Meme coins have no use case

[deathcode]

I always have this idea that memecoins are worthless in the long run and that the ones who get rich in memecoins are the ones who got there and invest very early. Maybe some will say they do not have real world use or that the developers are to lazy to anything anymore. But there might be active memecoins who wants to do more and become more than what Dogecoin has achieved. All you need to do is to become more into researching at least give yourself one day research per coin and you might be able to achieve your dreams.

however, the risk is too high to invest long term in meme coin. especially for coins from new projects trying to create hype in the market.
because the case with Dogecoin is very different. Dogecoin has been on the market for a very long time and the growth of the Dogecoin ecosystem is huge. the situation will be different for a new project. we don't know how long they will survive and be able to compete in the crypto market.

[Naficopa]

~

But most of it are all from hypes, or am I missing something here? Like how would even one get its use if the true purpose of it is to be like just a meme coin in the end.
Just like the Musk era that happened, I imagine how many people realize that they were just throwing their coins into a meme coin.

Always during the bull run, speculators appear on the cryptocurrency market who invest without even knowing what they are buying. When the bear market starts will they begin to educate themselves and understand that they lost money, because they have bought a meme coin that has no use. Of course, a meme coin can be used for payment, but I am afraid that no meme coin will gain as much popularity as to be more adopted than any classic coin.

[Luffygroove]

Very well said, I can't agree more. IMHO, meme coins hype was only a dynamics in the crypto world. It's for sure can tone up the market a bit and invite more people to know about cryptocurrencies. But we can't let people lull by it and create many victims because of that because if we let it for too long, it's not impossible that the crypto world would be known as a pump and dump scenario without any further utilities or technology behind it. This is so dangerous for the crypto future. Let's be wise for the longevity of the crypto sphere.

[ethereumhunter]

I do not know if meme coins have a use case or not, but meme coins are just for fun, and if you can make a profit from those meme coins, that will be good. Like what happened with Dogecoin, it is a meme coin, but Dogecoin can survive until now and suddenly, the price can increase. It makes developers attract to create similar meme coins and they hope that their coin can follow Dogecoin.

[imstillthebest]

When crypto shows its true potential, Meme coins won't play a big role anymore.

what true potential . is it when the price pump ? but your forgetting that when btc pumps , other coins including meme coins can also be dragged upwards .
they wont lose their shine that way but that doesnt define a big role . meme coins role are only for easy profit and once your done you can dispose them but real cryptos is the one that has a big role .

[warg2017]

I think is too risky to invest in meme coin, and that's all.No use case? I don't think so, does Dogecoin no use case? As long as the consensus of meme coin is strong enough, it may also be used for payment, but is very very hard i think. By the way, i don't think those are named technical coins have any use case, for example, eos. In a word, i don't suggest buy meme coin just because of the risk is too high.

[OcTradism]

Indeed, most people who invest in meme coins do not plan for the long term, they just want to feel the profit from the hype that occurs
in meme coins. It's not healthy and it's best to avoid investing in meme coins, because the risk is very big. If we are late selling the price
at the peak to recover it may take a relatively long time, or we can make the wrong decision, finally buying meme coins at the peak price is
also not a good thing. There are so many risks that can occur when we invest in meme coins, because from the beginning, meme coins did not
have a clear use.

Meme coins are similar to altcoins. You can not classify all altcoins are good, bad or scam. They are very different in quality and the teams created those coins and develop them are important.

I agree  most of meme coins are useless because they have no usecase, no real company behind and no development plan. Fortunately, you always find some scarce cryptocurrencies, meme coins that have real and legit teams, trusted companies behind.

Today I saw that meme coin, Eloncoin, and I believe that it is a legit meme coin. It is created by lightlord or his team. Lightlord is the owner of two gambling sites, Bitvest and 777coin. You can think that coin will be used on those casisnos.

[ANN][EMC] Eloncoin - Mars, here we come!! 🚀 - POS Energy Efficient.. You can get airdrop in Discord.

[Jackl87]

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. 

Yeah thank god the hype about meme-coins without any actual use-case seems to die out slowly at the moment and rightfully so. I have always been of the opinion that this sudden hype about meme-coins that started 2 months ago or so was very harmful for the whole crypto space and at least in my opinion also one of the main reasons why we the market started to dump in mid may. I mean one or two  new meme-coins are hurting nobody but during the peak of the meme-coin hype there were dozens of those coins coming out every single day and many of them had tradings volumes of 10M$ and even way more.

[jrrsparkles]

I think is too risky to invest in meme coin, and that's all.No use case? I don't think so, does Dogecoin no use case? As long as the consensus of meme coin is strong enough, it may also be used for payment, but is very very hard i think. By the way, i don't think those are named technical coins have any use case, for example, eos. In a word, i don't suggest buy meme coin just because of the risk is too high.

Dogecoin becomes successful after it influenced by Elon Musk and other rich people but Doge coin Exists here aor almost a decade now, then why suddenly it becomes useful?

If someone don't know the fact, I just want to mention that the actual developer of Doge sold all his coins a very long time ago but its still in the circulation due to the bump and dump.

[Rexler]

Still wondering why people trusted Elon Musk so much and started buying dogecoin, in a couple of months crypto investors went from investing in projects with real use case to investing in meme coins and so many people got burned for it, buying a meme coin makes no sense to me honestly, meme coins are for fun nothing more, there's no incentive for it to pump aside people shilling it, I would rather buy a coin that has a real use case than investing in any meme shitcoin.

