Are MEME Coins A NEW Trend

[7788bitcoin]

Investors probably are just looking at the price pump potential and just neglect the high supply which would make it impossible for a coin to rise to a big price. Sometimes because of the hype, people tend to forget to do the basic research when investing, and thanks to them whales are making easy money while they just blindly follow.

This is exactly the sole reason why new investors are looking for coins with penny valuations and once there is a huge hype they believe that they could make a huge profit, these trends will happen once in a while and once they understand that these shit coins will not develop further and once the market goes in correction mode then those who jumped into those coins will not dare to invest again.

[wheelz1200]

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?

Seriously stay away from all this garbage.  Once doge goes back into thesub 50 sat area all of these clones will be completely worthless.  Doge has been the 2020/21 fad that has seen its day.  These coins and tokens that are popping up are just toys created to make the "devs" more bitcoin and drop these worthless tokens on you.

[DarkDays]

meme coin has indeed become a trend, but I don't like it at all, because in my opinion memecoin has no utility and can't last long term, unless later there is a meme coin that has good utility, I will support it

What could really be the utility of a memecoin? There's no utility in that, Doge itself already went too far in that. Doge has no utility, nobody is really using that shit and yet we fail to recognize the trap that there's behind these silly attempts to make a few smarter guys rich.
Stay away from those coins unless you're prepared to lose all your money.

Must agree with your view on this that meme coins do not have utility whatsoever but somehow this bull run has created hundreds of them. The way I see it, Doge is the only meme that can survive long-term but all the other one that boomed on the back of Doge's volatility will not going to withstand the selling pressure typical of bear seasons.

[Lbee]

Honestly seems like with Bitcoin sideways and even the solid alts like Cardano, ETH, DOT, etc; MemeCoins simply just have the biggest chance of huge returns, lowcaps like babydoge > babyshiba > babydogebillionaire (new one) and all the rest.

How long will the trend continue for though? Who knows...

[Kasabus]

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?

Some of them are bad because they are pump and dump coins some have usage for the community, it can be the gateway to discover Cryptocurrency but they should be educated on the many sides of investing in Cryptocurrency, they should understand that it's not always profit investing in Cryptocurrency there are so many pitfalls to avoid.

Meme coins started to trend after Elon hype Doge coin and made its price pump. I think meme coins are just waiting for great influencers to create huge price increase on their part. Just like what Shiba is also right now but i don't think if it will the same exactly with Doge coin. But honestly, i will not consider investing into meme coins as they have no great uses in the community and once the whole market start to be bearish again, most of then won't recover in time.

[bison]

Indeed, this time the coin meme trend is spreading, but I personally am not really interested in this trend, because I believe the coin meme trend will not last long because the function of the koi meme is very minimal.

[irsada]

The meme trend is mushrooming among cryptocurrencies, many people have become millionaires in just a few days when investing in meme tokens at the beginning of its launch, but unfortunately many people don't understand that investing in meme tokens rarely lasts a long time most of the price will continue to fall after the hype is over.
don't keep the meme tokens that you believe in for too long.

[BOAEDAN]

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?

MEME coin can be a trend right now because of the influence of Elon Musk who often talks about it on Twitter so many people are curious and buy meme coins, but you have to know that meme coins have a very high risk and it's better you can avoid coins like that .

[sammy21]

The meme trend is mushrooming among cryptocurrencies, many people have become millionaires in just a few days when investing in meme tokens at the beginning of its launch, but unfortunately many people don't understand that investing in meme tokens rarely lasts a long time most of the price will continue to fall after the hype is over.
don't keep the meme tokens that you believe in for too long.

True, with the current trend of coin memes for those who are lucky to be in time to enter and exit when the trend peaks must have made a fantastic profit, but the resilience of the coin mems themselves is so low, they will surely drop as soon as the hype ends which there will be a lot people who lose money from holding meme coins for too long.

[hichamito37]

bitcoin and ethereum and other cryptocurrencies developed to solve real world problems. The goal is to be widely accepted by merchants, create a new form of decentralized currency, and revolutionize many industries.other way, meme coins serve no practical purpose, most of them are made for quick money.Although you can make money from your investment in meme coin but the real risk is you will probably lose most of your investment.

[wilkine]

I don't think MEME coins are the trend. They're probably just hype. There're always people who would like to make quick money. The market of EME Coins suit them, but I'm afraid it won't last.

[lablab03]

I don't think MEME coins are the trend. They're probably just hype. There're always people who would like to make quick money. The market of EME Coins suit them, but I'm afraid it won't last.

it's very obvious to be honest that those memes coins exist only just to hype and want to left behind those who invest after they gained profits.. They're are not recommended TBH especially if you want to make profits and to protect your money.  They're are totally scam why people always see it good as a investment?. As the matter of fact there's a bunch of genuine projects in the market why shitcoin.. Lmao

[TastyChillySauce00]

I don't think MEME coins are the trend. They're probably just hype. There're always people who would like to make quick money. The market of EME Coins suit them, but I'm afraid it won't last.

