Are MEME Coins A NEW Trend

[Twinkledoe]

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.

Most of these meme tokens will have very short lifespan. Once the corresponding 'dev' got their money, even not much, they will abandon and disappear particularly those anonymous projects. They can easily disappear and leave their investors hanging. So yes, it is better to invest on solid projects like ETH or BNB, at least you know, they will not disappear overnight and they have pretty good foundation to begin with.

[Karartma1]

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.

I like the definition of Memecoin and Shitcoin that was given here: "gateway drug for newbies to enter the game".
Shitcoins are shitcoins by definitions and memecoins are even worse than that. Please understand what's good can be done with those tokens and 99,9% nothing good can be done with them as they work only as speculation means.
Just play with it if you want to try your luck and earn a quick buck but be extremely careful.

[Trinx01]

For me, there are still some meme coins that are worth of investing in, there are so many meme coins that have good potential, in the long run, there are already a lot of new projects that we have now in the crypto world, we may choose to invest on it but we should have to do research first before putting some money, we cannot still avoid some scammers.

[laohe628]

For me, there are still some meme coins that are worth of investing in, there are so many meme coins that have good potential, in the long run, there are already a lot of new projects that we have now in the crypto world, we may choose to invest on it but we should have to do research first before putting some money, we cannot still avoid some scammers.

I agree with “some meme coins that are worth of investing in”，but just suitable for short - term trading，and this trading strategy is very risky although it may be very profitable so that i dont recommend.

[bison]

I always avoid buying meme coins, no matter how interesting the meme coins are. because in my opinion meme coin has no utility at all, so it has no potential in the future, but people's decisions and choices in investing are certainly different

I am also like you, for me Meme coin has no possibility to grow, maybe if it becomes a trend it will only last for a while, it will not be sustainable, and eventually it will be forgotten, it's better to choose a real coin than a meme coin

[junkerr]

I always avoid buying meme coins, no matter how interesting the meme coins are. because in my opinion meme coin has no utility at all, so it has no potential in the future, but people's decisions and choices in investing are certainly different

I am also like you, for me Meme coin has no possibility to grow, maybe if it becomes a trend it will only last for a while, it will not be sustainable, and eventually it will be forgotten, it's better to choose a real coin than a meme coin

Isn't Dogecoin like that too? they became popular with support from community development and a lot of talk from social media. all crypto assets can become meme coins if they focus too much on creating issues on social media than on the actual work of developing their products.
Currently, Meme Coin has become a strategy for every new project to develop their market and community. it all depends on the developer, whether to run the project well or just want to make a profit.

[Flowzer]

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?

Im a bit agree that the meme coins is a gateway for newbies to enter the game, but i dont like that things happen since its risky to them to join on such the project without any good aim and fundamental.
Meme coins power only from the communities, if the community weak then nobody will held the price and easy to dump, its ok to put some small money there, but its for fun and scalping only.

[clarkt]

Meme coin is a fun coin meant to build a community of interest in cryptocurrency.  As far as I know,  meme coin could be use for charity,  sporting events,  topical dialogue and use to raise concern about issues or to promote a way of life!  At the peak of cryptocurrency market bull run,  we saw success of doge and shiba inu and this might have encouraged those who want to cash in on the trend!

[Bay_Harbour_Butcher]

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

[Kehindem]

Yh, I heard about the coin,  but I think most of them shit coin due to high demand for it recently, and it does not have stand and basis to grow.

[xiboothrezi]

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

With no real functionality, it would be very difficult for a coin or token meme to last long. Most of the token/coin memes that have popped up a lot lately are due to the high hype, the impact of the unpredictable Doge movement. but we can't generalize that what happened to Doge also applies to similar meme projects. in fact, most meme projects are just pump and dump, many are stuck with this, especially new investors who don't understand today's diverse crypto ecosystem.
There's nothing wrong with getting involved with a meme project, as long as you're prepared to take the risk, and get in or out at the right time.

[TimeTeller]

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

With no real functionality, it would be very difficult for a coin or token meme to last long. Most of the token/coin memes that have popped up a lot lately are due to the high hype, the impact of the unpredictable Doge movement. but we can't generalize that what happened to Doge also applies to similar meme projects. in fact, most meme projects are just pump and dump, many are stuck with this, especially new investors who don't understand today's diverse crypto ecosystem.
There's nothing wrong with getting involved with a meme project, as long as you're prepared to take the risk, and get in or out at the right time.

Meme coins/tokens are far worse than these defi platforms.
Because almost all meme projects have no actual use case but they are relying more on how they can attract the interest from the community.
Manipulation in trading, creating fud, promising high ROI are just few of their characteristics.
I believe, a lot of these meme buyers will soon get rekt, if they are not careful on when to exit the market.
Only few of them will survive long, and definitely, one of them is the old meme coin, doge.

[Karartma1]

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.

[worldofcoins]

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?

What I think is people who invested in dogecoin will regret in the future when miners will be dumping the coins on investors and there will be a rapid decline in the dogecoin's price unless the meme doesn't die and new investors keep coming in, which I doubt happens.

[zasad@]

I accidentally went to this thread because I saw the familiar name MEME
https://www.coingecko.com/en/coins/meme
The same fate will be for cryptocurrency memes.
MEME was one of the first interesting meme coin projects.
This practice will never stop, because every successful project will always have a  meme coins.

[cheezcarls]

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?

The trend would easily die in a few or several months I think. Elon Musk’s advocacy of Dogecoin had started it all for others to make meme coins. However, we should not be greedy in holding meme coins for a long time. They are not designed for long-term. They can create their own concept, roadmap, etc., but still they are meme coins.

If you truly insist to invest in these meme coins, always do your own research and acknowledge the risks. Don’t buy at the FOMO, but rather during the dip. If you have achieved at least x2 (in which I did a few days ago), sell it immediately before the trend dies down.

[xmonkeyx]

I think that there are good and bad. The good thing is that because of the emergence of the MEME coin, many beginners dare to invest in the coin, which was always underestimated. and the bad thing is that the risk level of the coin holder is very high. like the current DOGE whose price is very, very high compared to the basic price like in 2020, it is a very high risk if we buy it at the current price. Of course the level of risk will be equal to the level of profit. of the whole. I think with the emergence of MEME coins it will be more interesting.

[inanilujimi]

nowadays so many coin memes end up in scams which means harming investors and only enriching the creators, it's just luck if some meme coins manage to enter a big exchange and get a good position in the market, if you like meme coins it's a good idea to invest in those that are already registered on major exchanges like Binance.

[Valak]

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?

Nowadays a lot of meme coins are presented, not even worth it. They make a pretty high supply. It's even hard to read. I think they closed their eyes when determining the amount of the token supply. They made it the next Dogecoin. But they forget that the token they develop is based on a third party platform, so the transaction fees are higher compared to the exchange rate of the token.

[freedomgo]

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?

Nowadays a lot of meme coins are presented, not even worth it. They make a pretty high supply. It's even hard to read. I think they closed their eyes when determining the amount of the token supply. They made it the next Dogecoin. But they forget that the token they develop is based on a third party platform, so the transaction fees are higher compared to the exchange rate of the token.

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.