[brightemo]

The main point of meme coins are mems, cmon is stated right in their name. Of course they dont have use cases

[Nalbo]

If you think about real world use case, that might be true. But we are getting a completely different financial and virtual environment within the internet. We are making possession and capital through NFTs and crypto. Utility tokens help other crypto activities to prosper. Meme coins are exciting and trendy. Use case arises when you believe you are using it.

[justdimin]

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.

Memecoins are just another part of momentary system; why do we need only serious things whereas there will be a room for everything? I mean when a community support then anything can be used for momentary exchange and there will be no compulsory of being an innovation based thing alone to be used as money for day to day life.

I am always against on pump and dump but there were lots of copycat coins which were being built just to suck investors' money whereas some coins are coming up by announcing themselves as non-serious one and people are supporting it and I am not seeing any wrong on investing with them as well.

[kesmex]

I think is too risky to invest in meme coin, and that's all.No use case? I don't think so, does Dogecoin no use case? As long as the consensus of meme coin is strong enough, it may also be used for payment, but is very very hard i think. By the way, i don't think those are named technical coins have any use case, for example, eos. In a word, i don't suggest buy meme coin just because of the risk is too high.

Very good advice, because everyone also knows that coin memes are just trash coins that don't have any function so without you giving an example, some people have steered clear of coin memes.

That's right and it's obviously useless if we invest in coin memes,
I don't even have high hopes for coins like that either,
much better to invest with coins that have a clear project or we can invest in the top 10 coins

[btcltcdigger]

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!

You are absolutely right. Meme coins are shitcoins, and as such, are only good for pump and dump.
And don't get cocky, as soon as it pumps, the team behind it will dump. If you're lucky, you might get some profit, but at the cost of so many naive people losing money

[serjent05]

You are absolutely right. Meme coins are shitcoins, and as such, are only good for pump and dump.
And don't get cocky, as soon as it pumps, the team behind it will dump. If you're lucky, you might get some profit, but at the cost of so many naive people losing money

Isn't it the nature of the cryptocurrency market?  Bitcoin, Meme Coin, Privacy Coin, and any label fall under the pump and dump schemes.  Whales accumulate, then pump the price before dumping their stash, create fud to accumulate again, and the cycle restart.  Anyway, I always believe it all depends on the developer, ETH, and any other known altcoins had been subject to dev dumping their stash, but if you know any dev that doesn't sell their coins I will admit I am wrong then.  Though I agree 100% that in order for one to get a profit, someone needs to produce in order for us to gain profit.

[ethereumhunter]

I do not know if meme coins have a use case or not, but meme coins are just for fun

This is the point and you got it. The main purpose of meme coin is just for fun but these days due to the steady profit and people have been starting to change their opinion if the meme coin was not for fur but its' for money.
That was creating a new opinion if the meme coin should have a useful product and that can bring them all huge profit instantly like doge and shiba although these coins didn't have usecases.
These days people are so crazy for money.

That is because Elon's tweet about Dogecoin makes the price is the rise and hit the highest price. The meme coin will be for fun but it is hard to see if the meme coin will use cases. Besides Shiba, I heard that Ginux is following Shiba and Dogecoin, but I never know the truth. Maybe the meme coin can be for long-term investment and more than 5 years of holding.
If that is about money, people tend to become crazy and not thinking much.

[btc78]

I think is too risky to invest in meme coin, and that's all.No use case? I don't think so, does Dogecoin no use case? As long as the consensus of meme coin is strong enough, it may also be used for payment, but is very very hard i think. By the way, i don't think those are named technical coins have any use case, for example, eos. In a word, i don't suggest buy meme coin just because of the risk is too high.

Very good advice, because everyone also knows that coin memes are just trash coins that don't have any function so without you giving an example, some people have steered clear of coin memes.

That's right and it's obviously useless if we invest in coin memes,
I don't even have high hopes for coins like that either,
much better to invest with coins that have a clear project or we can invest in the top 10 coins

But there are some Meme coins that has been long running in this market and also making good growth , but like you?
i don't support any of these coins because i don't believe in its future and for me those coins are manipulated currencies that will die eventually even before the crypto adoption happens in the future.
but of course there are some coins that will remain though i don't wanna risk my money for those and instead will by regular coins .

[killerfrost]

I think there is no distinction here, I would choose both. I really like erc20 because from what I have used before, I realize the familiarity as well as the simplicity. And BSC is similar, and it also brings many better utilities. And many people still use it for fud Ethereum, but those who have faith in it see that the problem will soon be solved and there will be no problem again

[FanEagle]

i don't support any of these coins because i don't believe in its future and for me those coins are manipulated currencies that will die eventually even before the crypto adoption happens in the future.

When mainstream crypto adoption will be happening, I believe all kind of coins which are already known to people and having some significant user base might be reaching its peak levels. This way I believe, no one is going to be bothering about what kind of usecase one coin will be having but they will simply adopt what already is known for them. So, how famous one coin right now might be deciding its fate in the future.

I mean when a community support then anything can be used for momentary exchange and there will be no compulsory of being an innovation based thing alone to be used as money for day to day life.

This is what exactly happening right now and one good and famous example must be dogecoins. Traders and investors will not be going to bother about what kind of use case one coin will be having but they will simply adopt whatever is famous and already being used by most people.