Its both hype and trend, undoubtedly many people who buys mene coin are using it for purely speculative purpose like tokenized coins trend back then and I think the market for such coin thata purely speculative isnt healthy.
This trend will become unsustainable and maybe gonna taint the market when many people actually losing because the upcoming massive dumping thats inevitable.

[Brus123]

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?

It is not more than just a hype now that will end one day, so it is like a lottery to invest in meme coins. If it is promoted by somebody authoritative like Elon Musk, they will be pumped, but they are very unpredictable.
They don’t carry any real utility for the market and this is an actual problem. So I stick to the strategy of investing in fundamental currencies that have a future.

[rozak]

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?

It is not more than just a hype now that will end one day, so it is like a lottery to invest in meme coins. If it is promoted by somebody authoritative like Elon Musk, they will be pumped, but they are very unpredictable.
They don’t carry any real utility for the market and this is an actual problem. So I stick to the strategy of investing in fundamental currencies that have a future.

you have a good choice.
meme coin is not all bad. but it all started with hype. some have survived and managed to get into the big exchanges. but more of the meme coins will disappear once they are listed on the exchange and lose their hype.
We've seen a lot of meme projects. but there are still many who like it.

[kapalmabur]

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?

It is not more than just a hype now that will end one day, so it is like a lottery to invest in meme coins. If it is promoted by somebody authoritative like Elon Musk, they will be pumped, but they are very unpredictable.
They don’t carry any real utility for the market and this is an actual problem. So I stick to the strategy of investing in fundamental currencies that have a future.

you have a good choice.
meme coin is not all bad. but it all started with hype. some have survived and managed to get into the big exchanges. but more of the meme coins will disappear once they are listed on the exchange and lose their hype.
We've seen a lot of meme projects. but there are still many who like it.

When it comes to coin memes I think we can see for ourselves that more disappear than survive on the big exchanges,
so of course you have to think carefully if you really want to invest in coin memes,
the risk is of course very big but what you say is also true that not all coin memes are bad

[Devifajarina]

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 it's as bad as people say, instead it's an alternative coin meme for beginners to learn to invest, if coin memes are said to be bad, then it's very naive when BTC was able to become number one today, yesterday the price of doge actually went up very well in the market even though it finally dropped again .

Meme coin is an alternative for beginners who want to start investing, meme coin does not have a big risk for beginners considering the purchase price of this coin is not so expensive, if meme coin is an initial capital to invest for beginners, in the future they will better understand other coins in the market.

There are so many meme coins nowadays, the opportunity to analyze is even more open, meaning it is not so difficult for beginners when they want to invest, now there are so many sites that we can learn about coin memes, just to increase knowledge when we want to invest.

Well, on this basis, I think meme coin is not as bad as people say, this coin can actually provide education to beginners about the right way to invest, this experience will continue to be taught to them and the consequence is that when investments don't go smoothly, beginners don't lose big.

[BintangBuleun]

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?

There are coin memes that can indeed be used as investments, because they are really serious about running the project even though the current value of the coin is very low. But there are also meme coins just to be trash in the wallet. I think you need to look in more detail before investing in meme coins.

[nurilham]

There are coin memes that can indeed be used as investments, because they are really serious about running the project

What meme coins are you referring to? I don't know if any meme coins were created by a serious project team. In my understanding, if a project wants to be serious for their business, they won't make meme coins. We all know if the reputation of meme coins is very bad, so some people only use them for short-term trading. But for big investors, they should prefer to choose non meme coins because it is too risky.

[Devifajarina]

I don't think it's as bad as people say, instead it's an alternative coin meme for beginners to learn to invest, if coin memes are said to be bad, then it's very naive when BTC was able to become number one today, yesterday the price of doge actually went up very well in the market even though it finally dropped again .

Meme coin is an alternative for beginners who want to start investing, meme coin does not have a big risk for beginners considering the purchase price of this coin is not so expensive, if meme coin is an initial capital to invest for beginners, in the future they will better understand other coins in the market.

There are so many meme coins nowadays, the opportunity to analyze is even more open, meaning it is not so difficult for beginners when they want to invest, now there are so many sites that we can learn about coin memes, just to increase knowledge when we want to invest.

Well, on this basis, I think meme coin is not as bad as people say, this coin can actually provide education to beginners about the right way to invest, this experience will continue to be taught to them and the consequence is that when investments don't go smoothly, beginners don't lose big.

I actually agree with your current thinking, even if there are people who say that coin memes are bad, then we need to ask about their statements, coin memes are a learning medium for beginners who are just starting to get to know the crypto world, investing here also doesn't have a high risk , meaning that this meme coin is very much needed for beginners, it is impossible for beginners to directly invest in the top 10 coins, if this is done then they commit suicide.

In my opinion coin memes are very inappropriate if they are bad, there is no reason for us to say that, and it is very inappropriate if people label them as such, this label is more appropriate for us to attach to people who often create instability today.