Meme coins have no use case

[Cute Doggo]

Recently, we saw so many people buying Meme coins, hoping for a new Doge. At first, some profits could be made but it didn't last long.


Keep a realistical point of view

From a realistical point of view, Meme coins don't offer any improving feature, it's just pump and dump, pure speculation. If nobody will buy it anymore, it becomes obsolete. Behind Meme coins, no innovative technology can be found.
Meme coins can be used for payment, but also like every existing project, so why not using Bitcoin for it? No seller will accept dozens of Meme coins.
We should ask us ourself: which benefits can a Meme coins really offer? And our answer will be: none, it's just speculation.

We can assume: when we don't have any hype, such projects will crash.


Buy innovation instead of hype

Crypto is still very early and we will see so many projects build on crypto. But good projects will not be build on Memes coins, good projects will be built on solid platforms where all features are available for a high-scaled and decentralized.
Such projects are for example IOTA and Avalanche, rising and innovating Blockchain standards and showing a clear vision for technological standards. IOTA has a record of being an innovative and internal leading projects for industrial standards, coming from Germany and already partner of industry leaders. Avalanche has established to arise as an interoperable project also for economic solutions, like decentralized finance but also government cooperation. A highly relevant feature of Avalanche will be subnets, where each industrial or governmental standard can be met - powered by Avalanche.
Such projects will be innovative and important to buy because whole industries will be built on it - not on Meme coins!

Meme coins are just pump and dump and have no real value. When crypto shows its true potential, Meme coins won't play a big role anymore.
Conclusion: Invest wisely and research about projects for industrial, economical and governmental use!

[1714816143]

1714816143

[1714816143]

1714816143

[1714816143]

1714816143

[1714816143]

1714816143

[1714816143]

1714816143

[Cute Doggo]

Looks like it turned out right for Meme coins, market is very bearish right now for Meme coins.

Considering only to buy a useful projects has better chances and potential. 

[Ghondronk]

That is the bitter truth behind the Meme coins. Once the Doge started to go up (when someone tweets), people started to think that it may easily go pass the BNB and even Ethereum. With that hype, people started to create more and more meme coins, which do  not even have any use case. As it started to collapse, they became worthless pieces of assets and I do not think anyone would invest further on such coins which do not have a proper case at any means.

[DeathAngel]

Some people do well but it’s a minority really & you really do risk losing everything with these type of investments. Stick to bitcoin & other established alts rather than risking with meme coins.

[haidil]

some Fomo people are so hype about this coin because they are so confident in backing up a billionaire without them realizing the dangers that lie behind them.
I think they are now regretting what they did to glorify this meme coin

[bekti3]

because they trust the words of the billionaire too much and I think their expectations about this coin are too big so the reality that is happening now is that many people don't want to accept and still hope with a pump from a billionaire.
I think it's very risky again and I'm sure a lot of people will be disappointed with this

[serjent05]

Meme coins can have a use case depends on the developer's roadmap.  After all, being a Meme coin is only a label, development and roadmap depends on the developer themselves.  Just, for example, a dogecoin can be developed into a more useful one but sadly developers are quite lazy to do something about it.  Many other newly created Meme coins are following Dogecoin's footsteps but some of them are actually planning to put a real-life application such as creating dexes as a service, while others are to develop a platform where anyone can enjoy purchasing something where their Meme token is the main medium of exchange.

[livingfree]

Stick to bitcoin & other established alts rather than risking with meme coins.

They don't want to do this.

What they've been believing is that Elon is with them and meme coin is the future. Well, they'll be learning the lesson the hard way when most of these meme coins starts to drop in value.

Bitcoin and owning other good altcoins would still be the good strategy or if someone cannot avail to hold other altcoins and wants to stick to bitcoin, that's also a good strategy.

[susuberuang]

Looks like it turned out right for Meme coins, market is very bearish right now for Meme coins.

Considering only to buy a useful projects has better chances and potential. 

Yes, it is very clear because when the meme coin market is in a bearish condition, it will be very risky to continue buying it, even at a low price point, because meme coins take a very long time to bounce back, and even then if there is support from the news which is good in the crypto space.

[Asuspawer09]

Recently, we saw so many people buying Meme coins, hoping for a new Doge. At first, some profits could be made but it didn't last long.


Keep a realistical point of view

From a realistical point of view, Meme coins don't offer any improving feature, it's just pump and dump, pure speculation. If nobody will buy it anymore, it becomes obsolete. Behind Meme coins, no innovative technology can be found.
Meme coins can be used for payment, but also like every existing project, so why not using Bitcoin for it? No seller will accept dozens of Meme coins.
We should ask us ourself: which benefits can a Meme coins really offer? And our answer will be: none, it's just speculation.

We can assume: when we don't have any hype, such projects will crash.


Buy innovation instead of hype

Crypto is still very early and we will see so many projects build on crypto. But good projects will not be build on Memes coins, good projects will be built on solid platforms where all features are available for a high-scaled and decentralized.
Such projects are for example IOTA and Avalanche, rising and innovating Blockchain standards and showing a clear vision for technological standards. IOTA has a record of being an innovative and internal leading projects for industrial standards, coming from Germany and already partner of industry leaders. Avalanche has established to arise as an interoperable project also for economic solutions, like decentralized finance but also government cooperation. A highly relevant feature of Avalanche will be subnets, where each industrial or governmental standard can be met - powered by Avalanche.
Such projects will be innovative and important to buy because whole industries will be built on it - not on Meme coins!

