This is heartbreaking

[FloridaKid]

I decided to check out coinmarketcap.com/new today for any new listed projects but what I saw is heartbreaking, many people are just creating versions of their own meme coins over and over, if you see this and you don't have a change of mind about meme coins you will forever be a fool



They are patiently waiting to start an hype and idiots who want to buy Mansions in a week will start buying in

[ryzaadit]

They are patiently waiting to start an hype and idiots who want to buy Mansions in a week will start buying in

If you asking who is gonna buy this idiots token?

Off course the Idiots person who bought the token ~XD Anyway, from my opinion cryptocurrency user is the most easy to be victim of scam with such a new project or easy for targeting scam. That's why, we're crypto is really a heaven space for a scammer because the scammer can easily get out without being track or going to jail~LOL.

[tyz]

Why is it heartbreaking?
People can create as many coins as they want, the question is whether they can find enough people to make such a project a sustainable success. Over the years, there have been hundreds if not thousands of different meme coins or tokens, and in principle only two have prevailed: Doge and Shiba Inu. All the others have disappeared from the scene. The same will happen with these coins. So nothing you should waste your time with.

[KaliLinux]

I decided to check out coinmarketcap.com/new today for any new listed projects but what I saw is heartbreaking, many people are just creating versions of their own meme coins over and over, if you see this and you don't have a change of mind about meme coins you will forever be a fool



They are patiently waiting to start an hype and idiots who want to buy Mansions in a week will start buying in

But the question I want to ask here is, I understand it takes a couple of processes to get listed on a platform like coinmarketcap.com so how do these shit coins get listed easily like that?
It is a crypto space where people believe they can invest in anything and make turns of money, rightly so or maybe not but people that will invest will 

[Bitcoinjheta]

Those crypto enthusiast knows the value of this token compared to those top coins in the market list. They are just part cryptoworld but not on the profitable side. Unless it will be supported with highly influenced people.

[ryzaadit]

But the question I want to ask here is, I understand it takes a couple of processes to get listed on a platform like coinmarketcap.com so how do these shit coins get listed easily like that?

Coinmarketcap just a coin provider information.

If your coin meet the criteria listing from coinmarketcap they will be listed no matter scam or not : https://support.coinmarketcap.com/hc/en-us/articles/360043659351-Listings-Criteria check there to know the fully information how to get listed on coinmarketcap.

[Jackl87]

I decided to check out coinmarketcap.com/new today for any new listed projects but what I saw is heartbreaking, many people are just creating versions of their own meme coins over and over, if you see this and you don't have a change of mind about meme coins you will forever be a fool


They are patiently waiting to start an hype and idiots who want to buy Mansions in a week will start buying in

I totally agree with you here and to be honest i am still baffled that this meme-coin hype is still ongoing and that there are people out there that are still buying into new meme-coins everyday. I mean if at least 10 new meme-coins come up every day it should be pretty obvious to everyone out there, that 99% percent of them will be completely gone in a few weeks or maybe months. I guess that most of those early investors are experienced day traders that buy into these coins as soon as possible that dump on people that buy in later once those projects are listed on coinmarketcap and so on. It's sad to see that projects like this take away money and liquidity from real projects with a use case.

[Mpamaegbu]

But the question I want to ask here is, I understand it takes a couple of processes to get listed on a platform like coinmarketcap.com so how do these shit coins get listed easily like that?

You're right with your observation. I have often wondered how that came to be too, knowing that in the past part of the Coinmarketcap (CMC) requirement was that the proposed token/coin would first get listed on two exchanges and with a certain trading volume of not less than $50,000 or so (I ain't sure any more now) before the CMC would consider a project. Then the CMC dominated this industry like a lord until Coingecko came on board. That isn't so any more. Projects now get easily listed on CMC as fast as the speed of light because CMC has to soft pedal to woo projects for patronage. Otherwise, it would lose that project to Coingecko's listing. I believe this is what makes every new project (shit projects inclusive) get easily listed on CMC now.

[Ucy]

I decided to check out coinmarketcap.com/new today for any new listed projects but what I saw is heartbreaking, many people are just creating versions of their own meme coins over and over...

Well, the site shouldn't be making it easy for people doing this to scam people and spam crypto space with substandard projects. There will always be copy cats who will take advantage of a situation to become rich, rather than creating something useful and safe for people. Sites should make it difficult for them to be exposed to the public just like that . You'll need to pass certain Cryptocurrency Standards before your project can be visible to the public for serious use.

