Are MEME Coins A NEW Trend

[trauchot]

Indeed, now there is a huge hype around Meme coins, but I am sure that this hype will end soon as these Meme coins were created only for making money and therefore many Meme coins have already died or are starting to die and people who have invested in these Meme coins are starting lose money and soon fewer and fewer people will invest in Meme coins as the risk of losing money in these Meme coins is growing every day and thats why its better not to invest in Meme coins.

[decentralisati0n]

There's nothing much to think about. They can add as many features as they want but they're still meme. Period.

Can a MEME coin be more then a MEME, take Doge Coin for example, what if Elon musk starts to use Doge coin to fund Space X missions? Does Doge become more then a coin that was just created as a joke.

[Hypnosis00]

Indeed, now there is a huge hype around Meme coins, but I am sure that this hype will end soon as these Meme coins were created only for making money and therefore many Meme coins have already died or are starting to die and people who have invested in these Meme coins are starting lose money and soon fewer and fewer people will invest in Meme coins as the risk of losing money in these Meme coins is growing every day and thats why its better not to invest in Meme coins.

It is going to have an end and it will just pump shortly and then start declining. That will be the role of hype, and we know that these coins could no longer be trusted for long-term investment but somewhat good for short-term deals. Could be good to try but need not get stuck with them.

And if we have some plan to invest in these projects, we should never think about holding but to take every opportunity to sell if there is a good price. But if we aim for a sure market return, have to choose for known and have existing products, not these meme coins.

[kevindjunaidi]

With the rise of Doge Coin, there have been countless MEME coins launch on different platform.
What are you thoughts on meme coins? Are they bad for the industry? Or Are they a gateway drug for newbies to enter the game?

for now meme coin is indeed trending and the price is increasing, but in my opinion it is very risky to invest in meme coin for a long time, because meme coin has no function, therefore I would advise you to invest in altcoin that are in the top 5 on coinmarketcap (ETH, ADA and BNB), because the risk is smaller and the price will definitely increase very high in the future, so you will definitely get a big profit from investing in ETH, ADA and BNB.

[Ararbermas]

With the rise of Doge Coin, there have been countless MEME coins launch on different platform.
What are you thoughts on meme coins? Are they bad for the industry? Or Are they a gateway drug for newbies to enter the game?

they are nothing like shitcoins what i mean is they are good only at the moment where they gaining money from investors but soon when they see it that they are not in a good situation like what happened now in the market they will always playing dead and doing nothing ..  See what happen to dogecoin i'm pretty sure this kind of meme will not long last especially those meme emerges after doge in my own opinion.. So i suggest never expect it can guarantee after all your efforts , its always too good to be true mate.

[FaucetKING]

The thing is that they are all shitcoins. And shitcoins are still cryptocurrencies, they can be adopted and bought by people all around the globe and no one knows if they really will pump in terms of price or no.
I remember Doge when it was valued at 0.001 and people had the hype for 0.01 and now it is valued at 0.5 and reached even 0.6+ that's hilarious. As a response to your question, yes we could consider them as a YES Entry for newbies.

[pinoycash]

The thing is that they are all shitcoins. And shitcoins are still cryptocurrencies, they can be adopted and bought by people all around the globe and no one knows if they really will pump in terms of price or no.
I remember Doge when it was valued at 0.001 and people had the hype for 0.01 and now it is valued at 0.5 and reached even 0.6+ that's hilarious. As a response to your question, yes we could consider them as a YES Entry for newbies.

Well newbies could be trapped on this meme tokens projects, Most newbies thinks that more coins they have the richer they will be in the future. With meme tokens having trillions in supply, Imagine the feeling of a newbie having 1 billion token in his wallet thinking it will worth something in the future without looking at the tokenamic or the total circulating supply. *in reality his 1 billion token only worth less than $1.

[wajik-tempe]

It will always be there, a meme coin is the field of the whale to make quick money from baiting newcomers and newbies (or maybe old traders with bad emotion at the market). They will inviting people who have big power in media to create the hype and they start pumping it like it was real. the victim will FOMO, some of the newbies could get profits if they leave at the right time but most of them are trapped

[Renampun]

With the rise of Doge Coin, there have been countless MEME coins launch on different platform.
What are you thoughts on meme coins? Are they bad for the industry? Or Are they a gateway drug for newbies to enter the game?

I don't think so, because meme coins are only bought by people affected by FOMO...

meme coins have made a lot of people lose, especially those who bought before the bear market. meme coin trend never existed.

