins existance in the market is

It could able to create awareness to those people who doesn't know about crypto and they will be aware that memecoin and other altcoins exist.

Disadvantage is we all know that most of them are scam so it will be unfortunate for new people in the market will encounter such unfortunate situation since we might see them lost a lot of money for believing that memecoins could bring a lot of money to them, but its bad that the scamming is the one they experience from those memecoins.

People need to know that memecoins is so risky so invest only what they can afford to lose.

[avarnet]

I think meme coins are not very important for the crypto market, many other altcoins in the market have given many real advantages such as ETH which is the strongest, meme coins are just a game and a joke made in the crypto space. With so many meme coins appearing in the crypto market, almost polluting every market without any certainty, many people are tired of the current existence of meme coins.

[Godday]

The advantage of memecoins existance in the market is
It could able to create awareness to those people who doesn't know about crypto and they will be aware that memecoin and other altcoins exist.

Some of my friends got to know crypto because of the hype of meme coins. Meme coins usually have a strong community and therefore they also diligently promote them on social media. Compared to cryptos like Bitcoin or BNB which have many technical aspects, meme coins only offer to buy and wait for the price to rise and make a profit. Because of that, people became interested and after that they became aware of other cryptocurrencies that had more real use cases than meme coins.

[redsun114]

I mean aside from bitcoin and maybe ethereum, I do not think that anything is important for the crypto world, doesn't feel like it would be a must. Memecoins are of course not important at all, all the things they claim to do for the market was done before the meme ones to other stuff, they are not brining extra new money, and even if they do, then it is a small amount that is insignificant that would not be missed.

All in all, I believe that we should not be really considering them as important at all, we should consider them as something that is useless and just happens to be a bug in the system. They do hurt a lot of peoples economy as well, their price gets inflation by few tokens at start, and then crash when all the tokens are released, making people lose money hand over fist.

Memecoins are exactly how you mean, but it is not true for just any coin. All those others, bnb, sol, matic, ada, and many others like that are still quite important for the crypto world and they are not that small. I am not saying that they are the only ones that matter, but I think it is quite important to realize that we are going to end up with something that will take a while, and we should be careful about it.

I personally believe that the best thing to do right now would be just focusing on how to grow, and that means we are not going to get anything that will change stuff too much, and in that situation I feel like we are going to actually make a good income from it if we know what we are doing, will definitely help you in the end.