Meme coins are just pump and dump and have no real value. When crypto shows its true potential, Meme coins won't play a big role anymore.
Conclusion: Invest wisely and research about projects for industrial, economical and governmental use!

I agree with that, something that doesn't have a utility is not worth investing in since in the long term it could easily fall down its price value and make it riskier when it comes to long-term investment.

Most of the time coins like this are jump pump and dump because the price pump is just because of the hype in the market so after a pump there is always a dump coming for sure.

But I guess DOGE coin is a little special at most of the meme coin because it has a big community that believed that DOGE coin will be a currency that you could use.

[zonefloor]

It was the cryptocurrencies that were already issued under the name of memes that sank the market. It doesn't have any technological development, it's a worthless entity that emerged purely for the purpose of fomo. People looked that as the doge was inflated by Elon Musk, he shifted their investments. People who wanted to take advantage of the opportunity immediately created an interface with a simple site, issued tokens and released them to the market. They made very serious profits. But my advice is to stay away from it as much as possible. Even if you are still going to invest, it will be to determine the amounts that do not upset you and the point you need to exit.

[nurilham]

Memecoins may become the next shitcoins because they exist because of the Hype only.
Well, the only thing we can utilize from this coin is only trading for a short-term period and we must be wise and smart in deciding the right time to buy and also the right time to sell. Once that coin has risen up and has reached the target, it is better to take profits. however, if you are really not sure about the chance, it is very better to avoid this kind of token. That is too risky.

[wajik-tempe]

If we want a quick profit we have to agile in this kind of volatile market like crypto. Meme coins could easily pumped hard even the coin has no future plan at all. The internet was already spreaded around the world and the information can spread to all around the world in seconds. So we have to be so agile if we want to survive in this market, or we just holding a good fundamental coins for a long time investment

[poodle63]

Even after reading this post, people will buy doge out of greed. I think until people lose money, they will not think about the futility of this investment

thats the point, these newly made meme coins are made simply to get all those greedy people into the market to become victim, these kind of greedy people who
think they could make millions are usually the one that make such haste and bad decision making them trapped and gets into the FOMO.
See how many people are angry at elon when doge goes under after elon try to shake the crypto market, so many people are actually insulting him because
the market didn't go up when they just got in while in reality, they are too late and they are the victim of fomo because too greedy.

[cabron]

If we want a quick profit we have to agile in this kind of volatile market like crypto. Meme coins could easily pumped hard even the coin has no future plan at all. The internet was already spreaded around the world and the information can spread to all around the world in seconds. So we have to be so agile if we want to survive in this market, or we just holding a good fundamental coins for a long time investment

If I wanted to be sure of the investment I'd rather be holding good fundamental coins with use cases for a long-term investment. With Dogecoin, you will have to be watching all the time its chart and read what is going on in the community seeking if there is a sign of dismay. You just can't see the signs like how Vitalik dumping Shib tokens, you wouldn't be able to know this ahead of time.

[yazher]

some Fomo people are so hype about this coin because they are so confident in backing up a billionaire without them realizing the dangers that lie behind them.
I think they are now regretting what they did to glorify this meme coin

The hype makes them think that whatever the cost of their loss will be, it will automatically be recovered if those big-time investors put their money on those coins, and guess what? none of that has happened. Some people already get some decent amount of income but those who came, at last, are the ones who lost too much of their investment. Most of the time if they already finished with their pump and dump plan they will create another one and create another hype just like the last one. everyone should learn and not trust such hype anymore.

[maxreish]

No use case but then meme coins has been patronized by most of the investors thst is why they tend to survive until now. Its all about how active that trading volume, if they tend to have high trading volume even if they dont have a use case and been recognized as a good coin for trading, then it can still be useful for crypto market.

[isaac_clarke22]

~

Sad, but you cannot stop people from buying from your second point.
Hype yields them quick profit and they would not even care nonetheless of how the coin becomes in the future and so.
Some just wants to crap around crypto space and you cannot avoid them just like how some "joke" businesses pop up these days trying to be "meme-ish" from the trends.

[Bohdan820]

I fully agree with you on this issue. Just before investing we need to understand that not all promising projects will bring profit and those that will bring profit will most likely not give it soon and this is normal. Quick profits tend to turn into even faster losses that most likely will never recover.

[jambul_kribo]

I fully agree with you on this issue. Just before investing we need to understand that not all promising projects will bring profit and those that will bring profit will most likely not give it soon and this is normal. Quick profits tend to turn into even faster losses that most likely will never recover.

that's true, i am hold project with high quality usecase and product but unfortunately its price still lower than shitcoins in market. looks like investors or traders want quick profit by joining on pump and dump coins. although high quality project, but when its price dumped , holder easily panic . meanwhile in shitcoin , when they see price dump for them its good opportunity.