[cryptomaniac_xxx]

Why are you affected though, this is the new ICO, popping like mushrooms and then just wait for newbies to fall for it, rinse and repeat for this developers. So this is the danger of crypto investments, if you don't kno what you are doing and just riding the hype, you are going to lose tons of money here. This is not a get rich quick scheme, it's a long and hard journey. Of course you might get lucky, but what are the chances of you becoming a crypto millionaire by investing on those meme coins?

[kryptqnick]

It's fairly easy to create a token, so companies as well as individuals play around with them. These coins are not likely to succeed, but there's some chance of it if newbies invest by mistake of not taking into account marketcap and overall popularity of coins. Dogecoin is a meme coin, boosted by Elon Musk, but it's also an old and popular altcoin that has been used in the gambling industry for years, whereas these coins are just completely useless clones. But it's an open market, so everyone has their right to multiply the amount of tokens, adding their product to thousands of others.

[Yaunfitda]

This is close to a scam attempts already, the people behind the project are really taking advantage of newbies just joining the market and then hopefully they invest on this so called meme coins, all copy cats of Doge of course. And this is the after effect of Elon Musk twitting about Doge. So it's a domino effect and I would say that it is really bad for crypto in general. This could be worst that 2017's ICO craze.

Now they can just hire someone to create this meme coins, go to 4chan to promote it and then the shills will come to make the project look legit.

[malcovi2]

Those crypto enthusiast knows the value of this token compared to those top coins in the market list. They are just part cryptoworld but not on the profitable side. Unless it will be supported with highly influenced people.

those people are not crypto enthusiast, its people chasing quick gains that makes them a gambler. Crypto enthusiast are people who support blockchains that bring benefit to crypto not those who chase for profits only.

[husdemba]

Many of these are scam assets. People will look for ways to get free money after Doge and Shiba. Many merchants of hope can deceive people about this. You should never invest in these assets, if you do, you should invest very small amounts of money.

[o48o]

You have to remember that this market mostly consists from idiots and idiots have ton of money to spend. These people are not in here for tech, they are literally hunting anything that could moon and milked by people who are smelling dumb money because tokens are easy and fast to create. Before this there were ton of useless bitcoin forks right after bitcoin mooned violently.

This happens when people can't tell apart what's good and what's not, nor do they care.

Imho meme tokens should be categorized as such by binance in cmc by grouping them. It hurts to see Inu Shiba under "innovation" when there's zero innovativity behind it.

[Skinny48]

I decided to check out coinmarketcap.com/new today for any new listed projects but what I saw is heartbreaking, many people are just creating versions of their own meme coins over and over, if you see this and you don't have a change of mind about meme coins you will forever be a fool



They are patiently waiting to start an hype and idiots who want to buy Mansions in a week will start buying in

But the question I want to ask here is, I understand it takes a couple of processes to get listed on a platform like coinmarketcap.com so how do these shit coins get listed easily like that?
It is a crypto space where people believe they can invest in anything and make turns of money, rightly so or maybe not but people that will invest will 

Coinmarketcap have no business poking nose into how good a project is if how bad it is for the world, the job of coinmarketcap is to make every coins and tokens available in one list and provide the projects information to the world

[elda34b]

It's been like this as far as I can remember. This is one of the downside from decentralization. A lot of people come up with silly and scam ideas to get money from retail investors. Pretty sure it will die soon, and then the new trend will start. It's just one cycle after another. You'll probably lose a lot of money unless you're lucky.

[WalkerIVIV]

TBH, CMC was degrading after it got acquired by binance. So many shitcoins can enter into the CMC easily without any validation. There are bunch of scammers keep issuing more and more scam coins.
Those who have bought such garbage tokens have no brain. In my opinion if they were fully manipulated.
I will always try to avoid any scam coin like those coins. I hope that CMC will put a strict requirement to listing a new coin.

[Trinx01]

Well, only beginners will be a victim for theses new meme tokens, there are already a lot of new tokens listed in the coingeko, I am really wondering the amount of volume and the number of people who bought the token, it just like means that cryptocurrency is now having a lot of newbies and they are really investing in some meme coins. Cryptocurrency is really full of scammers and beginners are always the victim of these scams, well even the expert already got scammed before, I am just hoping that they will just learn from the mistakes.

[gurunanakji777]

These meme coins are not helping the market these are all ruining the image of the crypto market because these all meme coins are pump dump coins only a few people earn and the majority of the investors book the huge loss in the end. Nobody can control such a project because it is decentralized but as investors and traders we should think sensibly should focus on traditional coins that are much much better than these coins they will not diminish like meme coins. Only those who are launching such projects with dirt-cheap prices are making huge money from the amateur investors/traders who want quick money and they are successful in trapping such investors/traders.