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Author Topic: Curious About Meme Coins on CoinGecko – Are They Worth the Hype?  (Read 100 times)
KillerEyez (OP)
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August 11, 2024, 02:16:05 PM
 #1

Hey Everyone,

I’ve noticed that CoinGecko lists a bunch of these meme coins, and it seems like they’re being taken more seriously by some people in the community. Coins like Dogecoin (DOGE) and Shiba Inu (SHIB) are frequently mentioned, but I’m trying to understand what sets them apart from the thousands of other altcoins out there. Are CoinGecko meme coins just riding a wave of social media hype, or is there something more substantial behind them?

A Few Questions I Have


  • CoinGecko’s Role: How reliable is the data on CoinGecko when it comes to these meme coins? Can it help in making informed decisions, or is it more of a guide for what’s trending? Should CoinGecko altcoins be considered better than the others?
  • Hidden Gems?: Are there any meme coins on CoinGecko that aren’t getting as much attention but could be interesting to watch? I’d love to hear about any that might be flying under the radar.

Looking for Insights

I’m really interested in learning from those of you who have more experience with these coins. What should someone like me, who’s just starting to explore this area, be aware of? Any tips or insights would be greatly appreciated!
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August 11, 2024, 02:58:15 PM
 #2

  • CoinGecko’s Role: How reliable is the data on CoinGecko when it comes to these meme coins? Can it help in making informed decisions, or is it more of a guide for what’s trending? Should CoinGecko altcoins be considered better than the others?

Coingecko use the data directly from exchange and impressions made by the user browsing their website so their data is pretty accurate when it comes to trending. However, some projects use fake traffic to manipulate the result to make their project trending so this is an exemption scenario.


Quote
  • Hidden Gems?: Are there any meme coins on CoinGecko that aren’t getting as much attention but could be interesting to watch? I’d love to hear about any that might be flying under the radar.

A meme coin already listed on coingecko doesn’t consider already as hidden gem since most of this meme coins consider coingecko listing is one of the meme coin achievements to hype the project. You can find under the radar memecoin outside coingecko.
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August 11, 2024, 08:01:26 PM
 #3

Are CoinGecko meme coins just riding a wave of social media hype, or is there something more substantial behind them?
It's just hype with many people looking to get rich quick and then move on. Be very careful when you start trading memecoins or else You can easily lose a substantial amount in no time due to rug-pulls.
A Few Questions I Have
  • CoinGecko’s Role: How reliable is the data on CoinGecko when it comes to these meme coins? Can it help in making informed decisions, or is it more of a guide for what’s trending? Should CoinGecko altcoins be considered better than the others?
  • Hidden Gems?: Are there any meme coins on CoinGecko that aren’t getting as much attention but could be interesting to watch? I’d love to hear about any that might be flying under the radar.
  • They even have a disclaimer about this if you look acrefully
    Quote
    IMPORTANT DISCLAIMER: All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.
  • I don't think so. The idea of a hidden gem is more of luck and a big gamble

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August 11, 2024, 09:45:56 PM
 #4

  • CoinGecko’s Role: How reliable is the data on CoinGecko when it comes to these meme coins? Can it help in making informed decisions, or is it more of a guide for what’s trending? Should CoinGecko altcoins be considered better than the others?
The data on Coingecko about meme coins is reliable, and there is information on coins or tokens listed on Coingecko that will help someone know if a meme coin is worth throwing in a few dollars. If someone told you that Coingecko has a meme coin, please don't believe the person because Coingecko hasn't developed any meme coin to be used on the Coingecko platform. Coins or tokens are listed on Coingecko so that holders of those coins or tokens can easily track the price of the coins or tokens they are holding and also get information about the coins or tokens market cap, total supply, circulation supply, and 24-hour trading volume without going to the centralized exchange where they listed.
Quote
Looking for Insights

I’m reaerested in learning from those of you who have more experience with these coins. What should someone like me, who’s just starting to explore this area, be aware of? Any tips or insights would be greatly appreciated!
Since you are a newbie in the crypto world, you shouldn't explore the world of meme coins because you lack the knowledge and experience to spot the meme coin that will do well. Meme coins are built with no solid idea behind them; nothing is guaranteed on a meme coin investment because they are based on hype to grow. Always do your research to help you stay informed and avoid unnecessary losses to scammers.

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TastyChillySauce00
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August 12, 2024, 09:23:44 AM
 #5

  • CoinGecko’s Role: How reliable is the data on CoinGecko when it comes to these meme coins? Can it help in making informed decisions, or is it more of a guide for what’s trending? Should CoinGecko altcoins be considered better than the others?
  • Hidden Gems?: Are there any meme coins on CoinGecko that aren’t getting as much attention but could be interesting to watch? I’d love to hear about any that might be flying under the radar.


1. Coingecko seemingly will review the request made through their listing request form but its not a guarantee that the coin isn't scam coin IMO, so never depend on coingecko without doing your own research because there might be some coin that will do rugpull despite already listed in coingecko. it's at the end of the day, DYOR.



2. in coingecko there are new crypto currency section where you can find low market cap coin that just got listed, but the problem with investing into these hidden gems are that it's either go up really high or it will go down and never to recover back again and then proceed to get delisted.

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August 12, 2024, 10:07:34 AM
 #6

Meme Coins are defined by Dogecoin and without Dogecoin we would not have heard of Meme Coins just as without Bitcoin there would not have been any cryptocurrencies.
Dogecoin was the first Meme Coin with low fees, real usage and an active user base.
Shiba Inu (SHIB) was the first coin to try to be an alternative to Dogecoin and has a good user base.


CoinGecko data is usually based on trading volumes and platform data so these coins will be ranked first.

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August 12, 2024, 04:45:14 PM
 #7

Hey Everyone,

I’ve noticed that CoinGecko lists a bunch of these meme coins, and it seems like they’re being taken more seriously by some people in the community. Coins like Dogecoin (DOGE) and Shiba Inu (SHIB) are frequently mentioned, but I’m trying to understand what sets them apart from the thousands of other altcoins out there. Are CoinGecko meme coins just riding a wave of social media hype, or is there something more substantial behind them?

A Few Questions I Have


  • CoinGecko’s Role: How reliable is the data on CoinGecko when it comes to these meme coins? Can it help in making informed decisions, or is it more of a guide for what’s trending? Should CoinGecko altcoins be considered better than the others?
  • Hidden Gems?: Are there any meme coins on CoinGecko that aren’t getting as much attention but could be interesting to watch? I’d love to hear about any that might be flying under the radar.

Looking for Insights

I’m really interested in learning from those of you who have more experience with these coins. What should someone like me, who’s just starting to explore this area, be aware of? Any tips or insights would be greatly appreciated!

I personally don't consider DOGE a meme coin. They help with low-fee transactions and also allow the introduction of miners, and there's always a fondness for it because it started it all. As for Shiba, I see it as a pure meme coin, which is only useful for hyper, nothing more. If you want some advice, invest in coins that have a project behind them.

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August 12, 2024, 06:56:41 PM
 #8

You of course observed in CoinGeco also listed hundreds of other MEME coins without DOGE & SHIBA, that doesn't mean all of those coins are hidden gem. Listing on Coingecko it’s not a big deal, Even you will checked carefully then will see a lot of SCAM projects are listed in Coingecko, So don’t take it seriously. DOGE & SHIBA both of most popular MEME coins that’s why maybe Coingecko just highlighted them that's it.

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