[Sanitough]

This would not exist in the discussion if DOGE did not pump this bull run. Don't worry, it will not last long, DOGE will eventually dump and people will panic, that's the future I see for a hype coin and MEME coins also are part of the DOGE community, so I suggest don't invest it for the long run, it's only good if you like to play by trading it short term.

[ILuckyGuyI]

Meme coin is a new trend but I don't think it will last very long. I think that Dogecoin will be the only survivor in this trend. The rest of the meme coins will be destroyed in time.

[speedy963]

Sadly, meme coins really did become a new trend in the early months of 2021, even now there are still a lot of these meme coins that are being created including those that are still thriving and those that are barely hanging on. There really isn't anything much to think about when it comes to these type of coins. No matter how they mask it with several use cases, they still look the same in my eyes; sh*tcoins. I pity those who easily get tricked by the hype of these coins and invest at the peak just to lose a lot of money. I just hope that people would wake up and see how insignificant these type of coins are.

[Mahdirakib]

I don't think so, because meme coins are only bought by people affected by FOMO...
meme coins have made a lot of people lose, especially those who bought before the bear market. meme coin trend never existed.

Yeah, meme coin trend will end soon when people will fully realize that everything happens for manipulation in meme coins. Doge is one of the oldest meme coin of crypto market and it is well known in crypto world. That's why it got pretty good pump while Elon and other group of people started tweets about dogecoin.

So many meme coin has been launched on BSC and ETH network platform but they aren't getting much attention. Meme coins are obviously bad for crypto industry. There is a high chance of getting trapped by investing in those meme coins.

[Beparanf]

Meme coin is a new trend but I don't think it will last very long. I think that Dogecoin will be the only survivor in this trend. The rest of the meme coins will be destroyed in time.

It's not. This type of will never be a trend due to its nature of worthless token from shit. The only traders that buying this kind of token are those who didn't have much knowledge trading and just buying purely due to FOMO. Dogecoin is already losing its hotness to the people as well as other meme coin such as SHIB. I believe those who buy on peak suffer huge loss.

[Digital_Lord]

MemeCoins shouldn't be here in cryptocurrency. Because there is use of everycoin but meme coins are useless. They are being only used by influencers like , Elon musk. I think meme coins trend should end soon. People are losing their money in these MemeCoins they pump to high and after some time they dump very hard.

[iTradeChips]

If you want to ask my opinion I would say that meme coins are interesting for the reason that the masses will try to invest on them. The masses and not the cryptocurrency enthusiasts. The masses are the ones that do not have any patience to read technical analysis, they are the people who do not have the patience to read candlesticks. These masses do not want to be lectured on the mathematics of economy or finance but rather wants to check on social media for advise.

[Almasani]

With the rise of Doge Coin, there have been countless MEME coins launch on different platform.
What are you thoughts on meme coins? Are they bad for the industry? Or Are they a gateway drug for newbies to enter the game?

I think they hope such tokens can grow in the future like Dogecoin. But unfortunately, they make tokens, not coins. So that user attraction is very difficult to obtain. If they make coins that are independent, meaning they don't depend on other platforms, they might have a great chance going forward.

[Jackl87]

With the rise of Doge Coin, there have been countless MEME coins launch on different platform.
What are you thoughts on meme coins? Are they bad for the industry? Or Are they a gateway drug for newbies to enter the game?

I really think that meme-coins are bad for the industry to answer your question directly. They take away so much liquidity, trading volume and attention away from "real" projects which is never a good thing. I also think that, that the flood of new meme-coins that began in late april and early may is one of the main reasons for the dump that happened in mid may. I mean which institute or normal person that is not into crypto yet can take the crypto space seriously when all those stupid meme-coins have more trading volume than most normal and useful projects. Thankfully the meme-coin hype is already going down again.

[Anonymous100]

Meme coin is a new trend but I don't think it will last very long. I think that Dogecoin will be the only survivor in this trend. The rest of the meme coins will be destroyed in time.

They are not generated with the name of the coin, but of the token. So it won't be of any positive value to crypto enthusiasts. There is nothing new for them, except creating a website to promote it.

[john1010]

Meme token are like bubble you can see today but gone tomorrow, if you are wise and knowledgeable trader and holder you will put your money on the project that has a longer lasting effect, theres a lot of project out there who offer security and stabilty, if I were you I will avoid meme coin because it is very risky you can lose lots of your money by putting in to it.